RAETI FINANCIAL SERVICES SPAC

Company profile

RAETI FINANCIAL SERVICES SPAC company profile

RAETI is a financial services SPAC that will acquire a bank in Liechtenstein, aiming to build a future-proof bank heavily using technology and AI. With the acquisition of a bank, additional acquisitions will include FinTech, RegTech, BlockchainTech. The bank will target wealthy clients, offering unique investment products, based on CHF, EUR and USD. Why Liechtenstein? Liechtenstein provides access to CHF-based financial products and it provides access to EU markets through passporting, as Liechtenstein is member of EEA. Generating profit from transfer fees will not be a part of banking future. Instead, e-payment providers are taking over. RAETI's acquisitions will be developed accordingly, benefiting from FinTech. Client Due Diligence and Compliance are a serious cost factor for banks, especially for smaller and medium banks. With the right RegTech applied, 75% of due diligence and compliance costs will be saved. Blockchain technology will be applied to due diligence and compliance as well as to internal client transactions related to own financial products. The bank to be acquired by RAETI Acquisitions LLC (to be incorporated) will develop and market, among others, its own AIFs (alternative investment funds), which will invest in lucrative niche markets. Double listing at Nasdaq and NYSE planned; IPO proceeds are planned to be USD 200 million. Required pre-IPO capital (sponsor capital) is USD 10,500,000. The underwriting investment bank expressed its intention to participate in the sponsoring. RAETI SPAC is currently looking for USD 7 to 8 million sponsor capital. Sponsors will be provided with founder shares plus one full warrant for each USD invested. The Board of RAETI will consist of industry specialists, while its CEO will be a global banking heavyweight from one of the large global banks; respective communication with prospective board members reached a promising stage.