Hundy, Inc. offering is now closed and is no longer accepting investments.

INVEST IN HUNDY, INC. TODAY!

P2P Microloans for America's New Middle Class

Hundy helps people get loans and deposit advances of up to a few hundred dollars from the people around them via a friendly, mobile-only app. What makes Hundy unique is the loyal community it has built around those who share and celebrate their good character, a key component of creditworthiness that has been lost in the age of FICO.

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.
Hundy, Inc.

$96,591.34 Raised

REASONS TO INVEST

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10,000+ originations on volume of $1.1M

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Now in 9 states, and expected to be in 18 by Jan 2021, with a 61% compounded monthly growth rate for new state originations over the past quarter

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Consistently ranked by Apple in the App Store’s top 200 Finance apps - currently charting at #119


A unique approach to P2P lending


We have brought to life a unique approach to peer-to-peer lending that enables non-accredited investors to get back in the game. We have raised over $1 million from 500+ investors who believe in our vision to make small-dollar loans affordable to anyone who’s creditworthy, while turning borrowers into investors. This includes  $225k raised in 2019 and 2020 in two previous crowdfunding campaigns. As we expand across the country, we are looking to further partner with the crowd to help fuel our growth as well as source the capital to provide a much needed financial cushion to America’s new middle class.

Most of the country is living on the edge


In the past three decades, the median household income has risen 14%, while average house prices soared 290% (Wall Street Journal, Aug 2019). Despite the longest economic expansion in US history over the past decade, with wage growth failing to keep up with the rising costs of housing, health care, and college, much of the country feels crushed under the weight of a financial burden. These moments can be terrifying – waiting for a paycheck to arrive just to be able to pay rent, keep the lights on or buy food. And now, due to COVID-19, the situation just got worse for millions more. According to a just-released Federal Reserve study, around 40% of Americans earning less than $40,000 a year lost a job in March 2020 alone. 


This can force people into using debt traps, like payday loans, that charge enormous interest over the first two weeks of a loan or can very quickly bury the borrower by forcing them to pay off one loan with another. Or, they may end up paying bank overdraft fees or late fees, which can be even more expensive. Some may be lucky enough to be able to borrow from friends and family, but that can come with feelings of guilt and embarrassment. On the other side, you may want to lend money to a friend or stranger, but are worried that it won't be paid back. No one wants to be in these situations, but the reality is that they happen, and they are happening ever more frequently in the new reality we now live in.

Reward doing the right thing


Hundy has created a peer-to-peer lending community that rewards good behavior and celebrates those who do the right thing. This mobile-focused community for personal loans allows people to get the money they need quickly without going through back channels or putting themselves into financial peril. Hundy offers a financial cushion to those who are creditworthy but don't have the best credit by traditional measures, while rewarding both borrowers and lenders through a point system that allows them to earn badges and ascend in levels, demonstrating their good character to the community.


With Hundy’s mobile app (available for both iOS and Android), you can get a loan or a deposit advance up to $500 through an account that can be set up in just a few minutes. Borrowers will then receive their funds in just one business day. Hundy borrowers are given 31 days to pay back a loan (or 61 days for an advance), with a 60-day grace period if they’re unable to pay the loan off in the original time given. Throughout this time, there is an open line of communication with Hundy that helps to maintain one’s good status within the community. When users pay back their loans on time, they are given the opportunity to receive larger amounts in the future, and in addition to that, both borrowers and lenders receive points when this happens, which can be used by borrowers towards discounts on loans or earn lenders additional cash back on their investment.  And once a borrower makes it to the top level, Hundy will match their points so they can become a lender at very preferential terms, giving many their first long term investment.


Serving America's new middle class


Over three-quarters of U.S. workers live paycheck-to-paycheck (CareerBuilder survey, January 2019), so the situation was already bleak for our new middle class. Mid-pandemic, per the New York Times, "lines of cars stretch for miles to pick up groceries from a food pantry; jobless workers spend days trying to file for unemployment benefits; renters and homeowners plead with landlords and mortgage bankers for extensions; and outside hospitals, ill patients line up overnight to wait for virus testing." Shown below: People waited in cars for food distribution in San Antonio in early April. “It does underscore the fact that so many people in our country live on a precipice,” a national food bank executive said. (Associated Press)

Given this backdrop, it's no wonder that quick access to affordable cash - even a few hundred dollars - is a must-have for most Americans. According to self-reported survey data collected with each Hundy loan, the number one use of Hundy is to buy groceries followed closely by utilities, a car payment, and help with rent. Over 75% of Hundy's borrowers make less than $60k per year.


