Moxi

Moxi

Financial wellness and payments app to empower freelancers

Print
Security Type
SAFE
Categories
Other
Min Investment
$25
Location
New York, NY
Offering Date
July 04, 2020
Expected Close Date
October 02, 2020
Target Raise
$50.00K-$250.00K
Deal Notes

$25K+ pro rata right threshold

Company Description

MOXI is a mobile app that helps independent workers (freelancers, gig workers, etc.) get paid and manage their gigs - all in one place. Through our app you can generate invoices and request/send payments seamlessly. Users can link their bank accounts or pay via credit cards. By providing a platform through which freelancers can easily get paid, we are helping to solve one of the most fundamental problems faced by members of the gig economy.

Key Deal Facts

The "Gig Economy" is rapidly growing, projected to comprise over half of US workers by 2023.
The current financial tools are either too complicated or not robust enough for freelance workers.
We can do this. We've already built and deployed a functional app with growing user base.
MOXI operates lean. Limited funding hasn't stopped us. We're relentless. We are hustlers.
We see the big picture. By helping gig workers, we also strengthen the economy and small businesses.
Our trusted partners across the U.S. represent large networks of freelancers in various industries.
Even before the global pandemic, there was a shift towards flexible workforce. Now it’s inevitable.

Use of Proceeds

If $50,000 is raised:

30% user acquisition (onboarding costs, marketing, industry partnership fees, content creation, etc) 40% Product build (development costs, service costs, COGS) 22.5% operations (admin costs consultant fees, insurance, etc)  7.5% Wefunder intermediary fee

If $250,000 is raised:

30% user acquisition (onboarding costs, marketing, industry partnership fees, content creation, etc) 40% Product build (development costs, service costs, COGS) 22.5% operations (admin costs consultant fees, insurance, etc)  7.5% Wefunder intermediary fee

Management Team / Advisory Board Bios

Evelyne Kanakis
CEO
Former head of product design for business banking at Chase. EMBA from Harvard Business School. She has both the fintech background and on-the-ground experience with creatives to make MOXI successful.

Andy Dalton
Operations
Operations and legal specialist with a background in high tech law. Most recently ran compliance operations for an international startup, helping the company gain Fortune 100 clients, develop a robust IP portfolio, and raise over $15M.

Laura Kimmel
Creative Director
Having spent over 15 years as a freelance photographer, videographer, designer, actress, and artist, I understand the difficulties of handling my own finances. I want to empower others to reach their full potential by focusing on what they love.

Julie Sharify
Marketing Coordinator

Deal Notes

$25K+ pro rata right threshold

Amount Raised : $37,952
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments