Feenix Venture Partners provided a $1 million senior secured loan to Blackboxstocks, a financial technology and social media hybrid platform that offers real-time proprietary analytics for stock and options traders of all levels.
“This financing provides Blackbox with the resources needed to begin development of important new features for our platform as well as augment our current marketing efforts,” Gust Kepler, CEO of Blackbox, said.
“Blackboxstocks has done an amazing job growing their platform with best-in-class trading analytics for their subscribers. We are excited about partnering with them to further enhance their product offering and build on their momentum,” Keith Lee, CEO of Feenix Venture Partners, said.
Principal payments of $10,000 per month begin in December 2021 with a maturity of November 2022. This term may be extended for an additional year. The loan bears interest at 12% per annum. In connection with the financing, Blackbox retired $100,000 of existing senior debt and paid approximately $134,000 in trade payables.
Feenix Venture Partners is a private investment firm established in 2017 and headquartered in New York City.
