Koi

Koi

Early Stage

Ebay for bank loans

Ebay for bank loans

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/31/2024

Close Date

07/29/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

04/22/2024

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

$0

Momentum
Not Funded
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Year Founded

2014

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Location

Charlotte, North Carolina

Koi, with a valuation of $6 million, is raising funds on Wefunder. The company has developed a secondary loan marketplace to increase investment in underserved communities. Koi enables streamlined listing, matching, and efficient transactions at scale, enhances access to capital for borrowers, enables greater returns for loan originators, and helps increase investments in LMI communities. The platform plans to make money in the form of fees from investors and originators and later move to a subscription model for services standardizing diligence data. Christien Williams and Gavin Lifrieri founded Koi in January 2024. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for legal expenses, including vendor contracts and purchase agreement contracts.

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2024 FY 2023

Cash

$20,000

$0

Accounts Receivable

$0

$0

Total Assets

$23,158

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 03/31/2024
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Koi on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

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