Zero Cheating

Early Stage

A patent-pending solution to stop all cheating in online exams

Overview

Raised to Date: Raised: $343,249

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/11/2023

Close Date

04/30/2023

Min. Goal

$100,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

Funding Type

RegCF

Valuation Cap

$5,000,000

Discount Rate

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/03/2023

Days Remaining

86

% of Min. Goal

343%

% of Max. Goal

28%

Likelihood of Max
likely
Avg. Daily Raise

$14,924

# of Investors

29

Momentum
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Location

Boca Raton, Florida

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Zero Cheating, with a valuation of $5 million, is raising funds on Wefunder. The company has created a fully-automated online proctoring service. The aim of the Zero Cheating service is to stop cheating during online exams with its wide-angle webcam and 360-degree motion sensor to detect the presence of another person in the room. Zero Cheating also aims to solve the problem of privacy and discrimination issues during online exams and enhance service and support for all test-takers. Neil Parsont founded Zero Cheating in November 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for software and prototype development, further research and development, marketing and sales, and contingency capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-65,274

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$3,550

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 01/11/2023
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Zero Cheating on Wefunder 2023
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Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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