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Security Type
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CAFES
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Categories
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Technology, Retail, Crypto & Blockchain, Financial Services, Community & Lifestyle, Other
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Min Investment
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$100
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Expected Close Date
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April 29, 2024
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Target Raise
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$25.00K-$124.00K
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No. Investors
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81
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Security Price
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$1
- Number of Employees
- 3
- Cash
- $111,854
- Revenue
- $3,427
- Short Term Debt
- $17,614
- Cost of Goods
- $18,735
- Long Term Debt
- $0
- Net Income
- $-987,190
Key Deal Facts
Wealth Management ecosystem with live instant local cash rails, 5-min eKYC, and tailored portfolios
Launched 8 weeks ago, $85k AUMs from 850+ users, growing at 10-20% per week
Globally experienced team from Klarna and McKinsey; MBAs from London Business School, and IESE
Market of $60b+ in AUMs from 40M+ accounts
$950k+ raised including 3 VCs, funded by 2 unicorn founders, top tech leaders, and industry experts
Management Team / Advisory Board Bios
David Abusaid Co-Founder & CEOBS Civil Engineering at Tec de Monterrey, MBA from IESE Business School in Barcelona. More than 12 years of experience providing consulting services to financial institutions, working in more than 15 countries globally with McKinsey and Oliver Wyman., George Marvin Co-Founder4 years+ of PM experience at Klarna and Wayfair, previously he helped traditional financial institutions with digital transformation for 8 years of consulting at McKinsey. MBA from London Business School, and BS in mechatronics eng from Tec de Monterrey.
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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
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Business Traction
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Management Team
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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.