INVEST IN HEXANIKA TODAY!
Appealing product: Within the $180 billion regulatory compliance industry, HEXANIKA has demonstrated that it is able to not only reduce the cost of compliance by 50 percent, but also output better quality and transparency of data
Access to Roughly 80% of the Market: HEXANIKA has already formed strategic partnerships with various institutions, providing them access to customers as well as valuable insight for enabling easy adoption of their platform within existing infrastructures.
Industry Validation: HEXANIKA has received multiple awards for innovation in Regtech, including a 2018 Tokyo Financial Times Nikkei Award, a 2019 MEDICI Top 20 Award, a 2020 Citi Scalability Award and more
With its integrated AI-driven data platform and compliance marketplace, HEXANIKA provides a simplified, cost-effective and labor-efficient solution to address the $181 billion industry cost associated with regulatory compliance for banks, financial institutions, insurance companies and more. This end-to-end approach provides better data quality and increased auditability to regulators. Ultimately, HEXANIKA helps to eliminate the billions in losses and fines paid by institutions that can’t keep up with compliance with their hodgepodge of manual labor and patchworked tech solutions.
Experience: 23+ years of experience in banking, financial services, & technology domains.
Senior Vice President at Citibank, & Advisor at Ernst & Young (EY) in the Financial Services Strategy & Risk Advisory practices.
Yogesh is a CPA, and CISA, Data Science Certified from MIT and MBA.
30+ Years at Microsoft in building EXCEL & SHAREPOINT. Have also worked & successfully scaled the technology of several startups.
* Arun is also a children's mystery/adventure novel author.
Maximum Number of Shares Offered subject to adjustment for bonus shares
Invest within the first 48 hours and receive additional 20% bonus shares
Invest within the first week and receive additional 15% bonus shares
Invest within the first two weeks and receive an additional 10% bonus shares
Invest $500 and receive 2% bonus shares
Invest $1,000 and receive 5% bonus shares
Invest $2,500 and receive 7% bonus shares
Invest $5,000 and receive 10% bonus shares
Invest $10,000 and receive 15% bonus shares
Hexanika will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $14 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $1,400. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail. Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
Example - 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.
[The following is an automated notice from the StartEngine team].
As you might know, Hexanika 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 Hexanika 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.
HEXANIKA would like to publicly address the StartEngine platform in regard to concerns related to the market valuation of the company and the dilution of shares upon the next financing round. Our $14M valuation is based on a prior funding round as well as calculation through the use of a 10x revenue multiple. While there are 1,000,000 shares currently outstanding, 642,579 additional shares will be issued and are due to convertible notes and employee sweat equity that will be converted to common shares. This conversion will only be triggered when we successfully complete a $2.5M financing round in the future. Please note that the pre-money market valuation does not take into account any outstanding convertible securities, this has been included in company securities as well as the valuation section. The Company currently has $830,071 in convertible notes outstanding.
Please feel free to reach out with any further questions regarding dilution, valuation, etc.
HEXANIKA signs a contract and partnership with one of the largest Fintech lenders for helping them to attain their strategic data journey via innovation. We look forward to building and taking this partnership to the next level.” - Hexanika CEO Yogesh Pandit
More on this in a later update!"
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Cancel anytime before 48 hours before a rolling close or the offering end date.
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With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
a year ago