Perhaps they don't want the US-bound money transfer to relate to their Cayman entity. I wouldn't worry about the source of the money and whatnot. Asking for tha

Perhaps they don't want the US-bound money transfer to relate to their Cayman entity. I wouldn't worry about the source of the money and whatnot. Asking for that kind of a concession shows they're not a sophisticated startup investor. And have little respect for the founders especially given the lack of a reasonable explanation. Don't want that kind of people on board. Hey, unless the venture you're doing is a startup incubator and they're giving you 1B$+ to invest in other companies, in which case they would indeed be sophisticated ;--)