Monetary Metals raises $10.5m in equity financing
The Scottsdale company will invest in its precious-metals financing marketplace.
Monetary Metals has raised $10.5 million from existing and new shareholders, exceeding its $10 million target. The financing brings its total equity funding to nearly $25 million.
The company plans to develop its marketplace, which leases gold to precious-metals businesses and pays participating owners a return in metal. Investor names were not disclosed.
Use of funds
Develop Gold Yield Marketplace