Moxey

Early Stage

Proprietary FinTech that Helps Local Economies Grow and Small Businesses Thrive Share

Analytics

Raised to Date: 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
unlikely
Avg. Daily Raise

$2,702

Momentum
cold.svg
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Location

Baton Rouge, Louisiana

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

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
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Moxey 05/01/2023 Wefunder $15,167,460 $399,903 Equity - Common Active RegCF
Moxey 04/30/2021 Wefunder $6,446,785 $660,667 Equity - Common Funded RegCF
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Moxey on Wefunder 2022
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Platform: Wefunder
Security Type: Equity - Common
Valuation: $15,167,460
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