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Security Type
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CAFES
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Categories
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Technology, Retail, Crypto & Blockchain, Social Impact
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Min Investment
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$100
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Offering Date
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October 17, 2021
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Expected Close Date
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April 08, 2022
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Target Raise
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$50.00K
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No. Investors
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41
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Security Price
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$1
Company Description
Large parts of the population DO NOT have access to traditional bank accounts - they are Unbanked. 55 million people in the US and nearly 2 billion people globally are excluded from the financial system.Because they’re Unbanked, it costs them US$ 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.
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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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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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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.