Pigeon Loans
Early Stage
Making Lending and Borrowing with The People You Trust Simple and Easy
Overview
Raised: $154,150
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/29/2021
Close Date
09/30/2021
Min. Goal
$50,000
Max. Goal
$468,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$3,900,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/02/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$838
# of Investors
196
Momentum
Funded
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Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Pigeon Loans, with a valuation cap of $3.9 million, is raising crowdfunding on Wefunder. The company has developed a global lending platform that makes borrowing and lending simple with people you trust. The borrowers and lenders can negotiate their loan terms, create contracts, and track their payments through the platform. Brian Bristol and Anna Matilde Tanga founded Pigeon Loans in June 2020. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $468,000, will be used for digital marketing, technical development, and platform enhancements. Pigeon Loans has a pending patent in the US and is growing by 367% month-over-month.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$58 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-28,107 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$6,166 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$6,166 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$5,000 |
$0 |
|
Total Liabilities |
$5,000 |
$0 |
Financials as of: 03/29/2021
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