Engiven
Engiven's enterprise donation platform empowers nonprofit organizations to securely accept and exchange cryptocurrency donations.
Analytics
Raised to Date: $0
Aggregate Commitments $
SeedInvest
08/03/2020
09/27/2020
$25,000
$1,000,000
$1,000
Equity - Preferred
RegCF / RegD 506(C)
Seed
$5,000,000
Weekly Commitments $
09/27/2020
0%
0%
$0
Escondido, California
Financial & Insurance Products & Services
Fintech
B2B
High
Engiven, with a pre-money valuation of $5 million, is raising funds on SeedInvest. The platform empowers nonprofit organizations to receive and exchange cryptocurrency donations. Engiven aims to provide nonprofit organizations access to the financial and strategic benefits of cryptocurrency donations. Engiven was founded by James Lawrence and Matt Hayes in 2018 and has raised over $1.2 million since its founding. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,000,000. The proceeds will be used for sales and marketing, operations, product development, and legal expenses. Engiven is currently being used by over 25 nonprofit beta clients, including two of the largest churches of America. The business is registered with FinCEN as a Money Services Business.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$825 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$682,595 |
$648,700 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$238,277 |
$510,506 |
|
Accounts Receivable |
$7,528 |
$800 |
|
Total Assets |
$251,988 |
$513,517 |
|
Short-Term Debt |
$712,283 |
$561,217 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$712,283 |
$561,217 |
Ratings
Engiven has been rated neutral.
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