E (EkChat)
About this raise
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.
Investment Overview
Not Funded: $25,550
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $892,242
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/30/2023 | Wefunder | $20,000,000 | $25,550 | SAFE | Not Funded | RegCF |