Qoins

Qoins

Pay Off Debt Faster And Save Money

View on Republic
Security Type
Crowd SAFE
Industry
Finance
Min Investment
$100
Location
Atlanta, GA
Offering Date
October 21, 2021
Expected Close Date
February 25, 2022
Amount Raised
$128,516
No. Investors
251
Security Price
$1

Key Deal Facts

Recently awarded 2021 "Forbes 30 under 30 for Social Impact"
10K+ monthly active customers | $1-2M monthly transaction volume -Aug 2021
$20M+ paid off in customer debt, as of Aug 2021
On track to pay off $100M in debt by 2023
Qoins "Debt Payoff" debit card launching Q4 2021
4.8 app review score from 2,000+ reviewers, as of Oct 2021
$44M initial target market as part of a larger $12.7T marke

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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