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INVEST IN HEXANIKA TODAY!

Succeed With Data

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.

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

$54,323.01 Raised

REASONS TO INVEST

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

ABOUT

HEADQUARTERS
419 Main St Suite 200 North
Little Rock, AR 72114

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.

TEAM

YOGESH PANDIT
YOGESH PANDIT
CEO

The brain behind innovation, strategy & growth​.

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. 

Makarand Gadre

Makarand Gadre

CTO

Experience:

30+ Years at Microsoft in building EXCEL & SHAREPOINT. Have also worked & successfully scaled the technology of several startups.

    Arun Iyer

Arun Iyer

CPO

Arun is a results-driven business leader with a diverse experience of 24 years in areas such as product management, consulting, practice management, business development, and customer relationship in the Banking and Financial Services domain.

* Arun is also a children's mystery/adventure novel author. 

TERMS

Hexanika
Overview
PRICE PER SHARE
$14
DEADLINE
Feb 10, 2022
VALUATION
$14M
FUNDING GOAL
$10k - $1.07M
Breakdown
MIN INVESTMENT
$112
MAX INVESTMENT
$99,988
MIN NUMBER OF SHARES OFFERED
714
MAX NUMBER OF SHARES OFFERED
76,428
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

Time-Based:

Friends and Family Early Birds

Invest within the first 48 hours and receive additional 20% bonus shares

Super Early Bird Bonus

Invest within the first week and receive additional 15% bonus shares

Early Bird Bonus

Invest within the first two weeks and receive an additional 10% bonus shares 

Amount-Based:

$500+

Tier 1

Invest $500 and receive 2% bonus shares

$1,000+

Tier 2

Invest $1,000 and receive 5% bonus shares

$2,500+

Tier 3

Invest $2,500 and receive 7% bonus shares

$5,000+

Tier 4

Invest $5,000 and receive 10% bonus shares

$10,000+

Tier 5

Invest $10,000 and receive 15% bonus shares

The 10% StartEngine Owners' Bonus

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.

PRESS

Article Image
CIO Views

Yogesh Pandit: Enabling Clients to Succeed with Data

Article Image
The Venture Center

#FounderFeature with Yogesh Pandit | Founder + CEO, HEXANIKA

Article Image
Forbes

A List Of Fintech Firms Providing Free Technology During The Coronavirus Crisis

Article Image
Independent Banker

The fintechs building community bank innovation

Article Image
Collision

TOP 10 STARTUPS INVESTORS WANT TO MEET AT COLLISION FROM HOME

ALL UPDATES

11.16.21

Notice of Funds Disbursement

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

Hello!

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.

-StartEngine

11.04.21

Valuation Update.

Dear Investors:

 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. 


 

08.19.21

New Client

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!"

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Hexanika.

JOIN THE DISCUSSION

0/2500

AS
Aurus Sanchez

1 INVESTMENTS

a year ago

How come during this entire period only 52 grand has been invested in? If this company is doing so much great stuff how come there isn’t investors flying to this company?

0

4

RG
Rikesh Govan

11 INVESTMENTS

2 years ago

Are there any updates? Any progress? I see that you have initiated a funds disbursement.

1

0













AO
Anne Oshman

9 INVESTMENTS

2 years ago

Finally, since you keep saying, "Every information we have her is verified and accurate. HEXANIKA has gone through Start Engine's compliance and CPA Review." Why don't I simply submit this as an inquiry to the SEC. It's simple enough to do, as the form can be found here: https://www.sec.gov/oiea/Complaint.html

0

2

AO
Anne Oshman

9 INVESTMENTS

2 years ago

In addition to what I just stated below, in response to Rikesh and ndrius, who voiced the same concerns as myself, Yogesh stated "We understand your concerns. We will get back to you in a couple of days." It's 17 days later and no response. This is another problem, you do not respond to people in a timely manner, if at all.

