Nyoobe

Nyoobe

Early Stage

With Nyoobe, any person can refer any product or service, anywhere in the world

With Nyoobe, any person can refer any product or service, anywhere in the world

Overview

Raised to Date: Raised: $23,583

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/02/2020

Close Date

10/29/2020

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$12,000,000

Discount

25%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

10/31/2020

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$198

# of Investors

34

Momentum
Not Funded
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Year Founded

2017

Industry

Marketing & Advertising

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Jacksonville, Florida

Business Type

Growth

Nyoobe, with a valuation cap of $12.5 million, is raising crowdfunding on Wefunder. It is a mobile app that allows businesses to advertise their products without paying any upfront fees. The members of Nyoobe earn cash for referring products and services anywhere in the world. It helps businesses generate word-of-mouth sales while benefitting the users financially. Nyoobe was founded by Derek Tippins, Michael Lee, and Kevin Thigpen in 2017 and has raised over $500,000 since its inception. The current crowdfunding campaign has a minimum goal of $50,000 and a maximum goal of $1,070,000. The funds will be used for marketing and advertising and technology development. Nyoobe is already available on Google Play and App Store and will be available in nine countries in 2021.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-26,704

$-69,726

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$13,519

$-18,784

Accounts Receivable

$0

$0

Total Assets

$360,394

$172,535

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 07/02/2020
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Nyoobe on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000

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