Kiddie Kredit

Kiddie Kredit

Early Stage

Mobile app teaching financial literacy to children

Mobile app teaching financial literacy to children

Overview

Raised this Round: Raised: $60,451

Total Commitments ($USD)

Platform

Microventures

Start Date

06/24/2020

Close Date

09/14/2020

Min. Goal
$25,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,500,000

Discount

20%

Year Founded

2018

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Miami, Florida

Business Type

High Growth

Kiddie Kredit, with a $3 million valuation cap, is raising crowdfunding on MicroVentures. The company has launched an app to teach financial literacy to children in a fun and engaging way. The app will allow kids and their parents to use everyday chores as avenues to learn about credit and finance. It assigns Kredit scores to kids based on factors like timeliness of completion of chores and the number of chores completed. Kiddie Kredit was founded by Evan Leaphart in 2018. The current round of crowdfunding has a minimum goal of $25,000 and a maximum goal of $250,000. The proceeds will be used for research and development, future wages, marketing, and general working capital. Kiddie Kredit is working with the philanthropic arm of Equifax, Equifax Foundation, to raise financial awareness. The app aims to make the youth more financially literate and responsible.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 06/24/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Kiddie Kredit 07/26/2022 Wefunder $6,000,000 $84,616 SAFE Not Funded RegCF
Kiddie Kredit 09/13/2020 Microventures $2,500,000 $60,451 Convertible Note Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Kiddie Kredit on MicroVentures
Platform: Microventures
Security Type: Convertible Note
Valuation: $2,500,000

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