{"data":{"type":"company_profile","id":72663,"entity_id":"wefunder:company:72663","attributes":{"canonical_url":"https://wefunder.com/moxey","generated_at":"2026-06-13T22:46:31Z","updated_at":"2026-06-13T05:00:30Z","entity_ids":{"company":"wefunder:company:72663","slug":"wefunder:company_slug:moxey"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-13T22:46:31Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-13T05:00:30Z","as_of":"2026-06-13T22:46:31Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-13T05:00:30Z","as_of":"2026-06-13T22:46:31Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-07-01T23:10:39Z","as_of":"2026-06-13T22:46:31Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-07-01T23:10:39Z","as_of":"2026-06-13T22:46:31Z","confidence":"medium"}}},"company":{"id":72663,"entity_id":"wefunder:company:72663","slug":"moxey","name":"Moxey","tagline":"🔥  Community Currency built to help small businesses grow","elevator_pitch":"Moxey 1) helps local businesses sell more products and services and 2) extends credit to the participating companies and their employees. The Moxey network is built upon an advanced version of barter.","story":"Moxey combines FinTech, AdTech, MarTech, and social good for a powerhouse solution for small businesses. Our fast-growing, proprietary platform gives small business owners access to an interest-free line of credit while driving new customer acquisition.Why Moxey?It can be rough out there for small business owners. In a game rigged to benefit large corporations and massive financial interests, the backbone of the American economy is often left behind. Most small businesses face two major obstacles: getting access to credit, and finding new customers.Moxey is a network that helps small businesses support other small businesses while growing their revenues. Using our proprietary FinTech platform and a modern twist on the barter system, we provide business owners with access to much-needed credit and a new community of incentivized customers.Moxey isn’t just a concept. We’ve proven our platform through the $195M+ in sales facilitated through our network. To date, we’re partnered with 4,000+ small businesses, and we’re available in 16 cities across 4 states. A growing number of business owners benefit immensely from our system, and we’re confident that we can continue on this track to put Moxey in every city, worldwide.Moxey's unique ability to manage the allocation of credit inside the network is one of our most distinguishing assets. Our proprietary system maintains the stability and strength of the currency and includes contactless payment technology and a web-based point of sale system.The time is right for Moxey: between the ever-evolving power of smartphones, a growing fascination with alternative currencies, and a newfound interest in supporting local small businesses, Moxey is perfectly positioned for exponential growth, NOW.The Moxey team: an unbeatable combination of leadership experience in the trade exchange business, sales and marketing, and an extensive background of launching and scaling companies in multiple sectors. This team holds the potential to scale Moxey to epic levels.Watch below for a break down of the Moxey investment opportunity (this is also a great video to share with others).We charge a 10% commission on all revenue created by Moxey. This replaces any costs associated with advertising, sales commissions, transaction fees and financing for business owners, and provides us and our investors with a steady stream of revenue that will only keep growing.Moxey represents a paradigm shift in how local businesses fund their growth and sell unused inventory. As our network grows in size and strength, it will become harder and harder for future competitors to catch up, and we will continue to grow—exponentially.We’re in the business of making a difference, and we have the backing of our entire small business network. In the words of our customers, here’s why Moxey is the right investment:When you invest in Moxey now, you lock-in your stake at our current valuation— before we scale nationally and internationally. We have the tech, we have the team, and we have the passion—now all we need is you.Your investment in Moxey comes with perks! Here’s what you’ll get:Moxey isn’t easily explained in a few words, so we’d love to show instead of tell you how our business works. Here’s the complete scoopWhat Is It\u0026nbsp;and How Does It Work?This short video is a great explanation to the basic question, What is Moxey?And for a more in-depth video on How Moxey Works, watch this one:","location":"Baton Rouge, LA","website":"https://MoxeyUSA.com","total_amount_raised":756888,"total_investors":497,"is_funded":true,"is_active":true,"quality_score":3,"related_urls":["https://wefunder.com/moxey","https://MoxeyUSA.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/72663/xxl_cropped_Moxey_Wefunder_Main.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/72663/large_cropped_Moxey_Symbol_Icon.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/72663/standard_cropped_Moxey_Wefunder_Main.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/72663/standard_cropped_Moxey_Wefunder_Main.jpg","profile_video_url":"https://wefunder.wistia.com/medias/ofe9bsqe0o"},"links":{"company_url":"https://MoxeyUSA.com"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Used by 3,000+ local businesses in 16 cities"},{"index":2,"claim_id":"claim-fact-2","value":"Enables business owners to get new customers \u0026amp; better access to capital"},{"index":3,"claim_id":"claim-fact-3","value":"Robust network with over $193 million in sales of local goods \u0026amp; services"},{"index":4,"claim_id":"claim-fact-4","value":"A community currency that is as easy to use as a credit card or bank account"},{"index":5,"claim_id":"claim-fact-5","value":"Reliable recurring revenue model with a robust growth plan behind it"},{"index":6,"claim_id":"claim-fact-6","value":"Founder has previously built successful FinTech, EdTech, and Digital Marketing companies"},{"index":7,"claim_id":"claim-fact-7","value":"FinTech is one of the fastest growing sectors - 2021 adoption rate of 88% up from 16% in 2015"},{"index":8,"claim_id":"claim-fact-8","value":"129 of our customers have invested $362,000 into Moxey"}],"team":[{"id":1239707,"entity_id":"wefunder:company_role:1239707","user_entity_id":"wefunder:user:1204402","role":"founder","name":"Charlie Davis","title":"President","bio":"Entrepreneur, angel investor and father of four amazing kids. Charlie has previously built successful companies in the FinTech, EdTech and Digital Marketing sectors.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1239707/square_cropped_CharlieDavis_Headshot-Cropped.jpg?1718647602","profile_url":"https://wefunder.com/charlie.davis","linkedin_url":"https://www.linkedin.com/in/charlesmdavis/","twitter_url":"https://twitter.com/charliedavis","related_urls":["https://wefunder.com/charlie.davis"]},{"id":2283230,"entity_id":"wefunder:company_role:2283230","role":"employee","name":"Jack Heaton","title":"Chief Technology Officer","bio":"A decade working as a healthcare technology consultant with a focus on finance and compliance. Jack of all trades developer.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2283230/square_cropped_Image_from_iOS.jpg?1718647602","linkedin_url":"https://www.linkedin.com/in/jack-heaton-62609111/","related_urls":[]},{"id":1376725,"entity_id":"wefunder:company_role:1376725","user_entity_id":"wefunder:user:1285500","role":"founder","name":"Chip Davis","title":"Founder \u0026 Executive Vice President","bio":"Chip has over 20 years leadership experience in the barter/trade exchange business. He is the founder of TradeAuthority LLC now doing business as Moxey. Prior to that, Chip spent 24 years as a franchisee in the education space.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1376725/square_cropped_ChipShot2019Square.jpg?1718647602","profile_url":"https://wefunder.com/chipdavis2","related_urls":["https://wefunder.com/chipdavis2"]}],"featured_investors":[{"id":4595,"entity_id":"wefunder:company_investor_profile:4595","investor_profile_id":1990351,"investor_profile_entity_id":"wefunder:investor_profile:1990351","subject_entity_id":"wefunder:user:2512471","name":"Derek Babcock","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/2512471/medium_blob.jpg","profile_url":"https://wefunder.com/derek.babcock.2","investment_total":16995,"investment_info":"Invested $15,000 this round \u0026 $1,995 previously","is_lead_investor":true,"related_urls":["https://wefunder.com/derek.babcock.2"]}],"investor_memos":[],"tab_counts":{"posts":66,"ask_questions":47,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":53721,"entity_id":"wefunder:fundraise:53721","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"equity","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":100010.56,"funding_started_at":"2022-01-28T01:26:45Z","funding_closed_at":"2022-11-01T04:03:03Z","auto_close_at":"2022-11-01T03:59:59Z"},{"id":53722,"entity_id":"wefunder:fundraise:53722","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2021-11-09T00:03:46Z"},{"id":39076,"entity_id":"wefunder:fundraise:39076","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"equity","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2021-02-26T02:24:42Z","funding_closed_at":"2021-05-01T05:03:48Z","auto_close_at":"2021-05-01T03:59:59Z"}],"latest_fundraise":{"id":53721,"entity_id":"wefunder:fundraise:53721","state":"successful","offering_type":"4(a)(6)","structure":"equity","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2022-01-28T01:26:45Z","funding_closed_at":"2022-11-01T04:03:03Z","terms":{"eb":"$13.6M","nb":"$15.2M","txt":"pre-money valuation"}},"recent_posts":[{"id":178430,"entity_id":"wefunder:feed_item:178430","type":"FeedItem::Update","visibility":"public","title":"Important update from Moxey","preview":"We’re pioneering an entirely new revenue model across all of south Louisiana. This change will help our network grow faster while providing more value to our customers.We’ve replaced our 10% USD commission with a small 3% fee in Moxey.\u0026nbsp;This change makes a Moxey transaction even cheaper than a traditional credit card, enables more businesses to join the Moxey network, and opens our community-backed currency up to entirely new use cases.Ironically, we’re implementing an idea we’ve dreamed ...","published_at":"2024-12-26T14:50:19Z","author_name":"Charlie Davis","url":"/feed/178430","canonical_url":"https://wefunder.com/feed/178430"},{"id":161221,"entity_id":"wefunder:feed_item:161221","type":"FeedItem::Update","visibility":"public","title":"2022 Year in Review","preview":"Moxey's Year in Review is posted on LinkedIN. If we haven't already connected, please follow or connect with me there.The TL;DRWe pioneered a new referral program that helped set records for volume and growth, implemented the world’s only self-balancing currency management system, unleashed new technology, and raised money from friends and customers.\u0026nbsp;And we accomplished all of this while significantly lowering our monthly cash burn rate.You can read the complete update here.","published_at":"2023-02-10T22:28:52Z","author_name":"Charlie Davis","url":"/feed/161221","canonical_url":"https://wefunder.com/feed/161221"},{"id":159233,"entity_id":"wefunder:feed_item:159233","type":"FeedItem::Update","visibility":"public","title":"Q3 Investor Update","preview":"We just emailed an investor update for Q3. If you didn't receive it, please check your spam folders.Thanks for all of your help!","published_at":"2022-11-07T23:03:01Z","author_name":"Charlie Davis","url":"/feed/159233","canonical_url":"https://wefunder.com/feed/159233"},{"id":158701,"entity_id":"wefunder:feed_item:158701","type":"FeedItem::Update","visibility":"public","title":"Rapid Growth","preview":"We're six months into the best performing B2B referral program I've ever seen. The charts below are a peek into our success, but first a few highlights on our new program:recruits new membersrewards \u0026 reactivates lapsed membershelps