Qoins

Pay Off Debt Faster And Save Money

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Security Type
Crowd SAFE
Categories
Technology, Retail, Financial Services
Min Investment
$100
Location
ATLANTA, GA
Offering Date
October 21, 2021
Expected Close Date
February 25, 2022
Target Raise
$25.00K-$1.07M
No. Investors
780
Security Price
$1
Valuation
$12,000,000
Website
qoins.io
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.
Amount Raised : $245,185
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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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