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Security Type
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Crowd SAFE
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Categories
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Technology, Retail, Financial Services
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Min Investment
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$100
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Offering Date
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October 21, 2021
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Expected Close Date
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February 25, 2022
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Target Raise
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$25.00K-$1.07M
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No. Investors
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780
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Security Price
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$1
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Valuation
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$12,000,000
- Number of Employees
- 3
- Cash
- $1,114,210
- Revenue
- $252,585
- Short Term Debt
- $144,087
- Cost of Goods
- $343,138
- Long Term Debt
- $73,431
- Net Income
- $-245,402
Company Description
Qoins is a leading financial wellness app that makes it easy to pay off debt, without having to think about it. With Qoins, customers can set up their financial goals, automate extra payments towards lenders, and improve their overall credit score through everyday purchases.
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
Management Team / Advisory Board Bios
Christian Zimmerman
Co-Founder & CEO
Christian studied buisness management and graduated from Georgia State University. He started as an account management at the Coca-Cola Company, and then lead customer success at Shiftgig, and product marketing at Hirewire.
Nate Washington
Co-Founder & CTO
Nate's been a nationally ranked chess player, playing alongside some of the best strategic players in the US. Having worked within finance at Wells Fargo, as well as founding his own previous company, Codeless Academy, Nate leveraged his 5+ yrs of founder experience.