Moxey
Proprietary FinTech that Helps Local Economies Grow and Small Businesses Thrive Share
Analytics
Raised: $399,903
Aggregate Commitments $
Platform
Wefunder
Start Date
01/28/2022
Close Date
05/01/2023
Min. Goal
$100,011
Max. Goal
$3,499,987
Min. Investment
$100
Security Type
Equity - Common
Funding Type
RegCF
Series
Seed
Price Per Share
$16.75
Pre-Money Valuation
$15,167,460
Rolling Commitments $
Status
Active
Reporting Date
06/25/2022
Days Remaining
310
% of Min. Goal
400%
% of Max. Goal
11%
Likelihood of Max
Avg. Daily Raise
$2,702
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Location
Baton Rouge, Louisiana
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Moxey, with a valuation of $15.2 million, is raising funds on Wefunder. It is an innovative financial technology company that gives small business owners access to an interest-free line of credit. The platform has a unique ability to manage credit allocation inside the network. Moxey’s product is already used by over 4,000 businesses in 16 cities across four states in the US and has reported a 500% monthly revenue growth since its last raise. Charlie Davis and Chip Davis founded Moxey in 2010. The current crowdfunding campaign has a minimum target of $100,011 and a maximum target of $3,499,987. The campaign proceeds will be used for sales and marketing of new Moxey communities and the development of new app features.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$235,889 |
$263,972 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-223,750 |
$-470,200 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$24,148 |
$15,445 |
|
Accounts Receivable |
$11,226 |
$11,843 |
|
Total Assets |
$232,331 |
$228,264 |
|
Short-Term Debt |
$114,582 |
$62,231 |
|
Long-Term Debt |
$1,158,466 |
$1,028,008 |
|
Total Liabilities |
$1,273,048 |
$1,090,239 |
Financials as of: 01/28/2022
Create a free account today to gain access to KingsCrowd analytics.
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Ratings 
