Kachinga

Early Stage

Helping parents raise financially smart kids!

Analytics

Raised to Date: Raised: $110,333

Aggregate Commitments $

Platform

Wefunder

Start Date

11/17/2020

Close Date

04/30/2022

Min. Goal

$200,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$7,500,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

09/19/2021

Days Remaining

223

% of Min. Goal

55%

% of Max. Goal

11%

Likelihood of Max
unlikely
Avg. Daily Raise

$361

Momentum
cold
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Location

San Francisco, California

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$4,032

$0

COGS

$22,772

$0

Tax

$800

$0

 

 

Net Income

$-283,397

$-249,430

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$83,211

$3,954

Accounts Receivable

$0

$0

Total Assets

$1,187,715

$1,125,066

Short-Term Debt

$322,431

$127,498

Long-Term Debt

$481,722

$330,829

Total Liabilities

$804,153

$458,327

Financials as of: 11/17/2020
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