PaySoko Systems
Early Stage
Fintech Platform for Payments, Global eCommerce, and Micro-Financing
Overview
Raised: $6,100
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/04/2023
Close Date
10/25/2023
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Early Bird Val. Cap
$5,000,000
Valuation Cap
$6,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
10/25/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$43
Momentum
Not Funded
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Year Founded
2022
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
PaySoko Systems, with a valuation of $6 million, is raising funds on Wefunder. The company has developed a fintech platform for payments, global e-commerce, and micro-financing. The solutions offered by the platform are targeted for African businesses and include payment links, split payments, eBusiness microservices, peer-to-peer lending, group credit pool lending, and crypto lending. Moses Kusasira founded PaySoko Systems in October 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for licensing and operations, sales and marketing, and product development.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$308 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-65,862 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$371,891 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$400,138 |
$0 |
|
Short-Term Debt |
$21,000 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$21,000 |
$0 |
Financials as of: 06/04/2023
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