Coco Pago

Coco Pago

Growth Stage

Send money back home in seconds via stablecoin just using your smartphone

Send money back home in seconds via stablecoin just using your smartphone

Overview

Raised to Date: Raised: $157,582

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/05/2021

Close Date

10/27/2021

Min. Goal
$50,000
Max. Goal
$700,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$8,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$7,504

# of Investors

268

Momentum
Funded
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Year Founded

2019

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Brooklyn, New York

Business Type

Growth

Coco Pago, with a valuation of $8 million, is raising funds on Wefunder. The company has developed a platform that makes remittances and sending money convenient and fast. The platform, PagO, allows migrants to send money back home in seconds via stablecoin. The families in Latin America can download the app, send and receive money in seconds with phone numbers, and pay for goods and services. Coco Pago has generated $17 million in revenue to date. Kevin Charles, Victor Charles, and Francisco Martin founded Coco Pago in January 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $700,000. The campaign proceeds will be used for hiring engineers and marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$7,301,814

$654,559

COGS

$2,882,476

$307,294

Tax

$1,817

$0

 

 

Net Income

$107,791

$-183,999

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$378,743

$172,684

Accounts Receivable

$0

$0

Total Assets

$491,575

$190,689

Short-Term Debt

$238

$4,628

Long-Term Debt

$567,465

$369,980

Total Liabilities

$567,703

$374,608

Financials as of: 10/05/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Coco Pago 01/22/2024 Wefunder $10,000,000 $519,039 SAFE Funded RegCF
Coco Pago 04/29/2022 Wefunder $12,000,000 $218,002 SAFE Funded RegCF
Coco Pago 10/26/2021 Wefunder $8,000,000 $157,582 SAFE Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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Coco Pago on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

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