Marshawn Govan, owner of Fresno fintech company MKGEnterprises , is nearing final approvals for a $75 million capital raise with the U.S. Securities and Exchange Commission. Photo illustration by Cecilia Lopez

Fresno-based fintech company MKG Enterprises Corp. is taking steps toward major growth, recently completing an independent financial audit and now preparing to raise money from investors through a securities offering registered with federal regulators.

With completion of its audit by the Public Company Accounting Oversight Board (PCAOB) — a nonprofit that oversees audits of public companies — a launch is near for a Regulation A+ Tier Two offering with the U.S. Securities and Exchange Commission.

The move will allow the company to raise up to $75 million to help growth across its mortgage, tax, insurance and fintech operations while maintaining transparency and regulatory oversight.

The Fresno-based financial technology company said its offering circular is currently under review with legal counsel, which has issued a legal opinion consenting to the planned offering. They intend to continue once the filing is qualified by the SEC.

MKG Enterprises plans to use proceeds from the Regulation A+ offering to support its fintech development, mortgage lending and tax preparation and consulting operations.

“Completing the PCAOB audit and legal review moves us closer to our next phase of growth,” said Marshawn Govan, director of MKG Enterprises. “The Regulation A+ structure allows us to raise capital while maintaining transparency and regulatory oversight.”

Regulation A+ was established under the federal JOBS(Jumpstart Our Business Startups) Act of 2012 to help smaller and growing companies access capital markets. Companies can choose between Tier One and Tier Two offerings.

Tier Two allows companies to raise up to $75 million yearly and preempts state-by-state securities registration requirements, which allows offerings to be made across the country.

Govan said MKG chose a Tier Two offering because it provides better opportunities for access to investors while reducing regulatory complexity at the state level.

MKG Enterprises operates across multiple financial services sectors, including mortgage brokering, residential and commercial lending, tax preparation, insurance services and fintech software development. The company launched a hybrid mobile app in 2021 designed to integrate tax, insurance and financial services into a single platform.

As a mortgage broker, MKG focuses on community-based lending and alternative underwriting approaches that consider additional financial data beyond traditional credit scores. The company also offers tax-related financial products, including tax advance loans that are repaid through tax refunds rather than monthly income, a structure that Govan said helps reduce debt burden for borrowers.

Looking ahead, MKG hopes to expand its market presence in the Central Valley and eventually position itself as a long-term financial services provider for local residents and small businesses.

“I want us to have more of a household name and become a go-to,” Govan said. “What sets us apart is that we look at our clients’ unique situations and we’re building relationships, and with those long term relationships, we’re fostering growth here in the Central Valley.”

Govan also noted transparency and regulatory compliance as central to the company’s strategy, particularly in light of past high-profile business failures in the region, highlighting the collapse Bitwise.

“We believe following proper regulatory processes, including audited financials and SEC review, helps restore confidence among investors and the community,” he said.