A Charlotte-based financial technology news company has filed to raise $500,000 in equity, according to a Securities and Exchange Commission filing.
Let’s Talk Payments LLC filed a Form D with the SEC on Nov. 17. The filing listed a total offering amount of $500,000 in equity, with $275,000 remaining to be sold. Three investors participated in the offering. [screen-shot-2016-11-17-at-4-45-52-pm]
The company didn’t specify what it intends to do with the proceeds, according to the filing. Of the money raised, $50,000 will be used for executive compensation.
Founded in 2013, Let’s Talk Payments operates a news platform for professionals in the financial technology industry. It provides news, analysis and data-based research to more than 60,000 subscribers.
Aditya Khurjekar, chief executive officer of the company, signed off on the firm’s Form D on Tuesday. Previously, he worked as new business development executive of mobile commerce and payments at Verizon Wireless.
Private companies similar to Let’s Talk Payments, which rely on a Reg D exemption, aren’t required to register securities offerings with the SEC, but instead they must file a Form D electronically with the SEC after they sell the securities.
Note: This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism
