UKey

UKey

Early Stage

Spend less, unlock more

Spend less, unlock more

Overview

Raised this Round: Raised: $317,651

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/22/2022

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%

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

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.

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

Financials as of: 09/22/2022
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UKey on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

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