Social Media Gateways
Social Media Gateways
About this raise
Social Media Gateways, with a $12 million valuation cap, is raising funds on Wefunder. The company has developed a borderless digital business platform that enables e-commerce and mobile digital payments from anyone to anywhere. The company has integrated its proven technology platform, Ssnapp, with enhancements to create PaySoko. Moses Kusasira, Tommy Richardson, and Ed Hohmann founded Social Media Gateways in 2012 and have raised over $2.7 million in previous rounds of financing. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $250,000, and the funds will be used for marketing, product development, and product deployment. Social Media Gateways has already launched its product in the US and three key cities in Kenya, Africa.
Investment Overview
Invested : $100,544
Financials
-
Revenue
-
$56.3K
as of FY20
- Monthly Burn
-
$3.6K
as of FY20
-
Runway
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1.1 months
as of FY20
- Gross Margin
-
56%
as of FY20
Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/08/2021 | Wefunder | $12,000,000 | $100,544 | SAFE | Funded | RegCF |