The Vault

Banking the 55M Unbanked people in the US with a digital safety deposit box

Print
Claim My Business
Security Type
CAFES
Categories
Technology, Retail, Crypto & Blockchain, Social Impact
Min Investment
$100
Location
New, TX
Offering Date
October 17, 2021
Expected Close Date
April 08, 2022
Target Raise
$50.00K
No. Investors
41
Security Price
$1
Website
vaultmoney.app

Company Description

Large parts of the population DO NOT have access to traditional bank accounts - they are Unbanked. 55 million people in the US and nearly 2 billion people globally are excluded from the financial system.Because they’re Unbanked, it costs them US$ 3,000 yearly to NOT have a bank account. This has to stop!

Key Deal Facts

Enourmous unaddressed opportunity by both incumbents and neobanks.
Impact investment through B Corp structure and purpose-driven mission.
Global-scale and replicable model for the nearly 2B Unbanked worldwide.

Management Team / Advisory Board Bios

Vladi Kuschnerov, CEO
COO & CFO experience // Experienced builder (from $1M to $1B+) // Early Startup and high growth experience with international network (EMEA, APAC, North America) // Proven track record of M&A and exits.

Chris Spillman, CLO & CFO
Co-founded international boutique legal service provider // GC of hypergrowth Fintech // GC/CFO of BPO company (successful exit) // BigLaw private equity experience // UChicago Law, UVA grad.
Amount Raised : $144,030
Reveal the Score by Voting
_
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.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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
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.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments