UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

         Date of report (Date of earliest event reported) July 29, 2008
                                                          ----------------------

                               Finotec Group, Inc.
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               (Exact Name of Registrant as Specified in Charter)


           Nevada                                              76-0251547
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(State or Other Jurisdiction                                 (IRS Employer
       Incorporation)                                     Identification No.)


228 East 45th Street, Suite 1801, New York NY                          10017
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   (Address of Principal Executive Offices)                          (Zip Code)


    Registrant's telephone number, including area code
                                                      --------------------------

                                       N/A
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          (Former Name or Former Address, if Changed Since Last Report)

ITEM 3.02.  Unregistered sales of equity securities.

Private Placement.

        On July 29, 2008, the Company entered into definitive agreements for the
sale of 3,333,333 shares of Common Stock (the "Common Stock") at a price of
$0.30 per share for a total of $1 million. As a part of the transaction, the
Company agreed to issue accompanying warrants (the "Investor Warrants") to
purchase an aggregate of 1,428,571 shares of Common Stock at an exercise price
of $0.70 per share. The shares of Common Stock sold in the private placement
offering have not been registered under the Act and may not be offered or sold
absent registration or an applicable exemption from such registration
requirements. The transaction closed on July 31, 2008. The summary description
of the financing described above does not purport to be complete and is
qualified in its entirety by reference to the Stock Purchase Agreement.



SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



Date:  August 1, 2008                             Finotec Group, Inc.


                                                  By:  /s/ Didier Essemini
                                                  ------------------------
                                                  Name: Didier Essemini
                                                  Title: President