Through July 2020, we were lending exclusively in California and have originated over 10,000 loans on volume of $1.1M. We currently have over 1,200 active borrowers and investors in our community. Over 1/3 of borrowers participate in the community, which means they have paid off their loans early or on time and are posting these achievements on the Hundy Hub for everyone to see. In August 2020, we began a geographic expansion by tapping into our nationwide waitlist (currently over 250,000 users), and by early Q1 2021 we should be in 17+ states.

An ecosystem with network effects


On the demand-side of the marketplace, we’ve built a community of borrowers who are looking to benefit from their good character and reliability. On the supply-side, Hundy accepts accredited and non-accredited investors who pool their money together to lend to our borrowers. We incentivize both sides of the marketplace for posting and celebrating their achievements as well as encouraging all to do the right thing.

 

In our hybrid, two-sided marketplace model, Hundy is the lender of record, loaning money to first-time borrowers at a cost about half of what a typical payday lender charges (177% APR during the initial 31-day term), which then drops to 60% if the term is optionally extended to 90 days (we also have a new, interest-free deposit advance product with a 61-day term that is paid for by recipient via an optional donation).  Over time, due to the unique data produced by our growing community along with our proprietary AI approval models, our underwriting will improve, which should allow us to reduce our default rate while increasing the approval rate of quality applicants. Finally, both top-rated borrowers and lenders  have the opportunity to own a piece of the company incentivizing viral promotion as the company continues to grow. Once we get these three flywheels working in concert, we'll have a powerful engine for growth.

Momentum since the last crowdfund


We couldn't have been more pleased to have added over 450 new investors to the Hundy community  during our two raises with StartEngine over the past year. This has created some great momentum for us as we head into 2021:


  • YoY growth: We doubled loans originated and loan volume and expanded the waitlist by over 50% to over 250,000 users.
  • New growth: We rolled our Deposit Advance product to eight states (with more on the way) achieving a CMGR of 61% over the past quarter.
  • Product: Launched the investor side of the platform in beta with over 25% of our investors sponsoring borrowers and added customer cash flow analysis to our credit model increasing our application approval rate by over 40%.
  • Coming next: In Q1 2021, we anticipate a full release of the investor side of the platform allowing our investors to redeem their points for cash, members and investors to follow each other and over 30 Guru-level borrowers to become investors.

The Numbers (thru November 2020 - except where noted)

  • App installs:  318,829

  • Waitlisted users:  251,629

  • Originations:  10,146

  • Transaction volume:  $1,132,250

  • November gross revenue:  $6,929

  • Trailing 6-month revenue CMGR:  9%

  • Loan payback rate:  90.7%

  • Annual borrower retention rate:  82%

Expanding our reach going forward


To date, our marketing has been focused on organic channels and primarily our ASO (App Store Optimization) efforts. As a result, almost all of our app installs have been sourced from the app stores, of which 90% are iOS and 10% Android. Due to licensing restrictions on small-dollar loans in the US, we have been limited to lending in California, so over 85% of our user acquisition has fallen onto the waitlist. Going forward, our plan to is to expand our available audience via our new deposit advance product, and to tap into that new audience using the following marketing channels:


  • Opening Waitlist: As we enter each new state, we invite people in from the waitlist - in some states, this is tens of thousands of users.
  • Paid Ads: We've spent the past 6 months testing different ad channels and have been able to get one channel down to a CAC (customer acquisition cost) that is at the magic one-third of our CLTV (customer lifetime value). We plan to allocate close to 15% of the proceeds from the raise to advertising on this channel.
  • Android/Mobile Web: At less than 10% of our current customer base, Android users are a clear opportunity for us. Due to restrictions that Google has announced for small-dollar loans, we'll be releasing a mobile web version of our app to give Android users easy access to Hundy.

Hundy has created a unique community


While there are other consumer lending apps focused on non-prime loans of less than a few thousand dollars, Hundy is unique in this category because of its community-centered design. There are three layers to our platform design that each build upon the Hundy community – and the Hundy community is what sets us apart. 

 

The first layer is a social feed where community members can share their achievements of good character, i.e. paying a loan off early, paying off on time, or paying off after entering the 60 day installment period. Second, with this offering, we are once again opening up Hundy to non-accredited investors by enabling them to purchase a promissory note convertible into Hundy equity with an ability for these investors to sponsor individual members in the Hundy community. They can sponsor anyone, or specifically look for people whose stories and/or background that they identify with. And last, both borrowers and lenders will be given an ownership opportunity in the ecosystem they help to create. This truly gives borrowers a path to financial independence, and lenders a way to help them get there while earning cash back. 


