Bee (previously Bee Mortgage App)

Early Stage

By Mortgage Pros for Generation Mobile | $3.4 Trillion Market

Analytics

Raised to Date: Raised: $0

Aggregate Commitments $

Platform

Wefunder

Start Date

05/12/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$3,810,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$15,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

05/26/2022

Days Remaining

339

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
cold.svg
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Location

Jacksonville, Florida

Industry

Real Estate & Construction

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

Bee, with a valuation of $15 million, is raising funds on Wefunder. The modern app, backed by a team experienced in lending, blockchain, and mobile application development, manages the entire loan process from start to end over the mobile interface. The patent-pending automation framework of the Bee Mortgage App focuses on decentralized data validation protocols and provides access to home loans 24/7. Curtis Wood, Cynthia Wood, Kristin Scheurer, Holly Davis, Matt Offers, Munir Valiani, Suzanne Bearry, David Braun, and Dwight Skyers founded Bee in 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $3,810,000. The campaign proceeds will be used for product development, advertising, operations, and hiring.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$-2,510

$12,500

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,092,224

$-374,690

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$493,407

$111,671

Accounts Receivable

$0

$0

Total Assets

$543,407

$212,371

Short-Term Debt

$21,668

$4,489

Long-Term Debt

$1,686,723

$285,522

Total Liabilities

$1,708,391

$290,011

Financials as of: 05/12/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Bee (previously Bee Mortgage App) 04/30/2023 Wefunder $15,000,000 $0 SAFE Active RegCF
Bee Mortgage App 09/30/2021 Wefunder $12,000,000 $1,180,742 SAFE Funded RegCF
Bee Mortgage App 11/18/2020 Fundopolis $5,000,000 $298,450 Equity - Common Funded RegCF
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Bee on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000
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