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Corporation
efunds.com

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Investments

1

Portfolio Exits

1

About eFunds

With more than 30 years of payment processing and information intelligence expertise, eFunds delivers flexible, innovative solutions to eFunds is a businesses. Leveraging mission-critical business insight, eFunds enables financial services companies, retailers, and government organizations to grow their businesses while reducing transaction and infrastructure costs, detecting potential fraud and building long-term customer value. eFunds' flexible delivery model means solutions can be run in-house, outsourced or anything in between, helping customers balance the need for control with operational efficiency of ownership. From the point of account opening to the settlement of every transaction -- debit, credit, or prepaid -- eFunds helps businesses win more of the right customers, serve them more efficiently and keep them.

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Latest eFunds News

Fundrise Officially Announces New eFunds

Jul 20, 2017

By JD Alois Fundrise, a leading online marketplace for real estate investing, has officially announced the availability of their new eFunds. Crowdfund Insider reported on the looming announcement this past spring when Fundrise filed a new Form 1-A , or Reg A+ offer, revealing the new investment vehicle. In a marketing email, Fundrise explained their new eFund: An eFund is a brand new type of investment that allows you to invest directly into a diversified portfolio with the aim of developing new homes for the next generation of homebuyers in major cities. What makes our eFunds unique? For-sale housing: Unlike the eREITs which focus on acquiring and operating commercial real estate, the eFunds focus on developing new homes. Tax efficient: Traditionally, the primary opportunity to invest in the housing market has been via publicly traded home builders. These companies are subject to double taxation making them less efficient than our new eFund model. The “featured” eFund starts with the Los Angeles market. The LA eFund aims to provide housing for the underserved millennial homebuyer. The goal of the LA eFund is to capitalize on demographic trends that have created pent up demand for new homes, including education and cultural trends, along with a preference for walkable urban centers. Fundrise has also launched a DC eFund. This is a natural step as DC is their home turf. Fundrise explains the investment as follows: “Each eFund intends to invest in the acquisition of properties for the development and sale of single-family homes. [Investors] earn potential returns based on any profits from the sale of the completed homes, and [they] may receive periodic cash distributions as the properties are sold.” Fundrise started as a single property crowdfunding platform but has since morphed into a multifaceted online marketplace for real estate investment. Both accredited and non-accredited investors may participate. Sponsored Links by DQ Promote You may also like...

eFunds Investments

1 Investments

eFunds has made 1 investments. Their latest investment was in Quanzhimai as part of their Series B on January 1, 2015.

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eFunds Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/1/2015

Series B

Quanzhimai

Yes

1

Date

1/1/2015

Round

Series B

Company

Quanzhimai

Amount

New?

Yes

Co-Investors

Sources

1

eFunds Portfolio Exits

1 Portfolio Exit

eFunds has 1 portfolio exit. Their latest portfolio exit was Webtone on November 15, 2006.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/15/2006

IPO

Date

11/15/2006

Exit

IPO

Companies

Valuation

Acquirer

Sources

eFunds Acquisitions

5 Acquisitions

eFunds acquired 5 companies. Their latest acquisition was EFD Prepaid Solutions on July 08, 2005.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/8/2005

Unattributed VC

$991

$36.17M

Acquired

7/6/2005

Series D

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$99M

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10

3/21/2005

Acquired

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$991

$99M

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10

1/13/2005

Series D

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$991

$99M

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10

11/13/2003

Series A

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$99M

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10

Date

7/8/2005

7/6/2005

3/21/2005

1/13/2005

11/13/2003

Investment Stage

Unattributed VC

Series D

Acquired

Series D

Series A

Companies

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Valuation

$991

$991

$991

Total Funding

$36.17M

$99M

$99M

$99M

$99M

Note

Acquired

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Sources

10

10

10

10

eFunds Team

1 Team Member

eFunds has 1 team member, including former Senior Vice President, Tommy L. Andrews.

Name

Work History

Title

Status

Tommy L. Andrews

Senior Vice President

Former

Name

Tommy L. Andrews

Work History

Title

Senior Vice President

Status

Former

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