Kachinga

Kachinga

Early Stage

Helping parents raise financially smart kids!

Helping parents raise financially smart kids!

Overview

Raised to Date: Raised: $217,211

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/16/2020

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%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$411

# of Investors

56

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
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

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: 11/16/2020
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /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
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