We have passion and experience


At the helm of Hundy is Pete Budlong, a veteran of two-sided marketplaces and mobile marketing platforms including Classifieds2000, Excite, Soundflavor and Yelp. Also leading Hundy is Ram Hegde who has directed engineering teams at both Nokia and Intel. Ram was hired to build the Hundy MVP prior to the founding of the company. He then came on as co-founder to build Hundy’s current platform. Our small, but close-knit team is deeply passionate about expanding financial inclusion to anyone with good character. We believe that rewarding good behavior helps to empower those who need a boost and, by creating a unique two-sided mobile marketplace for loans, we are ushering in an era in which we can say 'goodbye' to predatory lending.

Here's what our customers are saying


I appreciate you guys so very much. Thank you 

- Jose T., Van Nuys, CA on 11/21/20

 

Thanks for following. Awesome customer service. I’ll invest again because of this experience.  Thank you! 

- Ricardo R., Lake Forest, CA on 8/5/20

 

I cannot tell you how much of a relief that is thank you so much for being flexible with me and working with me thank you so very much! 😢😢😭😭❤️

- Racheal E., Claremont, CA on 5/16/20

 

Thank you Hundy happiness team I promise that I will take care of it as soon as I can and pay the balance off and make this right I appreciate you working with me.

- Leah M., Ventura, CA on 4/2/20

 

Thank you so very much.. I am now able to purchase my insulin from the Walmart Pharmacy. Hundy is truly an incredible service, as I’ve never had such support in the past with other companies..

- Michael D., San Diego, CA on 12/18/19

 

You guys are honestly life savers !!! You don’t know how helpful this was to me and appreciate it!

- Jose P., Garden Grove, CA on 10/22/19

 

Appreciate it and so much thanks to you.. and the whole Hundy team!

- Ariel L., Salinas, CA on 10/7/19

 

Meet our Gurus and Ninjas


Our community is nearly 20,000 members strong, and at the top we currently have 30 Guru and over 100 Ninja borrowers, which are the two highest status levels in the Hundy point system. Once a borrower becomes a Guru, they unlock their ability to become investors on the platform. This will be quite a turnaround for these folks who just a year or two ago were struggling to borrow a few hundred dollars.

P2P lending 2.0 powered by Hundy

The one disappointment of the last decade is the lack of opportunity for individual investors, particularly non-accredited investors.


   — Peter Renton, Co-founder Lendit & Editor Lendacademy.com

We envision a world in which anyone who is creditworthy has access to an affordable financial cushion from the people around them, particularly non-accredited investors. With the growing financial struggles facing our new middle class, the ubiquity of mobile devices, and the new crowd-based regulatory advancements made available by the JOBS Act, we believe Hundy is perfectly positioned to deliver on our vision as these three major generational shifts come together.

Invest in Hundy


We chose to work with StartEngine because allowing real people, not elites or institutions, to invest in loans via Reg-CF is fundamental to our business model. In addition, equity crowdfunding enables both our borrowers and investors to own a piece of the company giving everyone an opportunity to participate in the business.


The growth of our borrower community based on the sharing and celebration of good character is accelerating. After our first crowdfund offering went live, we added our crowdfund investors to the community for the first time. Shortly after this offering goes live, we'll further link our members and investors together in the community while expanding our geographic reach significantly. Please join us in making this a reality by becoming part of the Hundy community with your investment today!

Quick Insert

ABOUT

HEADQUARTERS

45 SW 9th Street, Suite 2810
Miami, FL 33130
VALUATION

Hundy helps people get loans and deposit advances of up to a few hundred dollars from the people around them via a friendly, mobile-only app. What makes Hundy unique is the loyal community it has built around those who share and celebrate their good character, a key component of creditworthiness that has been lost in the age of FICO.

TEAM

Pete Budlong
Pete Budlong
Founder, CEO & Director of Hundy, Inc.

Pete Budlong is a 3-time entrepreneur and seasoned start-up operator with over two decades of experience at online marketplaces and mobile marketing platforms. He was on the founding team and led business development at Classifieds2000 (acquired by Excite), one of the first two-sided marketplaces on the web. Nearly a decade later, he co-founded Soundflavor (acquired by Ricall), a digital marketplace focused on music discovery. In 2016, motivated by his experience with the lack of access to credit following the Great Recession, Pete founded Hundy. He is the company's full time CEO. Pete believes in giving back and has been the charter donor to two major philanthropic causes: the World Peace Rose Garden at the Cailfornia State Capitol and the "Power of One Lunch with Warren Buffett”. Pete holds a BS in Electrical Engineering from the University of the Pacific.

