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Security Type
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CAFES
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Categories
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Technology, Financial Services, Community & Lifestyle
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Min Investment
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$500
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Location
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East Brunswick, NJ
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Expected Close Date
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April 30, 2025
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Target Raise
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$50.00K-$1.23M
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No. Investors
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18
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Security Price
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$1
- Number of Employees
- 6
- Cash
- $8,408
- Revenue
- $6,989
- Short Term Debt
- $86,531
- Cost of Goods
- $0
- Long Term Debt
- $189,028
- Net Income
- $-169,490
Key Deal Facts
Over 2K installed Apps since launch with more than 500 active users.
Over $100K transaction volume since December 2022
Experienced team with finance and banking backgrounds from Goldman Sachs and Deutsche Bank.
Received seven money transmittal licenses and counting.
Partner with Facephi, Checkbook, Tempo, Terrapay, Flutterwave, Stellar, TANTV, and Plaid.
Positioned to disrupt the fast-growing $749B remittance market.
Management Team / Advisory Board Bios
Bisi Adedokun Founder/CEOExit a previous startup. Focus on creating value for shareholders and building critical relationships for Orokii., Mike TetuCOOSpent 28 years in the US Army - ran NATO Operations as a Plans officer, and Battalion Commander/Chief
Executive Officer., Sarafa IbraheemFinance/Board memberWorked at Goldman Sachs and Mizuho and delivered
various trading and quantitative products for clients., Anniekeme BasseyGrowth Marketing ManagerStrategic marketing experience in managing and optimizing campaigns to drive customer acquisition., Himanshu Sankhe Product and Pricing ManagerExpert at building pricing algorithms.
Reveal the Score by Voting
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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.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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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
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.