Kachinga

Kachinga

Closed: Apr. 2022

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.

Expand

Investment Overview

Invested this round: $217,211

Deal Terms

Total Commitments ($USD)

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

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$6,000,000

Valuation Cap

$7,500,000

Discount

20%

Company & Team

Company

Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
San Francisco, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
Yes
Founder Name
Paul Lee
Title
Co-Founder & Chief Architect
Founder Name
John Zdanowski
Title
Co-Founder & CFO
Founder Name
John Mclntyre
Title
Co-Founder & Chairman

Financials

 Revenue
$4,032
 Monthly Burn
$23,616
 Runway
3.5 months

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

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

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
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Kachinga on Wefunder 2021
Platform: Wefunder
Security Type: Convertible Note
Valuation: $7,500,000

Follow company

Follow Kachinga on Wefunder 2021

Buy Kachinga's Deal Report

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

Kachinga Deal Report

Get Kingscrowd's comprehensive report on Kachinga including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Kachinga is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Kachinga deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge