FAMA Cash

FAMA Cash

Early Stage

Digital Payments Platform

Digital Payments Platform

Overview

Raised this Round: Raised: $29,361

Platform

StartEngine

Start Date

06/29/2017

Close Date

12/27/2017

Min. Goal
$10,000
Max. Goal
$1,000,000
Min. Investment

$500

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$16,371,666

Year Founded

2015

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Location

Alpharetta, Georgia

FAMA Cash, with a valuation of $16.4 million, is raising funds on StartEngine. The company has developed an app and website for users to send money, gift cards, airtime, and deals. FAMA Cash is a digital payments marketplace that offers both merchants and consumers a full range of solutions for their payment and marketing needs. Dr. Saiful Khandaker founded FAMA Cash in July 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1 million. The campaign proceeds will be used for R&D, production, marketing, working capital, legal fees, and an MSB license.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$0

$0

COGS

$635,732

$276,138

Tax

$0

$0

 

 

Net Income

$-636,241

$-276,138

Summary Balance Sheet

FY 2016 FY 2015

Cash

$947

$2,219

Accounts Receivable

$0

$0

Total Assets

$1,937

$2,219

Short-Term Debt

$0

$0

Long-Term Debt

$74,485

$8,697

Total Liabilities

$74,485

$8,697

Financials as of: 06/29/2017
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FAMA Cash on StartEngine 2017
Platform: StartEngine
Security Type: Equity - Common
Valuation: $16,371,666
Price per Share: $1.00

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

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