Viva

Viva

Early Stage

Growing returns for landlords, wealth for renters

Growing returns for landlords, wealth for renters

Overview

Raised to Date: Raised: $68,000

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    Open SEC Filing

Price Per Share

$0.64

Pre-Money Valuation

$8,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/18/2024

Days Remaining

10

% of Min. Goal

136%

% of Max. Goal

55%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,172

# of Investors

50

Momentum
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Year Founded

2021

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Edinburg, Texas

Business Type

High Growth

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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Viva on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $8,000,000
Price per Share: $0.64

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