All_ebt

Food stamps online.

Security Type: Crowd SAFE
Categories: Service Businesses
Min Investment: $100
Location: Pasadena, CA
Offering Date: March 30, 2020
Expected Close Date: November 16, 2020
Target Raise: $50.00K-$107.00K
Deal Notes: Discount: 0%

Company Description

All_ebt aims to allow food stamp recipients to expand the use of their benefits to any online retailer. This is a big deal because people on Food Stamps only have limited options of where they can online right now. Built on top of a banking grade card issuing platform, All_ebt is an end-to-end technology layer that enables Food Stamp specific check out processes and blocks the purchase of prohibited items such as alcohol & tobacco. All_ebt will also give traditionally low-income consumers advanced banking tools to help them budget and manage their monthly food stamps.

Perks

Invest $500
Receive
Personal Thank you card from the Founders + Website Mention (with your consent)

Invest $2,000
Receive
Lunch with Founders + Thank you Card + Website Mention (with your consent)

Invest $5,000
Receive
VIP dinner with the Founders + Digital Thank you + Website Mention (with your consent)

Invest $25,000
Receive
Meet the Team + Invitation to VIP dinner + Digital Thank you +Website Mention (with your consent)

Invest $50,000
Receive
Paid Flight out to Meet the Team + Invitation to VIP dinner + Digital Thank you +Website Mention (with your consent)

Key Deal Facts

Giving food stamp recipients access to online retailers
Founder previously on a team that won Y Combinator Hackathon
Founder has worked with companies acquired by Google, Amazon, & Alibaba
Early backing from Facebook, Block.one, and Crypto Investors

Management Team / Advisory Board Bios

Eli Calderón Morin - Co-Founder & CEO
YC hackathon winner. Worked at startups with exits to Google, Amazon, and Alibaba. Grew up on Food Stamps.

David Lam - Product
Fintech background at East West Bank. Previously worked with Eli when they were both at OpenX

Aaron Chen - Co-Founder & Engineering
University of Washington Computer Science. Programed computer applications on top of the Food Stamp system. Lived on Food Stamps

Deal Notes

Discount: 0%

Amount Raised : $41,984

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

Have you done enough research to provide a rating? This is important for your fellow investors.

We only allow one revision to each rating category. Be sure about any changes.

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

Research Reports

No reports have been submitted

Become a Reporter

Read Our Research Disclaimer

0 Comments

To claim your deal, you must have access to @ email

Contact support@crowdlustro.com if you need assistance.