with new member onboardingturns a small profit36% conversion rateThe first chart shows the membership growth over the past six months in our initial pilot community. From 164 active SMB members to 232 active SMB members.These are paying customers that made at leas...","published_at":"2022-10-11T17:01:14Z","author_name":"Charlie Davis","url":"/feed/158701","canonical_url":"https://wefunder.com/feed/158701"},{"id":155333,"entity_id":"wefunder:feed_item:155333","type":"FeedItem::Update","visibility":"public","title":"Washington DC Update","preview":"I've been in DC all week for meetings and wanted to send out a quick thank you to everyone who is helping us to support small businesses across the country.We take our role of helping small business owners get new customers and better access to capital very seriously. Thanks for all that you're doing to help Moxey spread across the country.Visit wefunder.com/moxey for more information about Moxey.-- CLICK HERE for the Moxey Investment Overview --Thanks.Charlie","published_at":"2022-05-07T23:10:36Z","author_name":"Charlie Davis","url":"/feed/155333","canonical_url":"https://wefunder.com/feed/155333"},{"id":154640,"entity_id":"wefunder:feed_item:154640","type":"FeedItem::Update","visibility":"public","title":"Moxey is as easy to use as cash!","preview":"POWERFUL SEARCHFast, natural language search \u0026nbsp;\"Sushi in Birmingham\". Explore the directory and find new ways to save cash, faster.CASH APP FEATURESSimplified, mobile friendly cash app features. \u0026nbsp;\u0026nbsp;Send Moxey, Take a Payment. Check Your Balance and introducing the newest feature Request Moxey.SAY HI TO NEW MEMBERSReach out to our newest members and\u0026nbsp; introduce yourselves. \u0026nbsp;Click on the more button to find the link. New Members = New Customers!RESET YOUR OWN PASSWORDA For...","published_at":"2022-04-14T18:47:37Z","author_name":"Aimee Supp","url":"/feed/154640","canonical_url":"https://wefunder.com/feed/154640"},{"id":154537,"entity_id":"wefunder:feed_item:154537","type":"FeedItem::Update","visibility":"public","title":"What does Bo Duke and The General Lee have to do with Moxey?","preview":"🎶 Just a good ole boy, never meaning no harm.🎶 -\u0026nbsp;Waylon JenningsWe got you singing it now huh? If you don't know what that is, it's the theme from the iconic show Dukes Of Hazzard. (the original series, not the movieIf you are a fan of the show and the actors who played Bo and Luke Duke, then get ready for this.\u0026nbsp;John Schneider, who played Bo Duke, is holding his annual\u0026nbsp;Bo's Extravaganza: The Last Rally in Holden, Louisiana April 23rd and 24thWhat does this have to do with Moxey...","published_at":"2022-04-12T14:18:59Z","author_name":"Aimee Supp","url":"/feed/154537","canonical_url":"https://wefunder.com/feed/154537"},{"id":154493,"entity_id":"wefunder:feed_item:154493","type":"FeedItem::Update","visibility":"public","title":"What does Bo Duke and The General Lee have to do with Moxey?","preview":"🎶 Just a good ole boy, never meaning no harm.🎶 - Waylon JenningsWe got you singing it now huh? If you don't know what that is, it's the theme from the iconic show Dukes Of Hazzard. (the original series, not the movie If you are a fan of the show and the actors who played Bo and Luke Duke, then get ready for this.\u0026nbsp;John Schneider, who played Bo Duke, is holding his annual\u0026nbsp;Bo's Extravaganza: The Last Rally in Holden, Louisiana April 23rd and 24thWhat does this have to do with Moxey?Loc...","published_at":"2022-04-12T14:02:46Z","author_name":"Aimee Supp","url":"/feed/154493","canonical_url":"https://wefunder.com/feed/154493"},{"id":154373,"entity_id":"wefunder:feed_item:154373","type":"FeedItem::Update","visibility":"public","title":"Viral Growth Discussion","preview":"Hey everyone - please watch this short video and share your ideas in the comment section below.Moxey is already being used by more than 4,000 local businesses, but we want that number to go up, up and up! So please take a minute and share your best growth