Moy Bien Tea
Mother-daughter organic loose leaf tea blend.
Overview
Raised: $20,500
Total Commitments ($USD)
Platform
Honeycomb
Start Date
12/21/2022
Close Date
02/10/2023
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
Funding Type
RegCF
Interest Rate
13.75%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/01/2023
Days Remaining
9
% of Min. Goal
82%
% of Max. Goal
41%
Likelihood of Max
Avg. Daily Raise
$488
# of Investors
20
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Location
Philadelphia, Pennsylvania
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Moy Bien is raising funds on Honeycomb. It is a mother-daughter organic loose leaf tea blend company based in North Philadelphia. Moy Bien has developed a line of herbal teas that are not only good for you but also inspire communities to come together. As part of their mission, Moy Bien donates 5% of their profits to non-profit organizations focused on making a difference. Faybein Moy and daughter Jasmin-Ayana Moy founded Moy Bien in 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for purchasing more inventory of our herbal, loose leaf teas.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$2,114 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$56 |
$0 |
|
Accounts Receivable |
$1,788 |
$0 |
|
Total Assets |
$1,897 |
$0 |
|
Short-Term Debt |
$771 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$771 |
$0 |
Financials as of: 12/21/2022
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.