Kassumay
Prepared Foods
Overview
Raised: $2,800
Total Commitments ($USD)
Platform
Honeycomb
Start Date
03/27/2023
Close Date
04/27/2023
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
13.50%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/27/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$93
# of Investors
9
Momentum
Not Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Kassumay is raising funds on Honeycomb. The business makes West African-inspired fruit spreads, jams, and sparkling drinks. The food products of Kassumay are made using the distinct flavor of the hibiscus flower from Senegal and sold directly to the consumers. Kassumay products are made using 100% natural ingredients, traditional Senegalese recipes, and modern processes. Bacary Diatta founded Kassumay in September 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for canning inventory, hibiscus flower imports, ingredient inventory, website redesign, and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$83,101 |
$42,623 |
|
COGS |
$27,936 |
$35,354 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$2,837 |
$-53,229 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$5,843 |
$7,856 |
|
Accounts Receivable |
$379 |
$0 |
|
Total Assets |
$4,722 |
$7,856 |
|
Short-Term Debt |
$291 |
$3,548 |
|
Long-Term Debt |
$-12,601 |
$90,186 |
|
Total Liabilities |
$-12,310 |
$93,734 |
Financials as of: 03/27/2023
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