ideas in the comment section below.Click here for more information about investing in Moxey.Thanks for all you're doing to help us support small business owners and local economies.Charlie","published_at":"2022-04-07T17:14:05Z","author_name":"Charlie Davis","url":"/feed/154373","canonical_url":"https://wefunder.com/feed/154373"},{"id":154179,"entity_id":"wefunder:feed_item:154179","type":"FeedItem::Update","visibility":"public","title":"Moxey Announces Significant Move into Crypto and Web3, to Expand on its over $250M in existing transactions","preview":"Moxey Announces Significant Move into Crypto and Web3,\u0026nbsp;to Expand on its over $250M in existing transactions. Moxey launches first ever stablecoin backed by dynamic reservesBATON ROUGE, LA - Today Moxey announced plans for two interconnected Web3/Crypto products - a stablecoin backed by dynamic reserves and a governance token that earns fees from the network.According to Charlie Davis, Moxey President and CEO, “Unlike most crypto startups, Moxey has a long history of managing digital curr...","published_at":"2022-04-05T16:03:28Z","author_name":"Aimee Supp","url":"/feed/154179","canonical_url":"https://wefunder.com/feed/154179"},{"id":154155,"entity_id":"wefunder:feed_item:154155","type":"FeedItem::Update","visibility":"public","title":"❤️ Hear from a few of our investors who are also our clients! ❤️","preview":"It is the end of the month and we are reflecting on this journey so far and looking back and seeing how much we have to be grateful for! With so many investors that are current clients fills us with so much pride. \u0026nbsp;Especially when, deep down, we know that these investments allow us the opportunity to serve more entrepreneurs and business owners just like Phillis Greenberg in the communities that we currently serve and the ones that we\u0026nbsp;have our sights set on.\u0026nbsp; Here are some more...","published_at":"2022-03-31T22:27:52Z","author_name":"Aimee Supp","url":"/feed/154155","canonical_url":"https://wefunder.com/feed/154155"},{"id":153899,"entity_id":"wefunder:feed_item:153899","type":"FeedItem::Update","visibility":"public","title":"You Don't Know Jack - But Meet Him NOW!","preview":"As the newest member of our Executive team celebrates his first year with us, we wanted to introduce you to Moxey's CTO, Jack Heaton as he was interviewed for the popular regional TV show hosted by Rock it Right Entertainment with Betsy Barnes.HIGHLIGHTS1:40 What was it about Moxey that had you want to join the team?3:40 What benefit do you see that Moxey offers local business as we are starting to rebuild after all the challenges these past 2 years? SNEAK PEEK: Interest Free Line of Credit.7...","published_at":"2022-03-29T21:13:36Z","author_name":"Aimee Supp","url":"/feed/153899","canonical_url":"https://wefunder.com/feed/153899"},{"id":153873,"entity_id":"wefunder:feed_item:153873","type":"FeedItem::Update","visibility":"public","title":"Moxey Solves Key Challenge for Crypto Currency Strategies","preview":"Mon, March 21, 2022, 9:11 PM·3 min readView original article in Yahoo! hereCharlie Davis, Moxey CEO Announces Crypto Strategies During Live Stream Event\u0026nbsp;March 23, 2022\u0026nbsp;at 3 p.m. CSTBATON ROUGE, LA,\u0026nbsp;March 21, 2022\u0026nbsp;-- A new Crypto currency strategy will be unveiled to entrepreneurs, business owners, and investors in a free live stream event to be held on\u0026nbsp;March 23, 2022\u0026nbsp;at\u0026nbsp;3 p.m. CST/4 p.m. EST\u0026nbsp;by renowned financial and business expert,\u0026nbsp;Charlie Davis,...","published_at":"2022-03-23T16:41:20Z","author_name":"Aimee Supp","url":"/feed/153873","canonical_url":"https://wefunder.com/feed/153873"},{"id":153837,"entity_id":"wefunder:feed_item:153837","type":"FeedItem::Update","visibility":"public","title":"Moxey Construction Loans \u0026amp; Webinar Update","preview":"Hey everyone - I hope your week is off to a wonderful start.In this quick video I'll update you on the major announcement in tomorrow's webinar, and introduce you to Aaron