Republic Note
Growth Stage
Republic's own digital security: a profit-sharing instrument with finite supply
Overview
Raised: $3,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/05/2023
Days Remaining
Funded
% of Min. Goal
500%
% of Max. Goal
100%
Likelihood of Max
Funded
Avg. Daily Raise
$142,857
# of Investors
1,177
Momentum
Funded
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Year Founded
2019
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Republic Note is raising funds on Republic. It is Republic’s own digital currency used as a profit-sharing instrument with the investors. Republic Note has a finite supply and gives the investors a share in the profit when selected Republic portfolio companies succeed. Whenever a company in which Republic has invested makes an exit, a portion of the cash proceeds accrues to Republic Notes and distributions are made to the note holders when the accrual reaches $2 million. Kendrick Nguyen, Paul Menchov, and Peter Green founded Republic in 2016. The current crowdfunding campaign has a minimum target of $600,000 and a maximum target of $3 million. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$1,629,853 |
$109,520 |
COGS |
$0 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-4,381,248 |
$-11,670,080 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$3,753,009 |
$3,486,798 |
Accounts Receivable |
$309,104 |
$13,236 |
Total Assets |
$13,365,923 |
$7,158,794 |
Short-Term Debt |
$6,660,782 |
$316,937 |
Long-Term Debt |
$0 |
$0 |
Total Liabilities |
$6,660,782 |
$316,937 |
Financials as of: 02/07/2023
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