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Boston Financial & Equity Closes $1MM Lease Line for NY-Based Start Up

July 13, 2016, 07:00 AM

Boston Financial & Equity Corporation (BF&EC) recently provided a $1 million lease line for servers to thier newest lessee, described by BF&EC as still in “stealth” mode and on their way to disrupting the way we all work on our desktops.

The company has raised approximately $3 million with about $1.5 million left, which should take them through the end of 2016 with a current burn of $150,000 per month and increasing.  The company recently added a seasoned entrepreneur to its team, and the initial launch in March is bringing in recurring revenue.

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