Monetran (2021)

Monetran (2021)

About this raise

Monetran, with a post-money valuation of $1.9 million, is raising funds on NetCapital. The company has combined cryptocurrency and blockchain technology to enable funds transfer and remittances, economically and faster. The system is expected to cost 70% less than traditional money transfers and reduce the delivery time from days to 3-5 seconds. Monetran was founded by Don Bielak in 2018. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $250,000, and the proceeds will be used for marketing, the backing of Moneda tokens, maintenance of system, expansion of team, completion and upgradation of the app, and compensation for team members. Monetran has also developed an asset-backed and redeemable token, Moneda, to function as the medium of exchange.

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Investment Overview

Invested this round: $250,000

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
06/05/2020
Close Date
02/19/2021
Min. Goal
$10,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Equity - Tokens

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.25

Pre-Money Valuation

$1,709,956

Company & Team

Company

Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Hockessin, Delaware
Business Type
High Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Don Bielak
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$3,617
 Runway
14.6 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-43,404

$-10,963

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$52,686

$5,982

Accounts Receivable

$0

$0

Total Assets

$58,416

$23,733

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/19/2021 Netcapital $1,709,956 $250,000 Equity - Tokens Funded RegCF
10/31/2019 StartEngine $1,100,000 $106,999 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Monetran on NetCapital
Platform: Netcapital
Security Type: Equity - Tokens
Valuation: $1,709,956
Price per Share: $1.25

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