Spave Growth

Spave Secures a Bright Future with Minnesota Angel Tax Credit Program

February 9, 2024|by Spave

In a milestone achievement for Spave, we are thrilled to announce our acceptance into the prestigious Minnesota Angel Tax Credit program. This recognition not only serves as a testament to our company's vision and potential but also opens up new avenues for growth and collaboration. 

The Minnesota Angel Tax Credit program, designed to foster innovation and entrepreneurship within the state, provides a unique opportunity for investors to support promising startups while enjoying tax incentives. Spave, a forward-thinking startup dedicated to transforming spending for good, is proud to be among the selected for this program. 

What is the Minnesota Angel Tax Credit Program? 

Before delving into our acceptance, let's explore what makes the Minnesota Angel Tax Credit program a game-changer for startups. Established by the Minnesota Department of Employment and Economic Development (DEED), this program aims to stimulate private investment in emerging businesses that demonstrate high growth potential in key industries. 

Qualified investors, no matter their state residence, who participate in the program receive a tax credit of 25% on their qualified investments, capped at $125,000 for individuals and $250,000 for couples filing jointly. This creates a win-win scenario, encouraging angel investors to support local startups while enjoying significant tax benefits. 

Spave: A Fintech Pioneer 

At Spave, our commitment to financial tech innovation has driven us to push boundaries and redefine possibilities. Being accepted into the Minnesota Angel Tax Credit program validates not only the strength of our business model but also the impact we aim to make in our industry. 

Our journey from inception to acceptance into this program reflects the dedication of our team and the potential recognized by discerning investors. We believe that this milestone will not only enhance our financial outlook but also open doors to valuable partnerships and collaborations that will accelerate our growth trajectory. 

Looking Ahead: The Spave Growth Trajectory 

As we embark on this exciting chapter with the Minnesota Angel Tax Credit program, Spave is poised for accelerated growth and increased visibility. We are eager to capitalize on the newfound opportunities and partnerships that this recognition will undoubtedly bring. 

To our current and future investors, partners, and supporters, we extend our heartfelt gratitude. Your belief in our vision has been the driving force behind our success, and with the support of the Minnesota Angel Tax Credit program, we are confident that Spave will continue to reach new heights in technology. 

Stay tuned as we share more updates on our journey, milestones, and the groundbreaking innovations that lie ahead. For more information about the Minnesota Angel Tax Credit program, please visit their website. If you are a potential investor and would like to dive deeper into Spave’s investment opportunity, navigate over to our investor page