Moocho
Growth Stage
Where Every Payment Is Rewarding
Overview
Raised: $205,871
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/21/2023
Close Date
03/20/2024
Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
Equity - Preferred
Series
Series C
SEC Filing Type
RegCF
Price Per Share
$0.32
Pre-Money Valuation
$56,313,866
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,313
# of Investors
269
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2010
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
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.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$2,489,189 |
$1,709,972 |
|
COGS |
$636,191 |
$487,338 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-6,388,469 |
$-4,244,364 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$81,066 |
$39,862 |
|
Accounts Receivable |
$550,140 |
$276,511 |
|
Total Assets |
$1,019,449 |
$618,183 |
|
Short-Term Debt |
$13,175,353 |
$6,887,346 |
|
Long-Term Debt |
$469,464 |
$569,464 |
|
Total Liabilities |
$13,644,817 |
$7,456,810 |
Financials as of: 12/21/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.