Viva
Early Stage
Growing returns for landlords, wealth for renters
Overview
Raised: $70,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/20/2024
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$1,000
Security Type
Equity - Preferred
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$0.64
Pre-Money Valuation
$8,000,000
Rolling Commitments ($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
$1,029
# of Investors
52
Momentum
Funded
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Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Viva, with a valuation of $8 million, is raising funds on Wefunder. The company has developed an app that helps renters earn cash back on rent to save, invest, and pursue their financial goals. Viva enables landlords and renters to build wealth side by side by letting landlords use Viva rewards to boost profits by 9%. Michael Barnes founded Viva in January 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for increased engineering capacity, demand generation, and transitioning from contract support for key roles to full-time hires.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$88,412 |
$91,943 |
|
COGS |
$0 |
$0 |
|
Tax |
$29,480 |
$15,294 |
| ||
| ||
|
Net Income |
$-223,253 |
$-12,570 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$33,590 |
$47,430 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$33,590 |
$47,430 |
|
Short-Term Debt |
$2,034 |
$2,588 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$2,034 |
$2,588 |
Financials as of: 02/20/2024
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