MINWO

MINWO

Early Stage

The community-as-a-service platform for the Black business economy

The community-as-a-service platform for the Black business economy

Overview

Raised this Round: Raised: $56,475

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/22/2022

Close Date

12/09/2022

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,000,000

Discount

20%

Year Founded

2020

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Woodbridge, Virginia

Business Type

High Growth

MINWO, with a valuation of $7 million, is raising funds on Wefunder. The company has created a community-as-a-service platform to prioritize Black business development. The digital ecosystem helps to create generational wealth by scaling Black businesses. It connects businesses to experts, each other, resources, and capital. MINWO has a partnership with an outsourcing company in Nigeria and has four customers onboarding with a strong pipeline. Melanie Akwule founded MINWO in May 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for product development, customer success, and growth marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$23,966

$34,100

COGS

$0

$1,500

Tax

$963

$974

 

 

Net Income

$-178,164

$-10,050

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$-47,190

$-2,972

Accounts Receivable

$550

$550

Total Assets

$-56,673

$-1,937

Short-Term Debt

$6,010

$1,777

Long-Term Debt

$100,000

$0

Total Liabilities

$106,010

$1,777

Financials as of: 05/22/2022
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MINWO on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $7,000,000

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