Wefunder
05/23/2022
04/30/2023
$50,000
$250,000
$100
SAFE
RegCF
$7,000,000
0%
Rolling Commitments $
Active
05/23/2022
342
0%
0%
$0
Woodbridge, Virginia
Business Services, Software, & Applications
EnterpriseTech
MINWO, with a valuation of $7 million, is raising funds on Wefunder. The company has created a community-as-a-service platform to prioritize Black business development. The digital ecosystem helps to create generational wealth by scaling Black businesses. It connects businesses to experts, each other, resources, and capital. MINWO has a partnership with an outsourcing company in Nigeria and has four customers onboarding with a strong pipeline. Melanie Akwule founded MINWO in May 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for product development, customer success, and growth marketing.
Summary Profit and Loss Statement
Revenue |
$23,966 |
$34,100 |
COGS |
$0 |
$1,500 |
Tax |
$963 |
$974 |
|
||
|
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Net Income |
$-178,164 |
$-10,050 |
Summary Balance Sheet
Cash |
$-47,190 |
$-2,972 |
Accounts Receivable |
$550 |
$550 |
Total Assets |
$-56,673 |
$-1,937 |
Short-Term Debt |
$6,010 |
$1,777 |
Long-Term Debt |
$100,000 |
$0 |
Total Liabilities |
$106,010 |
$1,777 |
Financials as of: 05/23/2022