Reyets
Early Stage
Mobile app + community policing platform to record abuse and protect your rights
Overview
Raised: $66,075
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/23/2020
Close Date
07/09/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$4,166,500
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$206
# of Investors
86
Momentum
Funded
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Year Founded
2017
Industry
Consumer Products, Goods & Services
Tech Sector
Legaltech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
Reyets, with a $6 million valuation cap, is raising crowdfunding on Wefunder. It is a mobile app and community policing platform to record abuse. The app empowers citizens, amplifies their voices, and helps them in acing on injustice. The people get to protect their civil rights and stay safe using technology. Wa’il Ashshowwaf, Ibrahem AlHaidari, and Berker Hazar founded Reyets in 2017. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for app development, marketing, hiring, and overhead expenses. Reyets is led by a talented team with a track record. It has high growth potential and high impact potential to solve a pressing problem.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,424 |
$-88,805 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$7,089 |
$8,514 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$7,089 |
$8,514 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/23/2020
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