Ram Hegde
Ram Hegde
Co-Founder & VP Engineering

Ram is dynamic engineering leader with a solid track record of building great engineering teams and delivering innovative solutions in mobile, consumer internet, and open-source software. Previously, he co-founded Clef Software, which delivered educational apps with over 500k installs. Ram's experience ranges from start-ups to large technology companies including Nokia and Intel. After successfully delivering Hundy’s MVP as a consultant, he joined Hundy as a co-founder and runs technology development for us out of our office in Bangalore, India. Ram has his diploma in Computer Science & Engineering from SJ Polytechnic and completed the Executive Management Program at the Indian Institute of Management, both in Bangalore.

Mukesh Gami

Mukesh Gami

Full Stack Engineer

Mukesh started his career working for Ram building the back end of Hundy’s MVP. He quickly demonstrated his versatility by picking up Swift in his spare time, took over all iOS responsibilities, and is now a full stack iOS developer. He is Computer Science graduate of Bharath University in Tamil Nadu, India.

Jessica Burns

Jessica Burns

Marketing Lead

Jessica is an outstanding social media marketer who knows her craft well. As a consultant, she helped us launch our first equity crowdfund raise, which was completed in a speedy two weeks, and has continued to bring value to our ongoing marketing efforts. She also stepped up to help us with customer service and is loved by our customers and partners alike.

Brian Gunn

Brian Gunn

Senior Consultant, Credit Risk

Brian is one of Hundy's earliest investors and supporters. He is an accomplished executive with 15 years of experience leading sales and business development teams while growing financial technology and data & analytics businesses. He heads up our alternative credit and AI efforts.

Claudette Ngai

Claudette Ngai

Senior Advisor

Claudette started with Hundy as a UX design intern and was quickly promoted into product management. She is the consummate team player and the UX ‘true north’ of Hundy. Her design philosophy stresses empathy, critical thinking and adaptability. She has a wide skill set that spans the design process, including user research, interaction design, visual design, usability testing and front-end development.

Nader Nejat

Nader Nejat

Senior Advisor

Prior to the founding of Hundy, Nader was the first guy we tapped to design our mobile-native UX. Instead of just building what we asked for, he started by helping us to develop our product strategy, which is still paying dividends today. He’s a business savvy UX design professional with 15+ years experience delivering exceptional customer experiences.

Shailesh Bhat

Shailesh Bhat

Senior Advisor

Shailesh and Ram were partners in the company that built our MVP, and he played a key role in getting Hundy launched. As Walmart’s Global eComm Director of Product Management, he specializes in creating value through products that solve real customer problems.

Gil Silberman

Gil Silberman

Advisor

Gil has been our corporate legal advisor, mentor and a voice of reason over the years at Hundy. As Forge’s Co-founder and former Chief Legal Officer, he most recently lead corporate structuring and finance as well as legal strategy for this high growth Silicon Valley startup. He is now the Managing Partner at Luca Ventures.

Paul Soter

Paul Soter

Advisor

Paul Soter has significant experience gained in government service, at major law firms, and as in-house counsel to a major bank. He helped design our regulatory stack and provides invaluable guidance on financial services, payments, fair lending and consumer crediit.

Diana Hwang

Diana Hwang

Advisor

Diana was brought on as an advisor to help redesign our products. She designs with clarity and believes that clear communication is key to creating positive experiences. She loves solving pain points by designing intuitive and polished interfaces. We greatly value her guidance as we build products our customers love.

Shantanu Rangnekar

Shantanu Rangnekar

Advisor

Shant was our first advisor as well as the first lender on the Hundy platform. His teams have been responsible for award winning apps with millions of downloads and millions of dollars of revenue. He is currently the VP of Product Management of Commercial Mobile Banking at Wells Fargo.

Nish Nadaraja

Nish Nadaraja

Advisor

Nish helped us early on to develop Hundy’s brand voice and community strategy. As the original community manager at Yelp and one of its first employees, he created the Yelp Elite program, published and edited the Weekly Yelp and guided their early brand strategy.

Tom Algie

Tom Algie

Advisor

Tom provides us with guidance on customer acquisition, anti-fraud technologies, and credit modeling as well as borrower licensing structures. As IDology's National Sales Manager for Consumer Finance, he builds trusted relationships with clients and partners.

