Alma Financial
Early Stage
High yield neo-bank for underbanked users in the US
Overview
Raised: $41,351
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/15/2023
Close Date
05/18/2023
Min. Goal
$10,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$656
# of Investors
84
Momentum
Funded
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Year Founded
2022
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Alma Financial, with a valuation of $15 million, is raising funds on Wefunder. It is a high-yield neo-bank for the underbanked users in the US. The high-yield savings account of Alma Financial aims to help underbanked people to manage their spending and build credit by using a prize-linked business model. Alma Financial is led by an experienced team and aims to launch its MVP in 3-6 months. Agni Bhattacharya founded Alma Financial in June 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for product development, customer acquisition, and paying employee salaries.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$4,604 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-130,302 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,384,189 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,384,569 |
$0 |
|
Short-Term Debt |
$10,710 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$10,710 |
$0 |
Financials as of: 03/15/2023
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