Pngme on SeedInvest

Mobile finance marketplace connecting lenders with borrowers using blockchain technology


Key Stats

Minimum Raise

$25,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

08/08/2019

Stop Date

10/04/2019

Days Remaining

Closed

Security Type

Convertible Note

Investment Minimum

$1,000

Deal Type

Deal to Watch


Investment Summary

Status

Disappeared

# of Investors

Not Known

% of Minimum Raised

N/A

% of Maximum Raised

N/A

Dollars Per Day to Reach Max

N/A

DPD* Committed

N/A

DPD* Category

$0

DPD* All Companies

$1,293

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Pngme, a mobile lending marketplace with a valuation cap of $6.5 million, is raising funds on SeedInvest. The platform of Pngme is intended to connect lenders and borrowers through blockchain technology. The Pngme mobile app allows lenders to choose borrowers based on their credit score and risk profile and deploy capital in them to generate good rates of return. At the same time, the platform also aims to lower the cost of capital for the borrowers. Pngme was founded by Brendan Playford and Cate Rung in 2018. The current round of pre-seed crowdfunding has a minimum target of $500,000, and the proceeds will be used for business development, engineering, operations, and legal, regulatory & compliance expenses. Pngme already has over 15,000 users on pre-launch waitlist and has signed LOIs with some big money lending companies.

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