E (EkChat)

Early Stage

The future of social networking, messaging and money

Analytics

Raised to Date: Raised: $52,000

Aggregate Commitments $

Platform

Wefunder

Start Date

06/03/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$20,000,000

Discount Rate

10%

Rolling Commitments $

Status

Active

Reporting Date

12/06/2022

Days Remaining

145

% of Min. Goal

104%

% of Max. Goal

21%

Likelihood of Max
unlikely
Avg. Daily Raise

$280

# of Investors

7

Momentum
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Location

Newark, Delaware

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

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: 06/03/2022
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E (EkChat) on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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