Pngme on SeedInvest

Mobile finance marketplace connecting lenders with borrowers using blockchain technology

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Pngme Website

minimum raise

$25,000

maximum raise

$1,070,000

start date

08/08/2019

stop date

10/04/2019

security type

Convertible Note

investment minimum

$1,000

raised to date

$24,500

reporting date

09/18/2019

number of investors

Not Known

percent of minimum raised

98%

percent of maximum raised

2%

likelihood of reaching max

Likely to Reach Max

dollars per day to reach max

$87,125

dollars per day committed

$598

dollars per day - category-

$1,428

dollars per day committed - all companies

$1,249
Crowditz Momentum

days remaining

12
More SEC Filing Data on Pngme from Crowdfilings.com

Pngme, a mobile lending marketplace with a valuation cap of $6.5 million, is raising funds on SeedInvest. The platform of Pngme is intended to connect lenders and borrowers through blockchain technology. The Pngme mobile app allows lenders to choose borrowers based on their credit score and risk profile and deploy capital in them to generate good rates of return. At the same time, the platform also aims to lower the cost of capital for the borrowers. Pngme was founded by Brendan Playford and Cate Rung in 2018. The current round of pre-seed crowdfunding has a minimum target of $500,000, and the proceeds will be used for business development, engineering, operations, and legal, regulatory & compliance expenses. Pngme already has over 15,000 users on pre-launch waitlist and has signed LOIs with some big money lending companies.