Pay Off Debt Faster And Save Money

View on Republic
Security Type
Crowd SAFE
Min Investment
Atlanta, GA
Offering Date
October 21, 2021
Expected Close Date
February 25, 2022
Amount Raised
No. Investors
Security Price

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.

Research Reports

No reports have been submitted

Become a Reporter