Jon Lamb

Jon Lamb

Founding Investor

Jon was the first angel investor in Hundy and has provided invaluable guidance on business strategy, marketing and fundraising since our founding. As a former founder with multiple successful adtech exits, he is now an early stage investor in multiple consumer direct, fintech, and martech companies in and around Miami.

Jarrod Glandt

Jarrod Glandt

Founding Investor

Jarrod is one of Hundy’s earliest investors and our biggest cheerleader. He heads up global sales at Cardone Training Technologies based in Miami, and also co-hosts the Young Hustlers, a Gen Y focused Business and Success Podcast, which covers the challenges that over 80 Million millennials entering the workforce will encounter.

TERMS

Hundy, Inc.
Overview
INTEREST RATE
6.0%
MATURITY DATE
Dec 1, 2022
VALUATION CAP
$5.75M
AMOUNT RAISED
$96,591.34
Breakdown
MIN INVESTMENT
$100.00
DISCOUNT RATE
20.0%
CONVERSION TRIGGER
OFFERING TYPE
Convertible Notes
TYPE OF EQUITY
Non-Voting Common Stock


Company

:

Hundy, Inc.

Corporate Address

:

45 SW 9th Street, Suite 2810, Miami, FL 33130

Offering Minimum

:

$10,000.00

Offering Maximum

:

$396,724.79

Minimum Investment Amount

(per investor)

:

$100.00











Terms


Offering Type

:

Convertible Promissory Notes

Type of Equity Converted Into

:

Common Stock

Conversion Trigger

:

$1,500,000.00

Maturity Date

:

December 01, 2022

Valuation Cap

:

$5,750,000.00

Discount Rate

:

20.0%

Annual Interest Rate

:

6.0%
















What is a Convertible Note?

A convertible note offers you the right to receive Common Stock in Hundy, Inc.. The amount of Common Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $1,500,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $5,750,000.00  Valuation Cap or if less, then you will receive a 20.0% discount on the price the new investors are paying.  You also receive 6.0% interest per year added to your investment.  When the maturity date is reached, if the note has not converted then you are entitled to receive Common Stock equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).



*Annual Interest Rate subject to adjustment of 10% bonus for StartEngine shareholders. See 10% Bonus below.

COVID Relief

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).

Expedited closing sooner than 21 days.

Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).

Investment Bonuses*

Time-Based

Invest in Week 1 - Get a 20% bonus on the Convertible Note interest rate

Invest in Week 2 - Get a 15% bonus on the Convertible Note interest rate

Invest in Week 3 - Get a 10% bonus on the Convertible Note interest rate

Invest in Week 4 - Get a 5% bonus on the Convertible Note interest rate

* $400 minimum investment required to receive perks

Amount-Based

$100+ 

All investors (currently iOS device required) receive 1 member sponsorship option (per $100 invested) in the Hundy app community for a period of 6 months.

$1,000+

Investment

Tier 1

Receive 10 member sponsorship options in the Hundy app community with a bonus 3 months beyond the standard 6 month term offered to all investors in this offering (9 months)

$2,500+

Investment

Tier 2

Receive 25 member sponsorship options in the Hundy app community with a bonus 6 months beyond the standard 6 month term offered to all investors in this offering (12 months)

$5,000+

Investment

Tier 3

Receive 50 member sponsorship options in the Hundy app community with a bonus 9 months beyond the standard 6 month term offered to all investors in this offering (15 months)

$10,000+

Investment

Tier 4

Receive 100 member sponsorship options in the Hundy app community with a bonus 1 year beyond the standard 6 month term offered to all investors in this offering (18 months)

*All perks occur when the offering is completed.

The 10% Bonus for StartEngine Shareholders

Hundy, Inc. will offer 10% additional bonus interest for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

Eligible StartEngine shareholders will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering. This means your annual interest rate will be 6.6% instead of 6%.

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 cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

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. Salary payments made to one’s self, a friend or relative.

ALL UPDATES

07.26.21

Hundy just added 12 states.. now in a total of 30!

We're happy to announce that Hundy just added 12 states including Colorado, Wisconsin and Minnesota. This puts us in a total of 30 states with our zero fee deposit advance on iOS devices.

We've got 4 more big states lined up next but need more capital in order to launch them. There's less than 24 hours left in the campaign and we'd love to get your help with our expansion.

Please join our 700+ cumulative investors across all of our raises who are helping Hundy deliver an affordable financial cushion to America's new middle class!