Hogan, the owner of Eye Wander Photo.If you haven't RSVP'd yet for our Web3/crypto update, please take a minute and RSVP here. We will email the video to everyone who registers, so if you can't make it during the live broadcast, you can still register, and we'll send you a link to a recording of the webinar.Aaron Hogan is a...","published_at":"2022-03-22T17:06:53Z","author_name":"Charlie Davis","url":"/feed/153837","canonical_url":"https://wefunder.com/feed/153837"},{"id":153690,"entity_id":"wefunder:feed_item:153690","type":"FeedItem::Update","visibility":"public","title":"Our Investor Army - How You Can Help","preview":"One of the questions I get a lot from investors is \"How can I help?\" If you’d like to help, one of the best things you can do is to share our story on social media or directly with your friends. The most important action you can take right now is to tell others about Moxey. HERE are some simple tools you can use.Thanks again for all of your support!Charlie Davis - President \u0026 CEOCLICK HERE to INVEST in MOXEYCLICK HERE to HELP SPREAD the WORD about MOXEY","published_at":"2022-03-17T14:51:42Z","author_name":"Charlie Davis","url":"/feed/153690","canonical_url":"https://wefunder.com/feed/153690"},{"id":153612,"entity_id":"wefunder:feed_item:153612","type":"FeedItem::Update","visibility":"public","title":"Huge News to cover during our LIVE Investor Update + Q\u0026amp;A 3/23","preview":"Dear Wefunder Community,We have some exciting news to share with you all…\u0026nbsp; We’re hosting an exclusive investor update + Q\u0026A, and you’re invited! ⚡ REGISTER HERE ⚡Be the first to hear our HUGE news as we will be revealing our crypto strategy during this call.In addition, during this live event, our President \u0026 CEO, Charlie Davis, will be covering everything surrounding Wefunder and our current equity crowdfunding raise on Wefunder!Don’t forget to bring those burning questions, as a portio...","published_at":"2022-03-15T15:05:06Z","author_name":"Aimee Supp","url":"/feed/153612","canonical_url":"https://wefunder.com/feed/153612"},{"id":153503,"entity_id":"wefunder:feed_item:153503","type":"FeedItem::Update","visibility":"public","title":"Moxey Birmingham celebrates 10 years serving their community.","preview":"Hard work, loyalty, and diligence are the cornerstones of great leaders. Nathan and Dee Park embody these characteristics. Their leadership is worthy of all the praise they will hear this year as they celebrate their 10th anniversary of opening\u0026nbsp;Moxey Birmingham. Thank you for the high level of service that you provide and the difference you make for local businesses in your community.From\u0026nbsp;Nathan Park, Executive Director \u0026 Dee Park, Director of Marketing at Moxey Birmingham:\"Both of ...","published_at":"2022-03-10T14:19:08Z","author_name":"Aimee Supp","url":"/feed/153503","canonical_url":"https://wefunder.com/feed/153503"},{"id":153430,"entity_id":"wefunder:feed_item:153430","type":"FeedItem::Update","visibility":"public","title":"Investment Video Presentation","preview":"Join me for a break down of the Moxey investment opportunity. (this is also a great video to share with others)Moxey combines a local small business focus, a proprietary software system, and a proven business model that has processed over $175M in sales of goods and services. A win, win, win in the fast growing FinTech field.Investors, founders and anyone else in the Wefunder community, we would love to hear your feedback on our new pitch deck.What works/doesn’t work for you about the present...","published_at":"2022-03-08T16:31:50Z","author_name":"Charlie Davis","url":"/feed/153430","canonical_url":"https://wefunder.com/feed/153430"},{"id":152507,"entity_id":"wefunder:feed_item:152507","type":"FeedItem::Update","visibility":"public","title":"Why We Invested in Moxey","preview":"Your investment allows us the opportunity to serve more entrepreneurs and business owners in the communities that we currently serve and the ones that we have our sights set on.