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Security Type
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Debt
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Categories
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Technology, Financial Services
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Min Investment
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$100
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Location
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San Francisco, CA
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Offering Date
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October 13, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$50.00K-$650.00K
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No. Investors
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61
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Security Price
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$1
- Number of Employees
- 1
- Cash
- $1,020
- Revenue
- $0
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $8,403
- Net Income
- $-5,606
Company Description
Self-driving wallet for the global citizen. We unlock financial benefits needed for our time to help people recover from the financial setbacks caused by the pandemic. Our proprietary risk model maximizes the likelihood of sustainable high returns for our users.
Key Deal Facts
Qinta is solving a big problem. Nearly half of Americans missed their financial goals in 2020.
We built a world-class team with experience at Google, BrandLab, Grab, Qwant, and FTI Consulting.
Our team includes Cambridge University postgrads with Finance, ML and risk management specialties.
A digital wallet built to provide market-leading returns of up to 10% apy on savings.
Developed a proprietary risk-return model that maximizes likelihood of sustainable high returns.
Early traction: 2,000+ individuals signed up for early access to Qinta.
Built and tested a working prototype.
Glenn Paradis, CFA and former Partner at Emerald Peak Private Equity invested on same terms.
Management Team / Advisory Board Bios
Melvin Noche, Co-Founder & CEO
Former industry analyst & insights manager @ Google. Seasoned corporate finance consultant across multiple industries and geographies. Cambridge University, Master of Finance; Trained CPA.
Ivy Irene Andreenkova, Co-Founder & CTO
15+ years experience as product manager & software developer building B2B and B2C digital products. Former product manager for a Decacorn in Southeast Asia. Expert in product strategy, branding, and growth hacking.
Damien Allonsius, PhD, Consultant
An experienced Data Scientist at Qwant specializing in Machine Learning. He has a Master of Mathematics from Cambridge University and a Phd from Université Paris - Saclay.
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
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.