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Security Type
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SAFE
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Categories
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Finance
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Min Investment
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$100
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Offering Date
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November 18, 2019
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Expected Close Date
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February 19, 2021
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Target Raise
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$50.00K-$500.00K
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Deal Notes
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Price per Share: $10.00
Company Description
Think Robinhood app for mortgages + AI/ML
With AI/machine learning and blockchain, we're building the first end-to-end mobile mortgage experience that will eliminate the need for a human loan officer to manually verify and validate loan file data. In other words, a true mobile mortgage for Generation Mobile that's the largest home buying group this year ($1.2 Trillion).
In five years, we hope to be a unicorn known as the first direct mobile lender onboarding massive numbers of new home buyers (and others), powering super streamlined refinances, generating $100M+ in loans, and an IPO in 10 years. These projections cannot be guaranteed.
Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
Use of Proceeds
$50,000
- 30% towards product development
- 34% towards advertising and traction
- 28.5% towards operations
- 7.5% towards WeFunder fees.
$769,600
- 52% towards product development
- 25% towards advertising and traction
- 15.5% towards operations
- 7.5% towards WeFunder fees.
Perks
Invest $250+ for Bee t-shirt!
$500+ Bee t-shirt and beanie.
$1,000+ Bee t-shirt, beanie and hoodie.
$10,000+ Bee t-shirt, beanie, hoodie, pop socket, and launch party invite.
Invest $250+ for Bee t-shirt!
$500+ Bee t-shirt and beanie.
$1,000+ Bee t-shirt, beanie and hoodie.
$10,000+ Bee t-shirt, beanie, hoodie, pop socket, and launch party invite.
Key Deal Facts
Patent pending AI, machine learning & blockchain tech replace humans unlike Rocket Mortgage.
Successful VC backed pre-seed raise | Revenue generating with major bank partnership.
MIT & UChicago MBA grad software engineers.
Live app with fast growing user base | +314% downloads over the past 30 days.
✅ Founded by licensed mortgage loan officers, real estate agents & certified blockchain experts.
Execution: team released Bee App 1.0 on time and under budget all during a global pandemic.
For young, new buyers who love personal finance apps like Robinhood, Chime, Fair and Carvana.
Possible Amazon licensing deal for Alexa.
Use of Proceeds
$50,000
- 30% towards product development
- 34% towards advertising and traction
- 28.5% towards operations
- 7.5% towards WeFunder fees.
$769,600
- 52% towards product development
- 25% towards advertising and traction
- 15.5% towards operations
- 7.5% towards WeFunder fees.
Perks
Invest $250+ for Bee t-shirt!
$500+ Bee t-shirt and beanie.
$1,000+ Bee t-shirt, beanie and hoodie.
$10,000+ Bee t-shirt, beanie, hoodie, pop socket, and launch party invite.
Invest $250+ for Bee t-shirt!
$500+ Bee t-shirt and beanie.
$1,000+ Bee t-shirt, beanie and hoodie.
$10,000+ Bee t-shirt, beanie, hoodie, pop socket, and launch party invite.
Management Team / Advisory Board Bios
Curtis Wood
Co-founder & CEO
Licensed Mortgage Loan Originator NMLS 1308125 | Developer | Certified blockchain expert | Previous: TIAA Bank, PHH Mortgage, iMobile3
Cynthia Wood
Co-founder & COO
Designer & Developer | Top ranking woman in blockchain | Certified blockchain expert | Previous: Harden
Matt Offers
Co-founder & VP of Products
Products development lead overseeing the creation of Bee's mobile assets. Previous: Optimal Blue, Pavaso.
Kristin Scheurer
Co-founder & CMO
Responsible for overseeing all promotional initiatives, Kristin is dedicated to ensuring Bee reaches every family who dreams of homeownership.
Holly Davis
Co-founder & CTO
20 years of enterprise level project management experience, Holly works closely with executive leadership leveraging all technological resources to the realization of Bee's core mission.
Angie Luu
Lead Experience Designer
Lead UX designer and researcher. Previous Design Experience: Capital One, Discount Tire, Asics, and Boeing.
Munir Valiani
Co-founder & VP of Originations
Developer | Licensed Mortgage Loan Originator NMLS 939488 | Certified blockchain expert | Previous: PHH Mortgage
Mindy Barker
Interim CFO
Author and financial expert with broad CFO experience.
Dwight Skyers
Director of Agent Partnerships
Retired Navy and active REALTOR®, Broker Associate, Dwight is responsible for agent outreach.
