Moxey

Moxey

Early Stage

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

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

Overview

Raised to Date: Raised: $154,009

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/27/2022

Close Date

10/31/2022

Min. Goal
$100,011
Max. Goal
$3,499,987
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$16.75

Early Bird Valuation

$13,655,242

Pre-Money Valuation

$15,167,460

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/05/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$558

# of Investors

540

Momentum
Funded
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Year Founded

2010

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Baton Rouge, Louisiana

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: 01/27/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Moxey 10/30/2022 Wefunder $15,167,460 $154,009 Equity - Common Funded RegCF
Moxey 04/29/2021 Wefunder $6,446,785 $660,667 Equity - Common Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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Moxey on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Common
Valuation: $15,167,460
Price per Share: $16.75

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