SEC Comment Letter 0000000000-23-002018 to Monetiva Inc. (CIK 0001681309)
Monetiva Inc. (CIK 0001681309)
Date: Feb. 28, 2023 · CIK: 0001681309 · Accession: 0000000000-23-002018
AI Filing Summary & Sentiment
File numbers found in text: 333-269171
Letter
United States securities and exchange commission logo February 28, 2023 Pierre Sawaya President Monetiva Inc. 23615 El Toro Rd., Suite X327 Lake Forest, CA 92630 Re:Monetiva Inc. Amendment No. 1 to Registration Statement on Form S-1 Filed February 13, 2023 File No. 333-269171 Dear Pierre Sawaya: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Amendment 1 to Form S-1 filed February 13, 2023 Business and Properties Our Current business, page 29 1.We note your revised disclosure regarding your USA business being established that you have been approved by the sponsoring bank and your Monetiva MasterCard prepaid card is in the market open to the public and your other disclosure regarding Phase I and Phase II of your business. Please reconcile this disclosure with the information on your website including the statements that you have agreements with business partners in the United States, United Arab Emirates and China. These three markets alone are responsible for over $240 billion in annual remittance, and that you are in discussions with several prospective global partners including in: Mexico, the Philippines, India and Pakistan which cover another $150 billion in remittance.
FirstName LastNamePierre Sawaya Comapany NameMonetiva Inc. February 28, 2023 Page 2 FirstName LastName Pierre Sawaya Monetiva Inc. February 28, 2023 Page 2 Financial Statements, page F-1 2.Please update your financial statements and other financial information throughout the prospectus in accordance with Rule 8-08 of Regulation S-X. Exhibits 3.Please expand your disclosure to ensure that you describe the material terms of Exhibit 10.3 including, quantification of all up-front or execution payments received or paid to date, aggregate amounts paid or received to date under the agreement; and aggregate amounts of all potential payments or tell us why this is not required. You may contact Mark Rakip at 202-551-3573 or Shannon Menjivar at 202-551-3856 if you have questions regarding comments on the financial statements and related matters. Please contact Ruairi Regan at 202-551-3269 or Jeffrey Gabor at 202-551-2544 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Brian Higley, Esq.
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United States securities and exchange commission logo
February 28, 2023
Pierre Sawaya
President
Monetiva Inc.
23615 El Toro Rd., Suite X327
Lake Forest, CA 92630
Re:Monetiva Inc.
Amendment No. 1 to Registration Statement on Form S-1
Filed February 13, 2023
File No. 333-269171
Dear Pierre Sawaya:
We have reviewed your amended registration statement and have the following
comments. In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments.
Amendment 1 to Form S-1 filed February 13, 2023
Business and Properties
Our Current business, page 29
1.We note your revised disclosure regarding your USA business being established that you
have been approved by the sponsoring bank and your Monetiva MasterCard prepaid card
is in the market open to the public and your other disclosure regarding Phase I and Phase
II of your business. Please reconcile this disclosure with the information on your website
including the statements that you have agreements with business partners in the United
States, United Arab Emirates and China. These three markets alone are responsible for
over $240 billion in annual remittance, and that you are in discussions with several
prospective global partners including in: Mexico, the Philippines, India and Pakistan
which cover another $150 billion in remittance.
FirstName LastNamePierre Sawaya
Comapany NameMonetiva Inc.
February 28, 2023 Page 2
FirstName LastName
Pierre Sawaya
Monetiva Inc.
February 28, 2023
Page 2
Financial Statements, page F-1
2.Please update your financial statements and other financial information throughout
the prospectus in accordance with Rule 8-08 of Regulation S-X.
Exhibits
3.Please expand your disclosure to ensure that you describe the material terms of Exhibit
10.3 including, quantification of all up-front or execution payments received or paid to
date, aggregate amounts paid or received to date under the agreement;
and aggregate amounts of all potential payments or tell us why this is not required.
You may contact Mark Rakip at 202-551-3573 or Shannon Menjivar at 202-551-3856 if
you have questions regarding comments on the financial statements and related matters. Please
contact Ruairi Regan at 202-551-3269 or Jeffrey Gabor at 202-551-2544 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Brian Higley, Esq.