Bee (previously Bee Mortgage App)

Bee (previously Bee Mortgage App)

Early Stage

By Mortgage Pros for Generation Mobile | $3.4 Trillion Market

By Mortgage Pros for Generation Mobile | $3.4 Trillion Market

Overview

Raised this Round: Raised: $490,500

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/11/2022

Close Date

08/19/2022

Min. Goal
$50,000
Max. Goal
$3,810,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

20%

Year Founded

2019

Industry

Real Estate & Construction

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Jacksonville, Florida

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: 05/11/2022
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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) 10/30/2024 Wefunder $7,500,000 $69,574 SAFE Active RegCF
Bee (previously Bee Mortgage App) 08/18/2022 Wefunder $15,000,000 $490,500 SAFE Funded RegCF
Bee Mortgage App 09/29/2021 Wefunder $12,000,000 $1,180,742 SAFE Funded RegCF
Bee Mortgage App 11/17/2020 Fundopolis $5,000,000 $298,450 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Bee on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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