\u0026nbsp;Here are some of the reasons our investors said they backed us!Phyllis Greenberg\u0026nbsp;I've been a Moxey member for 4 or 5 years now. I see the value of Moxey dollars to my business and its continued growth as well as to the economy. When I'm about to spend money I always investigate if I can use my Moxey dollars ...","published_at":"2022-03-03T22:06:40Z","author_name":"Aimee Supp","url":"/feed/152507","canonical_url":"https://wefunder.com/feed/152507"},{"id":153281,"entity_id":"wefunder:feed_item:153281","type":"FeedItem::Update","visibility":"public","title":"Viral Marketing, Testimonials, NPS and More","preview":"Dear friends and family – below is a quick video chat to update you on Moxey. We cover several topics including our new Net Promoter Score, a recent viral marketing event, testimonials, success stories, and more.And here is a hint: our Net Promoter Score (NPS) is off the chart. Watch the video to learn more about why it is important and what Moxey’s score is.-- CLICK HERE to learn how to invest in Moxey -- Please give us some feedback on our update. What do you like best? What would you like ...","published_at":"2022-03-02T19:13:02Z","author_name":"Charlie Davis","url":"/feed/153281","canonical_url":"https://wefunder.com/feed/153281"},{"id":153010,"entity_id":"wefunder:feed_item:153010","type":"FeedItem::Update","visibility":"public","title":"Quick Video Message from Moxey's CEO","preview":"Quick video message from me to thank you for being part of Moxey and to highlight a great local Moxey member.I'd love to hear your thoughts. What are some of your favorite local restaurants and why? Who would you recommend that we invite to join a Moxey community?Thanks! - Charlie","published_at":"2022-02-24T20:54:26Z","author_name":"Charlie Davis","url":"/feed/153010","canonical_url":"https://wefunder.com/feed/153010"},{"id":152915,"entity_id":"wefunder:feed_item:152915","type":"FeedItem::Update","visibility":"public","title":"Moxey is Going Live on Wefunder","preview":"Your support has been critical to our success. With your previous investment we’ve been able to grow our monthly revenue by 500%, hire a top-notch CTO, and launch a new mobile app.Because of investors like you we can help small business owners thrive and local economies grow. Can we count on you to help Moxey grow to the next level?Please visit wefunder.com/moxey to lock in your investment today. And remember - the special early bird stock price will expire soon.Thanks again for all that you ...","published_at":"2022-02-21T18:16:19Z","author_name":"Charlie Davis","url":"/feed/152915","canonical_url":"https://wefunder.com/feed/152915"},{"id":150384,"entity_id":"wefunder:feed_item:150384","type":"FeedItem::Update","visibility":"public","title":"Customers Go First, Breaking Records and More","preview":"We are excited to announce that our existing customers have kick-started a new fundraising campaign with $296,000 in seed capital. This means that before the campaign has even been launched publicly, we are just steps away from our first goal!Even more exciting news is that the stock price has doubled since last year’s campaign. Just like last time, we’re able to offer a special EARLY BIRD discount for the next $100,000 in commitments. (The discounted price is 10% lower – the price per share ...","published_at":"2022-02-04T21:41:38Z","author_name":"Charlie Davis","url":"/feed/150384","canonical_url":"https://wefunder.com/feed/150384"},{"id":150300,"entity_id":"wefunder:feed_item:150300","type":"FeedItem::Update","visibility":"public","title":"Carl Briggs joins Moxey NOLA as BDM","preview":"We are pleased to announce that Carl Briggs Jr. has joined Moxey as our new Business Development Manager in Moxey NOLA. Carl will be based in Louisiana and will be an integral part of our team as we continue to expand our presence in the Greater New Orleans area.