Borderless Payments I LLC is a private investment fund based in Atlanta, Georgia. According to its most recent Form D, filed Jul 6, 2021, it has sold $1,350,000 of interests to 16 investors since its first sale in Oct 2020. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include David Garcia; Arul Murugan.
- Total raised
- $1,350,000Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Oct 30, 2020
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- David Garcia; Arul Murugan
- Latest Form D
- Jul 6, 2021
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Borderless Payments I LLC
What is the minimum investment for Borderless Payments I LLC?
According to its latest Form D, filed Jul 6, 2021, the minimum investment Borderless Payments I LLC accepts from an outside investor is $100,000.
Who can invest in Borderless Payments I LLC?
Borderless Payments I LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Borderless Payments I LLC raised?
Borderless Payments I LLC reports $1,350,000 sold from 16 investors on its Form D filed Jul 6, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Borderless Payments I LLC based?
Borderless Payments I LLC is based in Atlanta, Georgia.
When did Borderless Payments I LLC launch?
Borderless Payments I LLC reports its first sale in Oct 2020.
Size compared with every private investment fund
Raised more than 21% of the 236 private investment funds based in Georgia, and more than 17% of all 10,255 that report sales.