Accrew

The member-owned mobile bank, empowering users as shareholders.

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Form C
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Security Type
CAFES
Categories
Technology
Min Investment
$100
Location
Chicago, IL
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$150.00K
No. Investors
75
Security Price
$1
Website
accrewmoney.com
Number of Employees
3
Cash
$8,200
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-924

Company Description

Members Are Shareholders πŸ¦πŸ’³πŸ’°High-Yield Accounts πŸ’ΈπŸ“ˆ All-In-One Finance AppπŸš€ 

Key Deal Facts

DeFi πŸ’ΈπŸ“ˆ
Blockchain β›“πŸš€
Members Are Shareholders πŸ¦πŸ’³πŸ’°

Management Team / Advisory Board Bios

Aj Montgomery CEOFormer Sales Director for a Fintech Startup providing mobile-banking services linked to money market funds for higher rates on bank accounts.

Former Vice President of Sales for an Asset Manager.

Completed UC Berkeley Tech Project Management, Mark Willoughby Head Of OperationsFormer Director of operations for Bank of America tasked with developing risk-based analysis for all balance sheet accounts for the CFO group and operations team at BofA.
Amount Raised : $90,330
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
β“˜
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
β“˜
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
β“˜
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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