Overview
Platform
Mundial Financial Group
Start Date
10/04/2023
Close Date
04/29/2024
Min. Goal
$200,000
Max. Goal
$5,000,000
Min. Investment
$500
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$20.00
Pre-Money Valuation
$144,789,360
Year Founded
2018
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
RedSwan CRE is raising funds on Mundial Financial Group. It is a blockchain-powered commercial real estate marketplace that allows investors to invest in off-market commercial real estate properties. RedSwan CRE makes commercial real estate investing more affordable and liquid through digital asset CRE tokens. The platform is led by an experienced team and has already tokenized over $2 billion worth of commercial real estate properties. Edward Nwokedi, Roy Malkin, and Don Oparah founded RedSwan CRE in February 2018. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $5 million. The campaign proceeds will be used for team development, marketing, business development, proprietary technology, and legal and administrative expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$260,813 |
$709,870 |
|
COGS |
$91,364 |
$39,828 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-728,020 |
$200,024 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$824,470 |
$834,768 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,108,702 |
$883,512 |
|
Short-Term Debt |
$83,697 |
$44,205 |
|
Long-Term Debt |
$52,951 |
$55,035 |
|
Total Liabilities |
$136,648 |
$99,240 |
Financials as of: 10/04/2023
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