Moxey

Moxey

Early Stage

Proprietary FinTech that Helps Local Economies Grow and Small Businesses Thrive Share

Proprietary FinTech that Helps Local Economies Grow and Small Businesses Thrive Share

Overview

Raised to Date: Raised: $660,667

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/10/2021

Close Date

04/30/2021

Min. Goal
$50,000
Max. Goal
$1,069,999
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.35

Early Bird Valuation

$5,807,263

Pre-Money Valuation

$6,446,785

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$13,213

# of Investors

387

Momentum
Funded
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Year Founded

2010

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Baton Rouge, Louisiana

Business Type

Growth

Company Website

Moxey, with a pre-money valuation of $6.45 million, is raising crowdfunding on Wefunder. It is an innovative financial technology company that gives small business owners access to an interest-free line of credit. The platform has a unique ability to manage credit allocation inside the network. Charlie Davis and Chip Davis founded Moxey in 2010. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $1,069,999, will be used for sales and marketing of new Moxey communities and the development of new app features. Moxey’s product is already used by over 4,000 businesses in 16 cities across four states in the US.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$233,439

$174,085

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-473,172

$-473,166

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$15,446

$4,794

Accounts Receivable

$11,843

$50

Total Assets

$228,266

$65,524

Short-Term Debt

$1,091,114

$465,673

Long-Term Debt

$0

$0

Total Liabilities

$1,091,114

$465,673
Financials as of: 03/10/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Moxey 10/30/2022 Wefunder $15,167,460 $154,009 Equity - Common Funded RegCF
Moxey 04/29/2021 Wefunder $6,446,785 $660,667 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Moxey on Wefunder
Platform: Wefunder
Security Type: Equity - Common
Valuation: $6,446,785
Price per Share: $8.35

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