SangCash

Early Stage
We get venues back on their feet and pay songwriters faster and more money
Overview
Raised: $18,300
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/28/2023
Days Remaining
33
% of Min. Goal
122%
% of Max. Goal
15%
Likelihood of Max
Avg. Daily Raise
$114
# of Investors
25
Momentum
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Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
SangCash, with a valuation of $2.5 million, is raising funds on Wefunder. The company has developed a platform for music venues to save money and for songwriters to get paid faster. The payment platform enables music venues to manage expensive and inefficient licenses, save money, recognize songs and songwriters, and pay out royalties. SangCash has won several awards and has partnered with the National Independent Venue Association. Stephen P DeGrazia founded SangCash in August 2021. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $124,000. The campaign proceeds will be used for partnerships, taxes and administration, and sales and marketing.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$0 |
$0 |
COGS |
$0 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-566 |
$-500 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$4 |
$0 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$4 |
$0 |
Short-Term Debt |
$0 |
$0 |
Long-Term Debt |
$0 |
$0 |
Total Liabilities |
$0 |
$0 |
Financials as of: 10/19/2022
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