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Security Type
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SAFE
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Categories
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Other
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Min Investment
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$100
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Offering Date
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January 01, 0001
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Expected Close Date
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October 03, 2019
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Target Raise
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$25.00K-$1.07M
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Deal Notes
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$1.00 per share
20% discount
Company Description
Avenify is transforming the student financing industry by providing students the opportunity to fund their education with an ISA instead of a traditional loan. Students can borrow up to $15,000 per semester, and owe nothing back until they’re employed and making more than $20,000. Unlike a loan, ISAs don’t have a balance or interest owed. Instead, students pledge to share a fixed percentage of their income for a fixed period of time.
Perks
Invest $250 Receive $250 Crowd SAFE + A special thank-you note from the founders
Invest $1,000 Receive $1,000 Crowd SAFE + A special thank-you note from the founders + A personal tweet, post or mention on social media + An exclusive investors-only t-shirt
Invest $5,000 Receive $5,000 Crowd SAFE + A special thank-you note from the founders + A personal tweet, post or mention on your social media + Placement of your name on the investors section of our About page + An exclusive investors-only t-shirt and hat
Invest $10,000 Receive $10,000 Crowd SAFE + A special thank-you note from the founders + A personal tweet, post or mention on social media + Placement of your name on the investors section of our About page + An exclusive investors-only t-shirt and hat
Invest $15,000 Receive $15,000 Crowd SAFE + A special thank-you note from the founders + A personal tweet, post or mention on your social media + Placement of your name on the investors section of our About page + An exclusive investors-only t-shirt, hat, and jacket
Invest $25,000 Receive $25,000 Crowd SAFE + A special thank-you note from the founders + A personal tweet, post or mention on social media + Placement of your name on the investors section of our About page + An exclusive investors-only t-shirt, hat, and jacket + Conference call, meeting or dinner with the founders
Invest $50,000 Receive $50,000 Crowd SAFE + A special thank-you note from the founders + A personal tweet, post or mention on social media + Placement of your name on the investors section of our About page + An exclusive investors-only t-shirt, hat, and jacket + Conference call, meeting or dinner with the founders + Paid travel and lodging to meet the founders in Boston
Key Deal Facts
Marketplace lending platform for Income Share Agreements (ISAs)
Disrupting the $11B+ private student loan market
On track to reach 2,500 applications by the end of 2020
$100K+ in projected revenue for 2020
$5M+ expected investment in students over the next 12 months
Management Team / Advisory Board Bios
Justin Potts
Co-founder, CEO
Timo Sheridan
Co-founder, CTO
Deal Notes
$1.00 per share
20% discount
