E (EkChat)

E (EkChat)

Early Stage

The future of social networking, messaging and money

The future of social networking, messaging and money

Overview

Raised this Round: Raised: $25,550

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/02/2022

Close Date

04/30/2023

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$18,000,000

Valuation Cap

$20,000,000

Discount

10%

Year Founded

2019

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Newark, Delaware

Business Type

High Growth

E, with a valuation of $20 million, is raising funds on Wefunder. It is a social network with a built-in messaging platform and a universal payments system. The platform has everything one would expect in a social network, including feed, photos, videos, stories, celebrities, and brands, along with a messaging platform EkChat, and a payments system EkPay. E is available in 190 countries on Apple AppStore and Google Play Store. Ali Salamat founded E in April 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for product development, new user onboarding, marketing, licensing fees for Wallet, hiring, and user acquisition expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$11,586

$137

Accounts Receivable

$0

$0

Total Assets

$892,322

$826,568

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 06/02/2022
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E (EkChat) on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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