Blu Opportunity

Blu Opportunity

Growth Stage

Disrupting the solar loans market through an innovative lending platform

Disrupting the solar loans market through an innovative lending platform

Overview

Raised this Round: Raised: $271,050

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/17/2024

Close Date

04/29/2024

Min. Goal
$250,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$50,000,000

Valuation Cap

$60,000,000

Discount

0%

Year Founded

2023

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

Berkeley, California

Business Type

High Growth

Blu Opportunity, with a valuation of $60 million, is raising funds on Wefunder. The company has developed an innovative lending platform to disrupt the solar loans market. Blu Opportunity is revolutionizing residential solar financing to deploy more solar faster, and at affordable prices. The platform enables fast approvals and payment disbursements to solar installers to help them scale their business. Jan Rippingale, John Cheney, and Sriram Das founded Blu Opportunity in March 2023. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $5 million. The campaign proceeds will be used for marketing, operating costs, tech development, and an alpha set of loans.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-115,307

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$11,675

$0

Accounts Receivable

$0

$0

Total Assets

$18,070

$0

Short-Term Debt

$113,577

$0

Long-Term Debt

$0

$0

Total Liabilities

$113,577

$0

Financials as of: 01/17/2024
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Blu Opportunity on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $60,000,000

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