Accrew
Early Stage
The member-owned mobile bank, empowering users as shareholders
Overview
Raised: $89,530
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/07/2022
Close Date
11/01/2022
Min. Goal
$50,000
Max. Goal
$150,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$1,250,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$433
# of Investors
75
Momentum
Funded
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Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Accrew, with a valuation of $1.25 million, is raising funds on Wefunder. It is a profit-sharing and member-owned mobile bank. The platform has several innovative and useful features, including crypto-equity rewards, transfers between accounts, and charity features. It is based on decentralised finance and blockchain and plans to reach 5,000 users after the first year. Aj Montgomery founded Accrew in September 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $150,000. The campaign proceeds will be used for platform development, setting up the bank sponsorship and payment processor, and building the app with LoadSys.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-924 |
$-3,748 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$8,200 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$8,200 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 04/07/2022
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