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MINWO on Wefunder 2022

Date:

Platform

Wefunder

Start Date

05/23/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Valuation Cap

$7,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

05/23/2022

Days Remaining

342

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max

Avg. Daily Raise

$0

Momentum

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Location

Woodbridge, Virginia

Industry

Business Services, Software, & Applications

Tech Sector

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

 

 

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

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