Kachinga

Helping parents raise financially smart kids!

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Security Type
Convertible Note
Categories
Technology
Min Investment
$100
Location
San Francisco, CA
Expected Close Date
April 30, 2022
Target Raise
$200.00K-$1.00M
No. Investors
47
Security Price
$1
Website
kachinga.com
Number of Employees
2
Cash
$83,211
Revenue
$4,032
Short Term Debt
$322,431
Cost of Goods
$22,772
Long Term Debt
$481,722
Net Income
$-283,397

Company Description

CEO led high growth product portfolios with revenue > $500M, and projects that help the underbanked
CFO has raised > $300M & led companies to successful exits including IPO
Thousands of customers acquired through word of mouth and organic growth to date
$91B spent annually by kids in US
Estimated cash flow positive in < 24 months
Only solution with data-driven insights & personalized financial literacy guidance & insights
Untapped market--Kachinga and our competitors represent less than 10% of the serviceable market

Management Team / Advisory Board Bios

Bill Butler CEOFinancial services and credit industry expert. | Drove double digit revenue growth annually for $500M+ business. | Led financial and credit education initiatives to support emerging, underbanked, and underserved consumers., John McIntyre ChairmanSerial entrepreneur. | Built companies from start-up to $30M+ ARR., John Zdanowski CFO20+ years with consumer & financial start-ups. | Raised > $300M & led successful exits including IPO. | Grew 5 early-stage companies to $100M in revenue., Elaine Werffeli Head of AnalyticsCustomer acquisition expert. | Former Director of Marketing sciences at Microsoft., Mike Shane Head of TechnologyExpert in consumer & financial apps. | Built & leads development team of 100+ in Philippines., Paul Lee Chief ArchitectML/AI/IA technology expert. | Former Chief Market Analyst for Microsoft.
Amount Raised : $210,411
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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