Proof of Funds (POF)

Balance Sheet Enhancement / POF (Proof of Funds) program is a powerful instrument in certain transactions.

• Program is in conjunction with 2 different banks.
• POF program offers you (the customer) a bank account with your company name and information on our banking platform tailored to elevate your company’s financial position.
• This Bank account will show a balance that you set up for.
• Just like any other type of account, you can integrate this Account with your Accounting system, and this will enhance your Balance Sheet, in exchange to an executed preferred equity agreement with our Partner.
• POF Program enhances your Equity Position, and improves investor confidence.
• POF amount is not withdrawable, and the Account Holder (you) cannot use these funds as means to pay for fees or down-payments.
• You can use the POF in transactions requiring you to show proof of funds. For example, if you need to enter into a contract to purchase an Asset, and Buyer requires a POF letter in order to execute the contract, then you can use this POF program to fulfill that requirement.
• Preferably 10 million USD minimum to no upper limit.
• No limits for POF in any given year
• No limits per customer
• No geographical restrictions. Applicable to US or international based businesses.
• Industry-agnostic
• Revenue-agnostic.
• Pre-revenue businesses are eligible.
• Timeframe to launch — 2-3 business days from application and payment of the setup fee.
• Pricing (payable upfront):
  • 1-2.5% (depending on which Bank we utilize) the POF amount for the setting up the program with the Banking Platform with amounts over US$ 25 million.
  • 3-3.5% (depending on which Bank we utilize) the POF amount for the setting up the program with the Banking Platform with amounts less than US$ 25 million.
  • Monthly Maintenance fee is 0-0.5% of the POF amounts (depending on which bank we utilize), applicable for each month Customer wants the Account to be active.
  • Maximum term – 1 year, renewable.