LaunchPad Café, Ltd, the finance subsidiary of Ventana Biotech, Inc. (OTC: VNTA), is pleased to announce that it has contracted for its first financing client as a public company.
The Company has generated revenue from servicing a hard money loan that was made on June 13, 2022. Loan servicing involves tracking and receiving origination fees, interest, principal, and other amounts due under the loan documents, retaining a portion of these amounts, and remitting the balance to the original lender of the funds.
Mr. Stephen Replin, President and CEO of VNTA, said, “We are pleased to announce this first receipt of revenues as a public company. We see this as a key first step in building a significant specialty finance company. In addition to loan servicing, we envision other products and services, potentially including in the cryptocurrency space, in the future.”