Kachinga
About this raise
Kachinga, with a valuation of $7.5 million, is raising funds on Wefunder. The company has developed a platform to help parents bring financial literacy to the next generation. Kachinga provides a chore, savings, and allowance management app for kids, a debit card with parental controls, and personalized guidance to parents. Kachinga has demonstrated a 10% average monthly organic growth since January 2021 and is expected to become cash flow positive in less than two years. John McIntyre founded Kachinga in June 2018. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $1,000,000. The campaign proceeds will be used for advertising, product development, marketing, and hosting and other costs.
Investment Overview
Invested $217,211 :
Deal Terms
Company & Team
Company
- Year Founded
- 2018
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
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Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/30/2022 | Wefunder | $7,500,000 | $217,211 | Convertible Note | Funded | RegCF |