Gilgal General

Building the next great American electronic trading exchange marketplace-NASDAQ

Analytics

Raised to Date: $112,762

Aggregate Commitments $
Platform

Wefunder

Start Date

05/17/2021

Close Date

04/30/2022

Min. Goal

$100,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,500,000

Discount Rate

0%

Rolling Commitments $
Status

Active

Reporting Date

06/13/2021

Days Remaining

321

% of Min. Goal

113%

% of Max. Goal

11%

Likelihood of Max
likely
Avg. Daily Raise

$4,176

# of Investors

42

Momentum
warm
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Location

New York, New York

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Gilgal General, with a valuation cap of $10.5 million, is raising funds on Wefunder. The company is developing the first electronic trading exchange for global annuity contracts, the NASDAQ for annuities. The trading exchange platform will bring the buyers and sellers of annuity contracts together at one central marketplace to trade their annuity contracts. Alexander Ampontuah founded Gilgal General in November 2019. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $1,070,000, will be used for hiring software engineers and data scientists, SEC/CFTC registrations, and other expenses. Gilgal General has a four-year contract agreement with ICE and has eight US insurance companies that have agreed to be part of the platform.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$2,711

$0

 

 

Net Income

$-3,493

$-744

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,432

$0

Accounts Receivable

$0

$0

Total Assets

$158,203

$0

Short-Term Debt

$156,771

$0

Long-Term Debt

$0

$0

Total Liabilities

$156,771

$0

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