Invest in Unbanked | StartEngine

CLOSED

Invest in Unbanked

Connecting DeFi and cryptocurrencies to banks, cards, and other legacy finance

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.

REASONS TO INVEST

ABOUT

HEADQUARTERS

TERMS

Unbanked

Overview

INTEREST RATE

0.0%

DEADLINE

Apr. 15, 2023 at 6:59 AM UTC

VALUATION CAP

$115M

Breakdown

MIN INVESTMENT

$250

DISCOUNT

20.0%

CONVERSION TRIGGER

$1,000,000

OFFERING TYPE

Simple Agreement for Future Equity

Most Recent Fiscal Year-End

Prior Fiscal Year-End

Total Assets

$6,807,535

$1,440,151

Cash & Cash Equivalents

$928,804

$893,707

Accounts Receivable

$79,000

Short-Term Debt

Long-Term Debt

$2,418,078

$2,166,533

Revenue & Sales

$19,850,760

$9,385,513

Costs of Goods Sold

$14,700,506

$7,144,963

Taxes Paid

Net Income

-$114,063

-$1,273,122

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.

A Crowdfunding Simple Agreement for Future Equity (Crowdfunding SAFE) offers you the right to receive Class B Common Stock in Unbanked. The amount of Class B Common Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $1,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $115,000,000.00 Valuation Cap or if less, then you will receive a 20.00% discount on the price the new investors are paying. You will receive no interest on your investment. When the maturity date is reached, if the Crowdfunding SAFE has not converted then you are entitled to receive Class B Common Stock equal to your investment back at a price per security 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).

Irregular Use of Proceeds

The Company will not incur any irregular use of proceeds.

HOW INVESTING WORKS

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

WHY STARTENGINE?

REWARDS

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SECURE

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FAQS

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