Kiddie Kredit

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $84,616

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
03/23/2022
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%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Evan Leaphart
Title
CEO

Financials

 Revenue
$146,780
 Monthly Burn
$45,467
 Runway
0 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/27/2022 Wefunder $6,000,000 $84,616 SAFE Not Funded RegCF
09/14/2020 Microventures $2,500,000 $60,451 Convertible Note Funded RegCF
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Growth Charts

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

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