Global Data Consortium, a Raleigh-based electronic identity verification company, has raised $100,000 by selling debt.

The company filed the Form D on Wednesday. The filing did not disclose how the company intends to use the money.

Global Data Consortium was founded in 2010 and provides electronic verification technology to clients in 50 countries. These clients include online gaming platforms, eCommerce systems and government organizations.

Bill Spruill and Charles Gaddy are the founders of Global Data Consortium. They both have over 15 years of experience in the industry.

Spruill is the former chief operating officer at AddressDoctor, an address verification technology company. He was named by One World Identity as one of the Top 100 Influences in Identity in 2018.

Gaddy is the former business development manager at Melissa Data, a data management company.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.

The form can be found here.