0

1

AO
Anne Oshman

9 INVESTMENTS

2 years ago

Yogesh asked me "Please explain what is wrong and what have we concealed." What is wrong with what you are doing? You are making a material omission in your pitch and a material misrepresentation on the Search Engine homepage regarding the valuation when the moment this round closes all investors are being diluted by more than 50%. The other thing tha is wroing is that it reflects on your candor and your willingness to hide from investors. Anyomne looking at this as a potential investment would want to know the valuation on a fully diluted basis. Why don't you mention it here? Why isn't it in your pitch? Why don't you tell everyone that the moment after the round closes everyone will face a massive dilution? The reason is quite simple, you think it is to your personal benefit not to openly tell everyone the truth. I would never invest in this deal or in a CEO who hides such important facts from their investor.

0

3

RG
Rikesh Govan

11 INVESTMENTS

2 years ago

Yogesh, this issue is that it is not normal to have such a large dilution of equity in this manner. The manner being that your stated 14M valuation immediately becomes 22M the second this offering closes. That is material. The worst case is that it MAY pull in an SEC inquiry since that dilution is mentioned nowhere except buried in the SEC filing. I have no problem investing, but issues involving compliance can kill a company. Whether I invest or not, I’d love for you guys to succeed. But you can’t have that level of dilution and not mention it anywhere on the offering page.

2

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AS
Andrius Steponavicius

2 INVESTMENTS

2 years ago

How come the extra 640,000 shares was not mentioned in offering summary? Lets say I let you invest in my LLC at 1M valuation for 500k. Then soon as I got your 500k I doubled number of shares raising valuation to $2m. How would you feel as an investor realizing your 50% stake in company is only worth 25%? You wouldn't feel like you were mislead? How come this is coming up via posters here figuring this out from SEC filings instead of numbers provided in offering? For investors there is no worse thing than dilution, its hard to believe you guys left this out with good intentions. Way destroy investor trust from very beginning.

2

1













AS
Andrius Steponavicius

2 INVESTMENTS

2 years ago

"we have 1,000,000 shares outstanding at $14/share, hence the $14M pre-money valuation. The remaining 640,000 shares will be granted after the qualified funding of $2.5M (Series-A round)" Reality is there are 1,640,000 shares? How is this investing at $14M valuation when as soon funding is done current shareholders will bet diluted to $23 million valuation? Highly misleading and appears was done with intent to hide these details. Such drastic difference in shares is akin to losing almost half the investment. Change my mind from canceling my investment here.

1

1













AO
Anne Oshman

9 INVESTMENTS

2 years ago

To Rikesh, Vilem, Kartikeya and everyone else here, The $10,000 drop in funds raised is me exitting this investment. There are many things wrong here that don't need to be rehasehed and are discussed below. The thematic problem here brings my mind back to the boiler room days of the 1980s and 1990s. Companies and platforms that hide and conceal material information are planting the seed for regulators to come back and shut down crowdfunding. Crowdfunding is an awesome way for investors to get in early on potentially exciting and profitable investment opportunites that would not otherwise be available to them. But, it presumes the accurate delivery of information and transparency. What I now see here and in other places in the crowdfunding universe is both extreme valuations and a lack of transparency. Critical information on comapanies, even things like revenue, are frequesntly hidden and need to be searched for. Pitches are being presented that sound like fact and not what they are, hope and projections. And then you have situations like here, where misrepresentations are made not as to a potential amorphis technology, but something as simple as valuation. Companies like this and platforms which allow it are planting the seed for regulators coming in and shutting down crowdfunding. Also, investors need to start paying attention to the growing fees and charges being taken by platforms such as SE, not just in fees associated with paying for your investment, but anywhere from 7.5% to 15% of your investment as front end/back end fees for "creating" the inverstment opportunity. This is all starting to get a bit out of hand to the detriment of gues who? You, the consumer. What is most humerous about all this is that HEXANIKA is in compliance. How do you think the SEC would react to the manner in which they computed their valuation?

3

4













TO
Theodore OSHMAN

17 INVESTMENTS

2 years ago

To say the statement that the valuation is based on $14M, when it is really 22M, is misleading, is being kind. It is a know misrepresentation by both the Company and by Start Engine, the latter of which shares in the raise and was well aware of the hidden dilution. Perhaps this is the reason it took nearly three weeks to answer the question which forced disclosure of this information. I will be exiting this incestment.

2

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HOW INVESTING WORKS

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.

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RAISED
$54,323.01
INVESTORS
82
MIN INVEST
$112
VALUATION CAP
$20M

@ 2022 All Rights Reserved

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