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Security Type
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CAFES
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Categories
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Technology, Retail, Financial Services, Community & Lifestyle
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Min Investment
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$100
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Location
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Chicago , Illinois
Key Deal Facts
7 in 10 users improve scores in the first month
$17k MRR, growing 50% MoM, 10k total users
Serial entrepreneurs with previous exit
US household debt grew to $16T in 2022, compared to $14T in 2019
$15B market opportunity ($620/year x 24 million 18-45 year olds)
Raised $750k in this round from notable investors like YC, Goodwater Capital, Builders VC & Stonks
Management Team / Advisory Board Bios
Blesson Abraham Co-Founder & CEO2x fintech founder, founded SavvyIntel and exited successfully in 2017 to Cuna Mutual Group. He started his career in retail banking and went on to lead marketing, sales and helped start their analytics team for 15 years., Jay Patel Co-Founder & CTO2x mobile app founder. In 2020 he started the non-profit social-justice app FireWatch and grew it to 12k users. He leads the development and engineering efforts at Cambio.
Reveal the Score by Voting
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Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
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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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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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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
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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.
