Moocho
About this raise
Moocho, with a valuation of $56.3 million, is raising funds on StartEngine. The company has developed an easy-to-use mobile payment and rewards platform. Moocho empowers shoppers to pay with their phones, get discounts, and earn rewards from a number of retailers. The platform is a win-win for both shoppers and retailers, with over 6% average payback and 5% instant cashback. Matthew Levenson founded Moocho in December 2010. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing and research and development.
Investment Overview
Invested : $205,871
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 12/22/2023
- Close Date
- 03/20/2024
$10,000
$1,235,000
$250
Equity - Preferred
Growth Stage
RegCF
$0.32
$56,313,866
Company & Team
Company
- Year Founded
- 2010
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +46% YoY
-
$2,489,189
as of FY2022
- Monthly Burn
-
$250,000
as of FY2022
-
Runway
-
0.8 months
as of
- Gross Margin
-
74%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $18,000,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/20/2024 | StartEngine | $56,313,866 | $205,871 | Equity - Preferred | Funded | RegCF |