Moxey
Proprietary FinTech that Helps Local Economies Grow and Small Businesses Thrive Share
Overview
Raised: $660,667
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/11/2021
Close Date
04/30/2021
Min. Goal
$50,000
Max. Goal
$1,069,999
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$8.35
Early Bird Valuation
$5,807,263
Pre-Money Valuation
$6,446,785
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/02/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$13,213
# of Investors
387
Momentum
Funded
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Year Founded
2010
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Moxey, with a pre-money valuation of $6.45 million, is raising crowdfunding 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. Charlie Davis and Chip Davis founded Moxey in 2010. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $1,069,999, will be used for sales and marketing of new Moxey communities and the development of new app features. Moxey’s product is already used by over 4,000 businesses in 16 cities across four states in the US.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$233,439 |
$174,085 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-473,172 |
$-473,166 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$15,446 |
$4,794 |
|
Accounts Receivable |
$11,843 |
$50 |
|
Total Assets |
$228,266 |
$65,524 |
|
Short-Term Debt |
$1,091,114 |
$465,673 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$1,091,114 |
$465,673 |
Financials as of: 03/11/2021
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