Edly ISA Marketplace

Neutral
BETA

Income share agreement marketplace that generated over $380,000 in revenue in the first five months of 2020

Analytics

Raised to Date: $450,735

Aggregate Commitments $
Platform

Microventures

Start Date

09/16/2020

Close Date

12/21/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF / RegD 506(C)

Series

Pre-Seed

Valuation Cap

$12,500,000

Discount Rate

0%

Weekly Commitments $
Status
Funded
Reporting Date

12/31/2020

Days Remaining
Funded
% of Min. Goal

1,803%

% of Max. Goal

42%

Likelihood of Max
Funded
Avg. Daily Raise

$4,695

# of Investors

841

Momentum
Funded
Location

Briarcliff Manor, New York

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Edly ISA Marketplace, with a valuation cap of $12.5 million, is raising funds on MicroVentures. The marketplace connects investors with students looking to finance their education through income share agreements (ISAs). Edly ISA Marketplace aims to make ISAs more popular as a professional asset class. Edly ISA Marketplace was founded by Chris Ricciardi and Charles Trafton in August 2019 and has raised more than $2.5 million in previous rounds of financing. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $1,070,000. The funds will be used for general marketing, research and development, future wages, and general working capital. Edly platform has over 2,500 ISA contracts and generated more than $380,000 in revenue in the first five months of 2020.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$336,079

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$1,605,935

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$493,966

$0

Accounts Receivable

$177,599

$0

Total Assets

$707,730

$0

Short-Term Debt

$493,664

$0

Long-Term Debt

$400,000

$0

Total Liabilities

$893,664

$0

Ratings

last updated 12/22/2020

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