SOFII funding was used for working capital to build sales and fundraising teams for onboarding of charity and merchant partners and initiate the integration of Trureal’s MasterCard BIN with an issuing bank.

SOFII funding was used for working capital to build new features into the platform to increase automation and to launch a new revenue stream: RVezy Experiences.

SOFII funding was used for working capital to improve the accuracy of the Corporate Bond Intelligence (COBI) bond pricing to meet the specific go-to-market demand time-window for their pricing algorithm product.

SOFII funding was used for working capital to complete the development of the 9103 multiplexor, supporting Lab and Network Equipment Building Systems (NEBS) testing and towards the development of the next generation of products.

SOFII funding was used for working capital to accelerate growth plans including hiring key positions, investing in IT projects, and digital marketing.

SOFII funding was used for working capital to complete a SaaS conversion of their existing analytics products: price benchmarking reports and cost estimation.

SOFII funding was used for working capital to integrate their platform with existing access point providers as collection points for the raw data allowing customers to implement the solution without additional hardware and installation costs.

SOFII funding was used for working capital to fund US expansion including increasing sales and marketing teams and increase targeted marketing for US pilot cities.

SOFII funding was used for working capital to commercialize the Fusebill IoT Module and to scale sales, marketing and support teams.

SOFII funding was used for working capital to hire additional management and production staff, upgrade equipment and increase marketing efforts.