Convertible Notice
08/10/2022
Monetary & Insurance coverage Merchandise & Companies
FlexPay, with a valuation of $8 million, is elevating funds on MicroVentures. It’s a save-now-pay-later service supplier in Kenya. The service permits customers to order services or products on-line and make installment funds over time. FlexPay primarily works for non-banked and underbanked prospects who do not need the buying energy to pay for issues directly. The enterprise has been worthwhile over the past two years, with revenues of $290,522 and a internet revenue of $20,032 in 2021. Richard Machomba and Johnson Mwangi based FlexPay in December 2019. The present crowdfunding marketing campaign has a minimal goal of $50,000 and a most goal of $1,070,000. The marketing campaign proceeds can be used for advertising, product improvement, future hires, enterprise operations, and dealing capital.
Abstract Revenue and Loss Assertion
|
Income |
$290,522 |
$255,055 |
|
COGS |
$0 |
$0 |
|
Tax |
$8,585 |
$13,178 |
|
|
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|
|
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|
Web Revenue |
$20,032 |
$30,405 |
Abstract Stability Sheet
|
Money |
$157,082 |
$150,000 |
|
Accounts Receivable |
$102,367 |
$96,352 |
|
Whole Property |
$262,063 |
$250,989 |
|
Quick-Time period Debt |
$13,503 |
$17,868 |
|
Lengthy-Time period Debt |
$3,716 |
$133,309 |
|
Whole Liabilities |
$17,219 |
$151,177 |
Financials as of: 08/10/2022