07.09.21

The Hundy app hits its highest ranking yet in the App Store finance category at #110!

In addition, we just topped 1k total originations per month and 1k installs per day for the first time.




07.06.21

Notice of Funds Disbursement

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

Hello!

As you might know, Hundy, Inc. 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 Hundy, Inc. 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

06.29.21

Notice of Funds Disbursement

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

Hello!

As you might know, Hundy, Inc. 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 Hundy, Inc. 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

06.25.21

Notice of Material Change in Offering

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

Hello! Recently, a change was made to the Hundy, Inc. offering. Here's an excerpt describing the specifics of the change:


Issuer extending the end date of the campaign by 30 days.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

06.14.21

We just crossed $100,000 invested!

We're happy to announce that last week we crossed the $100,000 invested milestone.

A big thank you to all of our investors in this campaign for getting us here. We're excited to have all of you as part of the Hundy team!

We also want to thanks those investors who are enjoying their perks and participating in the Hundy app community by sponsoring members. We'll have a bunch of community updates coming your way over the next few months.

For the 2,000+ followers of our campaign who are monitoring our progress, please consider investing to help fuel our expansion while having a little fun participating in our app community. 

-Pete Budlong - CEO, Hundy

05.21.21

Notice of Funds Disbursement

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

Hello!

As you might know, Hundy, Inc. 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 Hundy, Inc. 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

05.19.21

Ex RSA director joins the Hundy advisory board

We are pleased to announce that Erich Breisacher has joined the Hundy advisory board. He has a 25 year background in encryption/security and was Western Director at RSA. He'll be spearheading our DeFi strategy and helping us to build out a seamless investor experience on the Hundy platform.

05.04.21

Advance growth up (32% MoM) while AI drives defaults down!

The first four months of 2021 are off to a strong start.

Deposit advance growth for April came in at 32% MoM, and at the same time, our AI prediction engine is driving default rates down precipitously (see charts below). Total originations came in at 960, just a little bit shy of our 1k goal.

We are actively working on the full investor/community release, and once that's done, we have 16 more states on our target list.

With the continuing origination growth, our capital pool requirements must expand to support it. Please consider participating in the campaign to help us maintain this growth while empowering tens of thousands of Americans to benefit from their good character.



04.21.21

Notice of Funds Disbursement

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

Hello!

As you might know, Hundy, Inc. 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 Hundy, Inc. 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

REWARDS

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

$100.00

All Investor Perk

All investors (currently iOS device required) receive 1 member sponsorship option (per $100 invested) in the Hundy app community for a period of 6 months.

$400.00

StartEngine Owner’s Bonus

This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.

$1,000.00

Tier 1

Receive 10 member sponsorship options in the Hundy app community with a bonus 3 months beyond the standard 6 month term offered to all investors in this offering (9 months)

$2,500.00

Tier 2

Receive 25 member sponsorship options in the Hundy app community with a bonus 6 months beyond the standard 6 month term offered to all investors in this offering (12 months)

$5,000.00

Tier 3

Receive 50 member sponsorship options in the Hundy app community with a bonus 9 months beyond the standard 6 month term offered to all investors in this offering (15 months)

$10,000.00

Tier 4

Receive 100 member sponsorship options in the Hundy app community with a bonus 1 year beyond the standard 6 month term offered to all investors in this offering (18 months)

JOIN THE DISCUSSION













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HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

WHY STARTENGINE?

REWARDS

We want you to succeed and get the most out of your money by offering rewards and memberships!

SECURE

Your info is your info. We take pride in keeping it that way!

DIVERSE INVESTMENTS

Invest in over 200 start-ups and collectibles!

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.

RAISED
$96,591.34
INVESTORS
221
MIN INVEST
$100.00
VALUATION CAP
$5.75M

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Important Message

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. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.


www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.


Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital, LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary, LLC, a broker-dealer registered with the SEC and FINRA/SIPC . You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system regulated by the SEC and operated by StartEngine Primary, LLC, a broker dealer registered with the SEC and FINRA. StartEngine Primary, LLC is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.


Investment opportunities posted and accessible through the site are of three types:


1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.


Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice with respect to any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy or completeness of any information. Neither StartEngine nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. See additional general disclosures here.


By accessing this site and any pages on this site, you agree to be bound by our Terms of use and Privacy Policy, as may be amended from time to time without notice or liability.


Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.


California Investors Only – Do Not Sell My Personal Information (800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.


StartEngine’s Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view StartEngine’s offering circular and risk associated with this offering.