SOMA Finance
Growth Stage
A Safer Way to DeFi
Overview
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
Price Per Share
$2.50
Pre-Money Valuation
$155,555,554
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,985
Momentum
Funded
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Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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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