Correspondence 0001683168-23-005712 from Monetiva Inc. (CIK 0001681309)
Monetiva Inc. (CIK 0001681309)
Date: Aug. 14, 2023 · CIK: 0001681309 · Accession: 0001683168-23-005712
AI Filing Summary & Sentiment
File numbers found in text: 333-269171
Referenced dates: February 28, 2023
Show Raw Text
CORRESP
1
filename1.htm
14888 Auburn Sky Drive, Draper, UT 84020
(801) 634-1984
brian@businesslegaladvisor.com
Brian Higley
Attorney at Law
Licensed in Utah
August 14, 2023
Division of Corporation Finance
Office of Real Estate & Construction
Securities and Exchange Commission
Washington, DC 20549
Re:
Monetiva Inc.
Amendment No. 1 to Registration Statement on Form S-1
Filed February 13, 2023
File No. 333-269171
Dear Mr. Regan:
We are in receipt of your
letter dated February 28, 2023, setting forth certain comments to the amended Registration Statement on Form S-1 (the “S-1”),
which was filed on February 13, 2023 by Monetiva Inc., a Nevada corporation (the “Company”). In response to your comments,
the Company can provide you with the following information in response to your 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.
RESPONSE: Concurrent with the filing
herewith, the Company filed Amendment No. 2 to the Registration Statement on Form S-1 (the “Registration Statement”)
which includes revised business description to reconcile the business description with the disclosure from the Company’s website,
as requested.
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.
RESPONSE: Concurrent with the filing
herewith, the Company filed Amendment No. 2 to the Registration Statement on Form S-1 (the “Registration Statement”)
which includes updated financial statements and other financial information throughout the prospectus in accordance with Rule 8-08 of
Regulation S-X, as requested.
1
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.
RESPONSE: Concurrent with the filing
herewith, the Company filed Amendment No. 2 to the Registration Statement on Form S-1 (the “Registration Statement”)
which includes, on page 1, 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.
We hereby acknowledge the
Company and its management are responsible for the adequacy and accuracy of their disclosures, notwithstanding any review, comments, action
or absence of action by the staff.
Please feel free to contact
me if you have any questions on the responses to your comments.
Sincerely,
/s/ Brian Higley
Outside Legal Counsel
cc:
Pierre Sawaya, President
2