$3 million Convertible Notes of Plymouth Financial Company, Inc. Convertible into Common Stock of Xspand, Inc.

The undersigned acted as the sole agent in placing the Convertible Notes


$3 Million Venture Financing

  • Xspand Inc. was an early stage financial services company, servicing local governments’ property tax receivables.
  • Scura Partners was retained by the company to raise expansion capital. Scura Partners designed the notes and successfully placed them with two well-respected institutional investors.
  • As a result of the transaction, Xspand became the largest third party servicer of this asset class. Xspand was rated by S2Pas a servicer and had such marquee clients as New York City, Philadelphia, Nassau County and Kansas City, KS.
Print Friendly, PDF & Email