Ben Psillas
Debx, a Bethesda-based company, wants to raise an additional $500,000 to reach its $1 million private equity offering, according to a Security and Exchange Commission filing.
Debx LLC submitted the Form D SEC filing on Jan. 26, and has raised $500,000 from three investors. The minimum investment amount from outside investors is $1,000.
The filing did not disclose how the company would use its proceeds and indicated the offering would not last more than one year.
Ben Psillas, executive officer, manager and promoter of Debx, signed the form. Psillas previously worked as the CEO of Rate Reset, a financial services startup firm that allows consumers to reset rates on mortgage and auto loans from their computer.
Debx is trademarked as a software company, producing a mobile app that allows users to control credit card and other debt payments with their bank accounts through the application.
Companies relying on a Reg D exemption are not required to register securities offerings with the SEC, but instead they must file a Form D electronically with the SEC after they first sell their securities.
The form can be found here.
