$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.