Moxey

Proprietary FinTech that Helps Local Economies Grow and Small Businesses Thrive

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Security Type
Membership Units
Categories
Technology, Financial Services, Retail
Min Investment
$100
Location
Baton Rouge, LA
Offering Date
February 26, 2021
Expected Close Date
April 30, 2023
Target Raise
$100.01K-$3.50M
No. Investors
170
Security Price
$16.75
Deal Notes

Security Name: "CF Units"

Price per Unit: $8.35

Valuation
$13,655,000
Website
moxeyusa.com
Number of Employees
4
Cash
$447,787
Revenue
$1,571,985
Short Term Debt
$218,101
Cost of Goods
$1,312,518
Long Term Debt
$1,138,251
Net Income
$-555,575

Company Description

Moxey is where innovative FinTech and social good meet. Our fast-growing, proprietary platform gives small business owners access to an interest-free line of credit while driving new customer acquisition.

It can be rough out there for small business owners. In a game rigged to benefit large corporations and massive financial interests, the backbone of the American economy is often left behind. Most small businesses face two major obstacles: getting access to credit, and finding new customers.

Moxey is a network that helps small businesses support other small businesses while growing their revenues. Using our proprietary FinTech platform and a modern twist on the barter system, we provide business owners with access to much-needed credit and a new community of incentivized customers.

Moxey isn’t just a concept. We’ve proven our platform through the $175M+ in sales facilitated through our network. To date, we’re partnered with 4,000+ small businesses, and we’re available in 16 cities across 4 states. A growing number of business owners benefit immensely from our system, and we’re confident that we can continue on this track to put Moxey in every city, worldwide.

Key Deal Facts

An existing product already used by 4,000+ businesses in 16 cities across 4 states
$175 million in sales of local goods and services across the Moxey network
Proprietary software processes all transactions via an app, credit card technology, or web interface
Patent pending technology
Founder has previously built successful FinTech, EdTech, and Digital Marketing companies
Unique value proposition in a $100B US market
FinTech is one of the world’s fastest-growing sectors: 64% 2019 adoption rate, up from 16% in 2015.
Our customers believe in us. Backed by 100s of business owner success stories.

Use of Proceeds

$50,000

  • 46.25% sales and marketing of new Moxey communities
  • 46.25% new app features
  • 7.5% towards Wefunder fees.  

$1,069,999

  • 62.5% sales and marketing of new Moxey communities
  • 30% new app features
  • 7.5% towards Wefunder fees.  

Management Team / Advisory Board Bios

Charlie Davis, CEO

Deal Notes

Security Name: "CF Units"

Price per Unit: $8.35

Amount Raised : $431,939
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Valuation

Security Description

Membership Units represent ownership rights in a Limited Liability Company, indicated by the right to receive cash or unit distributions, declared by the Manager(s) of the LLC, and having voting rights in the governance of the Company.

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