Hello all,
Ignite Financing is being included as a start-up in the Seedcoin Fund 2 (SF2) offering on Havelock.
- See:
http://www.seedco.in/home/havelock/SF2About:
Ignite Financing provides an industry first lease option for Bitcoin ATM hardware, allowing operators, new and existing, a set of lease products to decrease initial capital expense, allowing operators to procure a machine for a down payment equal to roughly 25% of an full purchase price, then make monthly lease payments out of revenue generated by the unit. As well, in certain jurisdictions, leasing can give operators certain preferential tax treatments.
Leasing offers the operator flexible options and reduced risk. We offer flexible lease terms, upgrade plans, end of lease options, and more. As well, in a constantly changing regulatory environment, leasing can reduce exposure to the operator if BTM units are deemed unacceptable. The operator can easily pay a fee to end the lease ahead of schedule, and return the unit to Ignite Financing, meaning an operator is not forced to liquidate a unit globally that is no longer feasible in their own jurisdiction.
In addition, we operate as a "bolt-on" service offering to BTM manufacturers, allowing them an avenue to close more sales when pricing is a barrier to close. We are currently in discussions with all major BTM manufacturers and are looking forward to announcing our first agreements soon.
We are excited to be part of the Seedcoin family of start-ups and look forward to offering lease (and other services) to BTM operators and more throughout the years to come.
FAQ:
Who is Terry Woltman: I have worked for major telecommunications companies in the United States, overseeing multimillion dollar network deployments and upgrades, including negotiating and managing agreements with major telecommunications equipment manufacturers. Most recently, I have been operating a telecommunications and IT consulting company with headquarters in the US and a subsidiary in Mexico (where I currently live), with clients and contractors globally. During this time, I have become an expert in import/export regulations; customs, duties and logistics; as well as financial services products.
How will the leases be structured: Leasing of hi-tech equipment is a well established industry, with best practices we plan to incorporate into our own business where they make sense. The leases will be modeled after other similar ticketed leases in the industry, such as high end servers and large office printers.
How will operators be qualified: We will perform industry standard credit and background checks on businesses and/or individuals.
I am an existing operator, how do I take advantage of Ignite Financing lease products: We offer a buy / lease-back product. Ignite Financing can purchase your existing BTM units, and provide them as an exclusive lease back to the operator. Thus allowing an operator to recoup some of their investment for growth or cash flow, and receive the advantages of a lease product going forward.
How do I apply:
1) We are currently setting up our initial Pilot Program. We are looking for 3-6 new or existing operators to join this program.
2) Once the Pilot Program is finished, you will be able to apply on-line and be qualified quickly for a lease.
* Feel free to send your contact details and any information to:
terry@ignitefinancing.com* Please include your Name, e-mail, phone, Skype, Country of Operation and we will get back to you as soon as possible. Note if you have any preference of BTM manufacturer.
What regions are you leasing to: Currently we are looking to offer services globally, but individual country requirements may restrict our ability to offer service. This will be handled on a case-by-case basis. Please do not let geography hinder your application.
Website: ignitefinancing.com (more professional site coming soon)
Twitter: @IgniteFin
** For any information on Seedcoin's SF2 offering, please see their specific thread at:
https://bitcointalk.org/index.php?topic=582933.0Any questions, please ask here. We are very excited to be serving the Bitcoin industry.
