MOXI
Early Stage
Financial wellness and payments app to empower freelancers
Overview
Raised: $50,652
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/02/2020
Close Date
04/02/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$186
# of Investors
62
Momentum
Funded
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Year Founded
2019
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
MOXI, with a $5 million valuation cap, is raising crowdfunding on Wefunder. It is a financial wellness and payments app that helps freelancers manage their overall financial health. The app helps freelancers manage all their gigs and payments in one place and generate invoices and send payments seamlessly. MOXI was founded by Evelyne Kanakis in 2019 and has raised over $100,000 since its founding. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $250,000, and the funds will be used for user acquisition, product build, and operations. MOXI is making life easier for the gig performers and is tailored for the specific needs of independent workers.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$616 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-126,561 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$24,578 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$27,830 |
$0 |
|
Short-Term Debt |
$18,391 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$18,391 |
$0 |
Financials as of: 07/02/2020
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