Kiddie Kredit

Kiddie Kredit

Early Stage

Mobile app teaching financial literacy to children

Mobile app teaching financial literacy to children

Overview

Raised to Date: Raised: $84,616

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/22/2022

Close Date

07/27/2022

Min. Goal
$20,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

07/26/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$672

# of Investors

118

Momentum
Not Funded
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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 valuation of $6 million, is raising funds on Wefunder. 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 is working with the philanthropic arm of Equifax, Equifax Foundation, to raise financial awareness, and has generated $175,000 in revenue. Evan Leaphart founded Kiddie Kredit in 2018. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $100,000. The campaign proceeds will be used for software development and business development.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$146,780

$0

COGS

$0

$52

Tax

$6,000

$2,248

 

 

Net Income

$-545,601

$-82,266

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$-197

$3,806

Accounts Receivable

$15,000

$0

Total Assets

$34,803

$3,806

Short-Term Debt

$32,183

$1,085

Long-Term Debt

$0

$0

Total Liabilities

$32,183

$1,085

Financials as of: 03/22/2022
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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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Price per Share History

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

Valuation History

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.

Employee History

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Kiddie Kredit on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

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