Engiven
Early Stage
Engiven's enterprise donation platform empowers nonprofit organizations to securely accept and exchange cryptocurrency donations.
Overview
Raised: $0
Total Commitments ($USD)
Platform
SeedInvest
Start Date
08/03/2020
Close Date
09/27/2020
Min. Goal
$25,000
Max. Goal
$1,000,000
Min. Investment
$1,000
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$2.95
Pre-Money Valuation
$5,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/27/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
High
Capital Intensity
Engiven, with a pre-money valuation of $5 million, is raising funds on SeedInvest. The platform empowers nonprofit organizations to receive and exchange cryptocurrency donations. Engiven aims to provide nonprofit organizations access to the financial and strategic benefits of cryptocurrency donations. Engiven was founded by James Lawrence and Matt Hayes in 2018 and has raised over $1.2 million since its founding. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,000,000. The proceeds will be used for sales and marketing, operations, product development, and legal expenses. Engiven is currently being used by over 25 nonprofit beta clients, including two of the largest churches of America. The business is registered with FinCEN as a Money Services Business.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$825 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$682,595 |
$648,700 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$238,277 |
$510,506 |
|
Accounts Receivable |
$7,528 |
$800 |
|
Total Assets |
$251,988 |
$513,517 |
|
Short-Term Debt |
$712,283 |
$561,217 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$712,283 |
$561,217 |
Financials as of: 08/03/2020
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