- 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.