PaySoko Systems
Early Stage
Fintech Platform for Payments, Global eCommerce, and Micro-Financing
Overview
$6,100 - RegCF
$406,100 - Total
$406,100 - Total
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/05/2023
Close Date
04/29/2024
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
Active
Reporting Date
09/28/2023
Days Remaining
214
% of Min. Goal
12%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$53
Momentum
Create a free account today to gain access to KingsCrowd analytics.
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: 06/05/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.