Aladdin

Early Stage

Africa's 1st ecosystem bank

Analytics

Raised to Date: Raised: $181,141

Aggregate Commitments $

Platform

Wefunder

Start Date

01/24/2022

Close Date

05/27/2022

Min. Goal

$150,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$9,000,000

Discount Rate

10%

Rolling Commitments $

Status
Funded
Reporting Date

05/31/2022

Days Remaining
Funded
% of Min. Goal

121%

% of Max. Goal

18%

Likelihood of Max
Funded
Avg. Daily Raise

$1,473

Momentum
Funded
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Location

Wilmington, Delaware

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Aladdin, with a valuation of $9 million, is raising funds on Wefunder. It is Africa’s first ecosystem bank for freelancers and small business owners. The Aladdin app helps support the daily hustle of freelancers, individuals, and small business owners and gives them the financial tools they need. The app also aggregates all the solutions that individuals and SMEs need with its APIs, SDKs, and mini-programs via partnerships. Aladdin has over 40,000 users and has been revenue positive in its first six months. Darlington Onyeagoro founded Aladdin in November 2021. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1,000,000. The campaign proceeds will be used for marketing, operational expenses, work infrastructure, and platform expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$143,071

$0

COGS

$20,963

$0

Tax

$0

$0

 

 

Net Income

$-16,854

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$15,508

$0

Accounts Receivable

$52,141

$0

Total Assets

$307,776

$0

Short-Term Debt

$122,453

$0

Long-Term Debt

$0

$0

Total Liabilities

$122,453

$0

Financials as of: 01/24/2022
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Aladdin on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $9,000,000

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