A Matthews, N.C.-based company wants to raise $1 million, according to a Form D filed with the Securities and Exchange Commission on Oct. 13.
RediPay Benefits has raised $50,000 of its goal of $1 million, according to the filing.
The corporation, which was founded in 2015, sets up pay systems for various sectors within the healthcare market. For instance, RediPay sets up such systems for both employee pay and patient payments.
Presently, the Matthews-based company has 18 projects underway, according to its website.
RediPay plans to raise the $1 million in no more than a year, according to the Form D.
RediPay at-a-glance
- CEO: Mark Allan Gulley Sr.
About the company:
“We’re hard at work transforming dental and vision employee benefits … for all humans.”
Highlights:
- “A cloud-based enterprise level application that facilitates direct reimbursement nationwide.”
- “A P2P system that links providers directly to patients to provide delivery of supplemental benefits.”
- “[The system] enables direct payment from patient to provider bypassing conventional systems.”
Source: RediPay
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but must file what’s known as a Form D electronically with the SEC after they first sell their securities.
The filing can be found at: https://www.sec.gov/Archives/edgar/data/1589670/000158967017000004/xslFormDX01/primary_doc.xml
Note: This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism
