Fama Cash is a Title III - Regulation Crowdfunding Campaign and is actively accepting investments.
$500.00 minimum investment

Fama Cash

Mobile wallet marketplace

Small OPO
Alpharetta, GA
Financial Services
Accepting International Investment
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Famacash is an independent platform unlike Apple Pay, Samsung Pay or Google Pay. As a mobile and open digital payments marketplace, we will give customers and merchants the flexibility to use multiple services from one company. Fama provides products for all components of the payments ecosystem, including local and international money transfer, airtime recharge, bill payment, savings and emergency accounts, cash advances, gift cards, deals, coupons, as well as merchant processing and big data services -- all from one, easy to use, private label and white label solution.


All of our software is home grown and we are continuously developing new software to stay ahead of the competition. 

Investment

We are looking to raise $1,000,000. 

Each share is $1.00/share | $1,000,000 goal

Pre-Money Valuation is $16.3M

Perks

If you invest $50,000.00, you will receive an unlocked iPhone 7.

If you invest $100,000.00, you will receive an Apple Macbook Pro.


Disclaimer

The price of the shares merely reflects the opinion of the Company as to what would be fair market value. All investments entail risks. There is no guarantee that Company will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term. No representation is being made that product or strategy will or is likely to achieve profits, losses, or results similar to those discussed if any. This information is provided with the understanding that with respect to the material provided herein, that you will make your independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your judgment, and that you are capable of understanding and assessing the merits of a course of action. We have not undertaken any efforts to produce a valuation of the Company.


We believe that our innovation and commitment to providing our customers with a reliable, secure and efficient product will garner the confidence of our shareholders.

Payments Processing

The handling of electronic payment transactions for merchants. Merchant processing activities involve obtaining sales information from the merchant, receiving authorization for the transaction, collecting funds and sending payment to the merchant.

mCoupons

Mobile Coupons (mCoupons) are a mobile solution that enables customers to receive, save and redeem coupons on their mobile phones. The mCoupon application from Fama is further integrated with the Fama payment platform and social media to extract, save and redeem coupons at the point of sale, anywhere and anytime.

mDeals

Deals are similar to Groupon deals in which merchants sell goods and services at a significant discount. Customers buy these offers ahead of time and come to the store to redeem the deal. We are different than Groupon -- We don't charge merchants 40% of their sale and we don't force them to make a big price cut.

mGift Cards

M-gift cards work just like regular Gift Cards, except a digital card with a code is emailed or sent by SMS to the recipient. A copy of the m-Gift Card will also be sent to the purchaser as confirmation of successful delivery. M-Gift Cards are used just like regular gift cards, both online and in stores.

Remittances

A transfer of money by a foreign worker to an individual in his or her home country. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. In 2016, according to the World Bank Report, $540 billion was spent in global remittance.

Global Airtime Top-Up

Airtime transfer is just like a gift card. It enables customers to top up the mobile phone of friends or relatives. The recipient must have a prepaid mobile account and the person who initiates the top-up can get this over the Internet, in a retail outlet or from a mobile phone wallet. Fama will accomplish this through direct connection with local aggregators.

Person-to-Person Payment (P2P)

Person-to-person transactions are conducted by the average consumer many times per year; examples of these transactions include sending money to a child at college, paying a friend back for your share of a lunch bill, paying the babysitter and sending money to family or friends.

Cross-Border & Domestic Bill Payment

An online and mobile service that allows you to pay your bills through your Fama Account. You can set up one-time payments, schedule future payments or create recurring payments from your Fama cash, savings account, checking account, safe balance banking account or from your home equity line of credit.


  • Send money to someone locally or internationally 
  • Buy airtime minutes for families in 200 countries
  • Pay bills
  • Send gift cards locally or internationally
  • Receive coupons and deals from favorite merchants
  • Visit agent/merchant locations to load cash into Fama account
  • Withdraw cash from you Fama account
  • More great features to be added

We offer a marketplace with multiple solutions --  Fama offers unbanked and banked customers a convenient and economic way to send money to anyone within the United States and many countries around the world. Customers can recharge their mobile phone in 200 countries. Merchants can process and receive mobile payments in real time and within minutes, create and push m-coupons, set up m-gift cards, m-loyalty points, and location-based deals. All of Fama's solutions work within the United States and abroad through a direct or indirect network. We are an innovative provider for cross country customer m-commerce and engagement. With a white-label platform, we also provide consultancy, big data and mobile marketing managed services for mid-size and large retailers. 

Year after year, the opportunity for mobile payments growth and usage has continued to expand. Current consensus is that the worldwide mobile payment opportunity stands at about USD $620 billion. This opportunity has the potential to exceed over USD $1 trillion by 2019. In terms of number of users of mobile payments, this figure currently stands at fewer than 500 million users and is projected to be just under 900 million users by 2019 (Sources: Bloomberg, Statista, US Aid, 2016). Considering that there are currently over 6 billion cell phones in the world, however, this figure of 900 million may be under-estimated. Regardless of the accuracy of these estimates, it is indisputable that mobile payments represent a massive opportunity in the great majority of the world’s markets, both in the short and the long term.

Mobile payments present an opportunity not only for the sort of transactions that are already part of traditional financial services, but also to capture small ticket transactions that have traditionally been carried out using cash.  Mobile value-added services will provide an incentive for the consumer to use a mobile payment in lieu of cash.


The market for global mobile wallets is growing steadily and we believe it is conducive to the vision of Famacash. According to Allied Market Research, the global mobile wallet market is expected to reach $5 trillion by 2020, growing at a CAGR of 127.5% from 2013 to 2020. Additionally, close to half of U.S. smartphone owners (around 113 million people) used a mobile wallet in 2017 and this number is expected to keep growing.

A customer can send money to someone locally or internationally using three different channels: i) the Famacash mobile app, ii) the Famacash online app, iii) the Famacash agent locations. A customer can buy airtime minutes for families in 200 countries. A customer can pay bills. A customer can send a gift card to someone locally or internationally. A customer receives coupons and deals from favorite merchants. An unbanked customer can go to one of our agent/merchant locations and load cash into his/her Fama account. A customer can withdraw cash from our agent locations. Very soon a customers will be able to save money in a saving or emergency account and will earn interest from their deposit. In the future, Famacash aspires to offer loans to customers and merchants.

Competition

FAMA recognizes that the payments industry is a highly competitive one. Players in the mobile wallet market include mobile platform providers such as Google and Apple; retailers and merchants such as Wal-Mart, Target, and Starbucks; payment providers such as Visa, Master Card, and Discover; mobile network operators such as Sprint, Verizon, and T-Mobile; banks such as U.S. Bank, Chase, and Bank of America; and software startups such as Square, Softcard, and Paypal. The global mobile wallet applications market includes mobile commerce, mobile ticketing, mobile coupons, mobile transfer, and micropayments. However, there are two main issues that are unaddressed by the current players in the market. First, mobile phones are multifunctional devices that allow for a variety of communication methods, from ubiquitous voice and SMS channels to more sophisticated software applications or web browsers. However, to be a viable solution for mobile money, the channel should ideally be universally available to every type of mobile phone as well as secure. In the United States, all services are solely smartphone based and cannot be accessed through all phones. Secondly, there have been a number of players such as Apple, softcard, Google, and PayPal, in the market finding nominal success with their mobile wallet applications.  However, with consumer adoption expansion, it will be important to offer a more valuable wallet with more functionality, personalization and integration without compromising security.


YEAR 1

Consumers will receive foreign remittance and e-gift cards as they will receive personalized offers and discounts from local merchants. In phase one, Fama will enable consumers to send and receive money and e-gift cards, bill payments, airtime top-up, merchant payments, online payments, e-ticketing, check deposit and receive coupons and offers. Fama will enable merchants to push coupons, e-gift cards, and rewards point to consumers as well as receive mobile and online payments.


YEAR 2

Famacash will offer restaurant ordering, online booking, and mobile shopping and a mobile credit card. For merchants, Fama will offer full-service POS (point-of-sale) solutions.


YEAR 3

Fama will add more innovative features to generate more revenues and sales. For instance, the company will add a buy/sell platform where consumers will be able to buy and sell used products (similar to eBay) and establish a Fama mobile marketplace, where goods will be sold online like Amazon. Fama, Inc. would also like to pursue wearable devices manufacturing and software applications that can be bundled together for solving the daily problems of consumers and merchants. Overall, the company would pursue new innovative mobile technology in order to always focus on staying ahead of their competition.


Our Famacash journey has led us to complete an entire platform which allows customers and agents to perform financial transactions via our mobile app and web-based interfaces. Clients and agents can send and receive money to and from 50 countries and have the option to either deposit to a bank account, cash pick, or send to a mobile wallet. Customers will be able to buy gift cards, purchase deals, redeem coupons, pay bills, cash in or cash out, and get cash back. In November 2017, we plan to roll out the taxi calling and Fama driver platform as we continue to evolve into the go-to service for customers' finance. We have chosen to engage in a crowd-funding round in place of venture capital at this particular stage. We have a vision, robust strategy, a dynamic product, qualified leadership and the ability to attract the best minds in the industry as we move forward. We are currently seeking the financial resources to bring our product to market.

Offering Summary

Maximum 1,000,000 shares of common stock ($1,000,000)

Minimum 10,000 shares of common stock ($10,000)


Company
Fama, Inc.
 

Corporate Address
13010 Morris Road, Building 1, Suite 600, Alpharetta, GA 30004
 

Description of Business
Famacash is a mobile financial services company. Using the Famacash app and website customers can send money, airtime, gift-cards, and deals. Merchants can push deals and coupons to customers using Fama.
 

Type of Security Offered
Class A Common Stock
 
Purchase Price of Security Offered
$1.00 per share
 

Minimum Investment Amount (per investor) 
$500












Perks

$50,000+ investment will earn an unlocked iPhone 7

$100,000+ investment will earn an Apple Macbook Pro


Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$1,937.00 USD
$2,219.00 USD
Cash And Cash Equivalents
$947.00 USD
$2,219.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$0.00 USD
$0.00 USD
Long Term Debt
$74,485.00 USD
$8,697.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$635,732.00 USD
$276,138.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$636,241.00 USD
-$276,138.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Notice of Funds Disbursement

19 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Fama Cash has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Fama Cash be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Fama Cash is Conducting a Close on Their Offering

about 2 months ago

Fama Cash has exceeded their minimum funding goal and are continuing to accept investments through 9/28/2017.

Per their offering terms, and because their equity crowdfunding campaign has now exceeded the minimum funding goal by over 59%, they have decided to conduct a closing on 8/8/2017. If your funds have cleared you will have up until 48 hours prior to this closing to cancel your investment. If your funds have not yet cleared by this date, then you will be part of the next closing if and when your funds do clear.

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