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Security Type
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SAFE
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Categories
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Technology, Infrastructure, Crypto & Blockchain, Financial Services
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Min Investment
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$100
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Offering Date
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June 06, 2020
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Expected Close Date
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April 30, 2022
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Target Raise
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$100.00K-$5.00M
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No. Investors
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233
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Security Price
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$4.09
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Deal Notes
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$25K+ pro rata right threshold
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Valuation
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$35,000,000
- Number of Employees
- 8
- Cash
- $128,693
- Revenue
- $284,839
- Short Term Debt
- $0
- Cost of Goods
- $275,533
- Long Term Debt
- $0
- Net Income
- $-175,959
Company Description
Digifox serves as your all-in-one finance platform. Earn up to 7% on your savings, buy cryptocurrencies, and send, receive, or spend your money across the globe for much lower fees.
Perks
$500+ for Gold Ambassador - Lending fees are reduced from 1% to 0.25% and trading fees are reduced from 0.49% to 0.30% for your personal account.
$1,000+ Platinum Ambassador - Lending fees are reduced from 1% to 0.1% and trading fees are reduced to 0.25% for your personal account.
$5,000+ A personal, 30-minute call with the founder, Nicholas Merten, to discuss information related to Digifox (Business strategy, feature requests, etc.)
$10,000+ Have a dinner with Nicholas Merten to learn more about Digifox, our team, and our long-term goals as a company. *Restrictions may apply, depending on location
Key Deal Facts
? Founded by the creator of DataDash, the #1 YouTube channel for crypto with 343,000 subscribers.
✔️ Our app is fully built and live on both iOS and Android.
? Our company generates multiple revenue streams from lending, borrowing, trading and transactions.
? Advised by Zeb Evans, founder of ClickUp.com & John deVadoss, architect for .NET at Microsoft.
???? Over 3,200 people registered to be notified for Digifox's public launch on June 15th.
? We constantly aggregate the best financial services on the market into one seamless experience.
⚡ Digifox has been entirely self-funded by the founder, Nicholas Merten.
? We've created a cutting-edge referral model to build real relationships and scale exponentially.
Use of Proceeds
If $100,000 is raised:
72.5% towards hiring/paying employees, 10% towards marketing, 10% towards legal, and 7.5% towards Wefunder intermediary fees
If $1,070,000 is raised:
65% towards hiring/paying employees (3 full-time developers), 17.5% towards marketing (A strategic, viral marketing campaign), 10% towards Legal counsel & guidance, and 7.5% towards Wefunder intermediary fees
Management Team / Advisory Board Bios
Nicholas Merten
Founder & CEO
The Founder and CEO of DataDash, the largest YouTube channel for cryptocurrencies with over 343,000 subscribers.
Chase Poirier
Lead Architect
Co-Founder of Udio Ventures, Built multiple industry-tier applications for emerging startups and enterprise companies.
Madison Yocum
Lead Designer
Product Designer at ReadMe, Designed multiple industry-tier applications for emerging startups and enterprise companies.
Deal Notes
$25K+ pro rata right threshold