Kiddie Kredit
Early Stage
Mobile app teaching financial literacy to children
Overview
Raised: $84,616
Total Commitments ($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
Valuation Cap
$6,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/27/2022
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
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: 03/23/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Kiddie Kredit | 07/27/2022 | Wefunder | $6,000,000 | $84,616 | SAFE | Not Funded | RegCF |
| Kiddie Kredit | 09/14/2020 | Microventures | $2,500,000 | $60,451 | Convertible Note | Funded | RegCF |
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