Koi

Koi

Early Stage

Ebay for bank loans

Ebay for bank loans

Overview

Raised to Date: Raised: $46,500

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

Active

Reporting Date

04/17/2024

Days Remaining

102

% of Min. Goal

93%

% of Max. Goal

38%

Likelihood of Max
extremely
Avg. Daily Raise

$2,735

Momentum
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
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
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Koi on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

Follow company

Follow Koi on Wefunder 2024

Buy Koi's Deal Report

Koi Deal Report

Get KingsCrowd’s comprehensive report on Koi including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Koi is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Koi deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge