Magic Passport Limited
An iconic African classic, as an animated film
Overview
Raised: $32,520
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/19/2024
Close Date
04/30/2025
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.15X
Profit Share %
25.00%
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/06/2024
Days Remaining
358
% of Min. Goal
65%
% of Max. Goal
7%
Likelihood of Max
Avg. Daily Raise
$422
Momentum
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Year Founded
2024
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Magic Passport Limited is raising funds on Wefunder. The company is producing the film The Passport of Mallam Ilia, an Africa-themed anime-style 2D animation. The Passport of Mallam Ilia is an adaptation of the widely cherished African classic by Cyprian Ekwensi and is the intersection of African storytelling with African sound, music, art, and culture. The film is almost 75% complete and is planned to be sold in five major markets. Ferdinand Ladi Adimefe founded Magic Passport Limited in January 2024. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for hiring, operations, PR, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 02/19/2024
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