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GloboKasNet Tops $3.7M with Latest Raise - cbl

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Gino Picasso

By Brian Wolak

CHEVY CHASE, Md. -- GloboKasNet has raised $850,000 from a $1.5 million offering, adding to $2.8 million the electronic payment system provider took in last July.

Principals named in a recent SEC filing include:

- Gino Picasso, CEO
- Pedro Kuczinski, Former Prime Minister and former Peruvian Minister of the Economy and Finance
- Michael Deutschman, COO
- Steven Hurwitz, from Trisun Financial Group
- Monica Brand, from the D.C. office of Accion

Picasso was previously the CEO at Mobile 365 (now Sybase 365) and Iridium Satellite LLC. He attended The University of Pennsylvania, the University of Maryland, and Georgetown University.

GloboKasNet was founded in 2007 to extend the presence and coverage of financial and business institutions at the national level through telecommunications and processing technology. The Chevy Chase, Md.-based company says its mission is to turn into reality the economic and social inclusion of any person, anywhere, without regard to distance or population density.

SEC filing: http://tinyurl.com/6f6ugkc

Bios:

Gino O. Picasso - CEO at Mobile 365, CEO at Indium Satellite and President of General Electric Spacenet Service. Founder, Director and CEO.

Michael Deutschman - Central Legal Manager and Administrative Director at Indium Satellite. Investor with over 30 years experience and over US$ 1,000 M in business structuring. Founder, Director and CEO.

Steve Hurwitz - President and co-founder of the Trisun Financial Group. Vice-President of Sharon Saving Bank. Director and shareholder.

Pedro Pablo Kuczynski - Former Prime Minister and former Peruvian Minister of the Economy and Finance, with over 30 years experience in the banking sector (World Bank, Peruvian Central Reserve Bank, and others). Director and shareholder.

Monica Brand
Principal Director

Monica Brand has spent her career in the financial services and social enterprise sectors, expanding and enhancing the value offered to the majority. Ms. Brand currently manages ACCION's Frontier Investments Group, whose mandate is to invest in early stage companies with disruptive business models that catalyze breakthrough innovation in financial inclusion. Prior to assuming responsibility for managing this fund, Ms. Brand launched and ran ACCION's Marketing & Product Development Unit, where she oversaw the creation of new financial services to move the industry beyond microcredit.

Before joining ACCION, Ms. Brand worked with Anthuri Ventures - an early stage equity fund based in Cape Town, South Africa - and founded Anthuri Catalysts to help prepare potential portfolio companies for investment. Before that, Ms Brand worked at Calvert Ventures, the early stage equity arm of the largest socially responsible mutual fund in the United States. Ms Brand began her career in financial services in California where she worked as a commercial loan officer of a green fund and separately, helped launch a $50 million multi-bank lending intermediary to finance small businesses and community facilities. Ms. Brand's professional experience also includes training and teaching at all levels, including working as a business trainer of female entrepreneurs at the Women's Initiative for Self-Employment (WISE) and as a case-writer for 2nd year MBAs at Harvard Business School. Ms Brand currently serves as an Adjunct Professor at the John Hopkins School of Advanced International Studies (SAIS) teaching a graduate-level course on impact investing.

Ms. Brand received both a M.B.A. and a master's of education from Stanford University and her Bachelor of Arts degree in economics from Williams College, where she graduated with honors. Ms. Brand serves on numerous boards including GloboKasNet (an electronic payment system provider), Paralife Holdings (a Swiss micro-insurance company), and chairs the investment representative committee of Leap Frog, the first ever microinsurance fund.

Also at citybizlist, see:

GloboKasNet Raises $2M - cbl


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