Mooch

Creating an End-to-End Budget-to-Buy Platform

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Mooch: An In-depth Look

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Security Type
Crowd SAFE
Categories
Financial Services
Min Investment
$100
Offering Date
November 29, 2023
Expected Close Date
February 28, 2024
No. Investors
38
Website
amoochlife.com

Key Deal Facts

Huge Market: 260M people living paycheck to paycheck in the US Strong Traction: Top 8 apps on social media with 50,000+ sign ups Viral Social Media: 520K followers, 62M impressions & 53M views Solid Revenue: $2M Annual Recurring Revenue expected in 2024 High-Profile Investors: raised $3M+ from top VC funds and angels High 93% Retention: Moochers stay 10x longer than industry average Disruptive Technology: the leader in the AI automatic budgeting space

Perks

Invest $250 Receive 1.5x cash back for 3 months Invest $500 Receive 1.75x cash back for 6 months Invest $1,000 Receive 2x cash back for 12 months

Management Team / Advisory Board Bios

Richard Velasquez CEO 4 years @ META as engineer on ecomm ads & built onsite shopping product ($1B+ ARR) Kevin Jiang COO Built @mooch.app to 500K followers, Harvard MSF, Fintech/Banking Consultant Ken Cheng Head of Engineering Masters in CS @ Yale, 1st engineer on ACO Ads @ Meta Matthew Kellie Advisor Ex CMO @ Robinhood & Clash of Clans Mitchell Lee Advisor Director of Fintech @ Federal Reserve Rina Takikawa Head of Design UX Copenhagen and Uni of Arizona Speaker, Product Design Thought Leader Bing Liang Software Engineer CS @ Upenn, PennCSS Gokul C Software Engineer 5 years @ Deloitte, Infosys

Amount Raised : $12,531
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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

Attachments

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Download mooch_report_by_c_r_v.pdf

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.

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