FinTechFunding

Crowd Media: Raises $4M for growth and debt reduction

  • Global influencer marketing company Crowd Media (CM8) has raised $4 million to accelerate growth and pay down its debt
  • Subject to shareholder approval, the company will also issue $2.8 million in options, exercisable at 7 cents within two years of issue
  • The company will issue 80 million shares all up
  • Crowd Media plans to spend the money on a few different growth initiatives
  • The company will accelerate research and development of its ‘Talking Head’ technology and boost inventory for its Crowd Direct eCommerce division
  • CM8 also plans to “drive opportunities in fintech and insuretech” to expand its commercial offering
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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