MINWO
Early Stage
The community-as-a-service platform for the Black business economy
Overview
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
Valuation Cap
$7,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$282
# of Investors
61
Momentum
Funded
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Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
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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