UKey

UKey

Closed: Mar. 2023

About this raise

UKey, with a valuation of $8 million, is raising funds on Wefunder. The company has developed an AI-driven and scalable micropayments platform. The patent-pending technology of UKey enables super low transaction fees, which unlock micropayments at scale and help merchants maximize their revenue. The platform also enables consumers to spend less and unlock more. Uday Chandra and Sumesh Poduval founded UKey in July 2022. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $800,000. The campaign proceeds will be used for research and development, go-to-market, and operations.

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Investment Overview

Invested this round: $317,651

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
09/23/2022
Close Date
03/31/2023
Min. Goal
$75,000
Max Goal
$800,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$8,000,000

Discount

0%

Company & Team

Company

Year Founded
2022
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Location
Allen, Texas
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Uday Chandra
Title
CEO
Founder Name
Sumesh Poduval
Title
CTO

Financials

 Revenue
$0
 Monthly Burn
$77
 Runway
1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-924

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$80

$0

Accounts Receivable

$0

$0

Total Assets

$80

$0

Short-Term Debt

$924

$0

Long-Term Debt

$0

$0

Total Liabilities

$924

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$374
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/31/2023 Wefunder $8,000,000 $317,651 SAFE Funded RegCF
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Add to portfolio
UKey on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

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Follow UKey on Wefunder 2022

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Warning: according to the close date for this deal, UKey may no longer be accepting investments.

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