BigFNI.com Stock Sale Will Finance Web Site

The BigFNI.com, a Laguna Niguel online credit rating and screening company, said Tuesday that it sold $5 million worth of its common stock in a private placement.

The company will use the net proceeds from the financing to complete work on meshing its credit rating and screening software with the Internet and to launch its Web site.

The BigFNI.com will provide a variety of consumer credit and insurance products to its online customers.