SOMA Finance

SOMA Finance

Growth Stage

A Safer Way to DeFi

A Safer Way to DeFi

Overview

Raised this Round: Raised: $204,413

Total Commitments ($USD)

Platform

Akemona

Start Date

01/17/2024

Close Date

04/30/2024

Min. Goal
$15,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$155,555,554

Year Founded

2021

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

New Canaan, Connecticut

Business Type

High Growth

SOMA Finance, with a valuation of $155.6 million, is raising funds on Akemona. The company is building the technology and systems required for a platform to issue, purchase, and sell securities utilizing distributed ledger technology. SOMA Finance is a decentralized web-based platform that uses peer-to-peer marketplace technology to provide ease of use and accessibility. The platform is bringing DeFi to TradFi along with the safety and security of a regulated peer-to-peer platform. William Heyn founded SOMA Finance in October 2021. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $5 million. The campaign proceeds will be used for professional fees, service fees, software fees, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$572

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-6,195,514

$-210,950

Summary Balance Sheet

FY 2022 FY 2021

Cash

$3,596,657

$854,150

Accounts Receivable

$0

$0

Total Assets

$5,274,964

$854,150

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 01/17/2024
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SOMA Finance on Akemona 2024
Platform: Akemona
Security Type: Equity - Preferred
Valuation: $155,555,554
Price per Share: $2.50

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