KapitalWise

Deal To Watch
BETA

AI powered insights for financial institutions

Analytics

Raised to Date: $139,763

Aggregate Commitments $
Platform

StartEngine

Start Date

07/27/2020

Close Date

12/21/2020

Min. Goal

$9,999

Max. Goal

$432,997

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$14,988,458

Weekly Commitments $
Status

Active

Reporting Date

10/18/2020

Days Remaining

62

% of Min. Goal

1,398%

% of Max. Goal

32%

Likelihood of Max
Avg. Daily Raise

$1,684

# of Investors

224

Momentum
Location

New York, NY

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

KapitalWise, with a pre-money valuation of $15 million, is raising crowdfunding on StartEngine. It is a financial technology company that helps financial institutions in their client relationship solutions. KapitalWise’s AI-powered platform analyses large volumes of data about customers and provides insights to the companies to improve their efficiency and user experience. KapitalWise was founded by Sajil Koroth in 2017. The company’s current crowdfunding round has a minimum goal of $9,998.94 and a maximum goal of $432,997.32, and the funds will be used for growth and expansion. KapitalWise has secured early contracts with Bank of America, Standard Chartered Bank, and ABSA, and reported a 150% year-over-year revenue growth from 2018 to 2019.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$79,000

$30,800

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-197,123

$-110,187

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$9,893

$60,544

Accounts Receivable

$57,000

$0

Total Assets

$66,893

$174,544

Short-Term Debt

$26,630

$14,033

Long-Term Debt

$197,850

$0

Total Liabilities

$224,480

$161,883

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
12/21/2020 StartEngine $14,988,458 $139,763 Equity - Common Active RegCF
05/18/2020 Microventures $8,000,000 $97,600 Convertible Note Confirmed Closed RegCF

Ratings

last updated 10/20/2020

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