Konzortia Capital Update December 2020
2020 has been a year of difficulties for everyone. Nevertheless, for us at Konzortia Capital this has been an opportunity to learn to adapt to unexpected circumstances and make the best out of them. With that said, despite the obstacles, we managed to fulfil our objectives for this year taking many important steps towards growing the company and making our innovative products widely availiable to the public.
The first important step we’ve taken has to do with the name of InveStart being replaced by InvestHub. Likewise, we’ve changed the name of Novabank to SBank. These names were consulted with the whole company’s marketing team, based on marketability as well as availability. These new names were accompanied by a formal registration of the trademark. We have incorporated the holding company in Delaware, US, as Konzortia Capital Inc. We’ve also incorporated the SPV as we anticipated, which is called Konzortia Capital SPV01LLC. Subsequentially, the proper filing for the SPV with the SEC was issued, in compliance to all relevant regulations and exemptions.
Right now, we find outselves in a Pre-Series A round, the seed and the A rounds of investment. This is a phase in which we’re going to focus of releasing the MVP for SBank and starting to grow its userbase. Having a functioning early platform with an established userbase and a clear roadmap will much mnore easily allow us seek funds from institutional investors such as broker dealers, family offices or Venture Capital firms. We’ll finish the round and be able to run series A by the end of 2021. This series is for 8.5 million dollars, and on this SPV, we’re bringing all of you who’ve previously invested in the Costa Rican company and we’re putting you together with the investors that come in this round.
Another important aspect in which we’ve focused in the last part of the year has been advertisement, which includes updating and enhancing our websites. So far, the domain www.konzortia.capital has been used as a landing page site for our campaign, whereas www.konzortiacapital.com is a website that is currently under development by our team, with a new look and approach that is aimed at our existing and potential investors.
The content currently in www.konzortiacapital.com will be moved to the www.konzortia.capital domain, and the www.konzortiacapital.com domain will be used for our new corporate website. This is going to happen as soon as we’re done creating the corporate website, with a more informative focus and the typical functions of a corporate site.
Right now, our shortest-term goal is to finish developing some new projections, which are going to be very down to earth, for every one of the verticals of our business. These projections are meant to be presented to potential institutional investors. This job is being tackled by our business intelligence director and co-founder, who comes from the “big four”.
As part of the things that are going to happen next year, we’re going to set up a shared services center in Bogota. This is very cost-effective city filled with great human capital. Some of our directors are already working from there, so we want to create the back office for the operation of all the companies in the consortium under one single roof, which is the shared services center. We anticipate this happening by easter next year. Before we do that, we plan on opening an office close to LA, most likely in Irvine, California. Hopefully, by then, everything will be partially back to normal in terms of the pandemic. We’ll afterwards be opening a New York office as well, where top directors are going to be working from, including the founder and the cofounder for the most part.