CHAPEL HILL – StartStopMove Inc. has raised another $265,000 in a private debt offering, according to a filing with the Securities and Exchange Commission on Monday.

The Chapel Hill-based company plans to raise $500,000 with $330,000 now having been raised. Eight investors have participated.

The original $65,000 was raised by five investors last fall.

The founder of StartStopMove, Alain Glanzman, recently received his MBA from the Kenan-Flagler Business School at UNC-Chapel Hill.

Glanzman is currently the co-founder and chief executive officer at WalletFi, a digital wallet application for smartphones based in Raleigh.

Prior to receiving his MBA, Glanzman worked as a consultant for nonprofits and Fortune 500 companies.

Glanzman has held various entrepreneurial positions including working as a global product manager with WomanCare Global in London and as a consultant at Keen Strategy LLC in Raleigh.

Glanzman was also a venture capital MBA associate at IDEA Fund Partners and a entrepreneur at SoFi in San Francisco, California before leading the WalletFi and StartStopMove start-ups.

Glanzman has successfully launched products across the globe, including Europe, Africa and South America.

(North Carolina Business News Wire contributed to this report.)