Coco Pago

Growth Stage

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

Analytics

Raised to Date: Raised: $157,582

Aggregate Commitments $

Platform

Wefunder

Start Date

10/06/2021

Close Date

10/27/2021

Min. Goal

$50,000

Max. Goal

$700,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$8,000,000

Discount Rate

0%

Rolling Commitments $

Status
Funded
Reporting Date

10/31/2021

Days Remaining
Funded
% of Min. Goal

315%

% of Max. Goal

23%

Likelihood of Max
Funded
Avg. Daily Raise

$7,504

Momentum
Funded
Log in or create a free account today to gain access to KingsCrowd analytics.
Location

Brooklyn, New York

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

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: 10/06/2021
Log in or create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Starter

$8.33 /month
billed annually
Free portfolio tracking. Limited reports and filters.
Plan Includes:
Everything in Free, plus
Advanced company search ( limited filters)
Founder profiles and exclusive webinars
2 Analyst Reports per month
Get Starter Annual

Pro

$25 /month
billed annually
Unlimited analyst reports and market analytics.
Plan Includes:
Everything in Starter, plus
Full access to all Analyst Reports
Filter on Analyst Reports (e.g. Top Deal, Deal to Watch, etc.)
Market Analytics
Get Pro Annual

Merlin

$41.67 /month
billed annually
Full site access including Merlin ratings.
Plan Includes:
Everything in Pro, plus
Search and filter companies by Merlin ratings
Company specific Merlin rating and risk assessment
Get Merlin Annual
Already a member? Log in here.

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

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

Follow company

Follow Coco Pago on Wefunder 2021