Coign

Coign

[Closed for Investment] Coign, with a valuation of $105 million, is raising funds on Republic. It is a seasoned credit card company transforming the financial services market. Coign offers unlimited 1% cash back rewards on eligible purchases and offers world-class credit protection and VISA network coverage. The company has had a total customer spend of over $148 million and has been featured on The Daily Wire, Fox News, Dan Bongino, Glenn Beck, and Sean Hannity. Coign is America's first credit card built by Conservatives for Conservatives. Rob Collins founded Coign in August 2020. The current crowdfunding campaign has a minimum target of $50,002.05 and a maximum target of $4.99 million. The campaign proceeds will be used for operating expenses and growth capital.

Expand

Investment Overview

Raised this Round: Raised: $2,301,067

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
09/18/2024
Close Date
11/15/2024
Min. Goal
$50,002
Max. Goal
$4,999,999
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$7.35

Pre-Money Valuation

$105,000,000

Company & Team

Company

Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Location
Mclean, Virginia
Business Type
High Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Rob Collins
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue +2,528% YoY
$1,619,850
 Monthly Burn
$710,737
 Runway
8.9 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,619,850

$61,628

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-8,528,847

$-4,329,443

Summary Balance Sheet

FY 2023 FY 2022

Cash

$6,293,179

$12,208,991

Accounts Receivable

$10,866,874

$2,152,830

Total Assets

$21,070,525

$16,785,444

Short-Term Debt

$14,739,193

$5,426,701

Long-Term Debt

$0

$0

Total Liabilities

$14,739,193

$5,426,701

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$41,999,999
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/15/2024 Republic $105,000,000 $2,301,067 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Coign on Republic 2024
Platform: Republic
Security Type: Equity - Common
Valuation: $105,000,000
Price per Share: $7.35

Follow company

Follow Coign on Republic 2024

Buy Coign's Deal Report

Warning: according to the close date for this deal, Coign may no longer be accepting investments.

Coign Deal Report

Get Kingscrowd's comprehensive report on Coign including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Coign is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Coign deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge