SideHustle App Inc on Wefunder

Platform where customers get rewarded from referrals

Raise to date: $51,280

Reporting Date: 05/27/2020

Key Stats

Minimum Raise

$50,000

Maximum Raise

$300,000

Likelihood of Max Unlikely
Start Date

03/27/2020

Stop Date

07/17/2020

Days Remaining

50

Security Type

SAFE

Investment Minimum

$500

Deal Type

Underweight


Investment Summary

Status

Active

# of Investors

51

% of Minimum Raised

103%

% of Maximum Raised

17%

Dollars Per Day to Reach Max

$4,974

DPD* Committed

$841

DPD* Category

$0

DPD* All Companies

$991

Kingscrowd Momentum

$51,280

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

SideHustle App, with a valuation cap of $3 million, is raising funds on WeFunder. The application allows small and medium businesses to reduce their digital advertising costs and showcase their products and services through the app at no cost. On the other hand, the buyers save money and earn money by referring the deals through word of mouth. SideHustle App was founded by Alex Kabir in 2019. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $300,000, and the proceeds will be used towards salaries, sales and marketing, and working capital. SideHustle App has already had 266,000 downloads to date and is naturally viral. Additionally, the business of the SideHustle App is agile and globally scalable.

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