“We couldn’t be more excited for Carl to bring his enthusiasm and customer service ethic to the Moxey team,” said John Roberts, partner in Moxey NOLA.Carl Briggs, Jr. is an intelligent, ambitious, and innovative recent graduate from T...","published_at":"2021-12-07T18:38:10Z","author_name":"Aimee Supp","url":"/feed/150300","canonical_url":"https://wefunder.com/feed/150300"},{"id":148452,"entity_id":"wefunder:feed_item:148452","type":"FeedItem::Update","visibility":"public","title":"Moxey and Citizens Bank \u0026amp; Trust team up to help local businesses","preview":"Baton Rouge-based community currency Moxey is partnering with Citizens Bank and Trust on a cross promotional effort that will help raise awareness among Citizens’ small business customers about Moxey and help drive the members of the Moxey network to Citizens when they need a bank.“As far as I know, this is the first partnership of its kind in the U.S. between a community currency and a traditional bank,” Moxey founder Charlie Davis says. “It really speaks to the growing acceptance and recogn...","published_at":"2021-10-28T21:25:06Z","author_name":"Aimee Supp","url":"/feed/148452","canonical_url":"https://wefunder.com/feed/148452"}],"q_and_a":[{"id":139646,"entity_id":"wefunder:comment:139646","question":"Hi, I asked the question earlier about C-Corp. Thank you for your response. I've done further review on your materials and team and I'm convinced that you have something here worth building out. I've now invested $10k in Moxey. I look forward to seeing this grow!","author_name":"Patrick Spaulding Ryan, PhD","votes":6,"created_at":"2021-04-03T06:14:58Z","canonical_url":"https://wefunder.com/moxey#question-139646","answers":[{"id":140113,"entity_id":"wefunder:comment:140113","answer":"Thanks, Patrick. We agree! We appreciate you taking a deeper dive and adding to your investment!","author_name":"Aimee Supp","votes":5,"created_at":"2021-04-06T15:50:58Z"}]},{"id":144034,"entity_id":"wefunder:comment:144034","question":"Hi Aimee, congratulations on the tail end of the fundraise! I wanted to ask how you position Moxey as a crypto product? I realize it's not technically crypto but in the comparison of similar goods, Moxey is in the zone. How do you see the future integration, potentially, with crypto projects?","author_name":"Patrick Spaulding Ryan, PhD","votes":3,"created_at":"2021-04-23T06:33:31Z","canonical_url":"https://wefunder.com/moxey#question-144034","answers":[{"id":144540,"entity_id":"wefunder:comment:144540","answer":"Hi again Patrick, thank you for continuing to stay engaged with our campaign and asking more questions. Also, THANK YOU for investing! We have a unique plan for the crypto market. Our president, Charlie Davis, has been heavily involved in the space since 2013. Here is a link to his soon-to-be-published paper on Proof-of-Value, Dynamic Reserve Banking, \u0026amp; Decentralized Money. (use this link - https://docsend.com/view/nvkque74277ft9gi) While more approachable than most academic papers, the intended audience is monetary economists and thought leaders in the crypto space. Charlie has developed a monetary protocol called Proof-of-Value which Moxey uses to evaluate and publicly prove the value of every “penny” inside the network. It is possible that Moxey will one day serve as the payment layer for bitcoin. Users will be able to hold (or HODL) their bitcoin and spend their Moxey.","author_name":"Aimee Supp","votes":2,"created_at":"2021-04-24T20:16:14Z"}]},{"id":134479,"entity_id":"wefunder:comment:134479","question":"Can you tell us more about the Emerald and Gold shareholder cards? What are they and what's the difference?","author_name":"Lindsay White","votes":3,"created_at":"2021-03-11T19:39:31Z","canonical_url":"https://wefunder.com/moxey#question-134479","answers":[{"id":134521,"entity_id":"wefunder:comment:134521","answer":"Hi Lindsay! Great seeing you here! The colors represent an elevated level of investment. Cards may be activated into functional cards within the Moxey system. To be activated, the holder must have a viable account in a Moxey community. For those that receive a card for their investment and live in an area where there is not currently a Moxey community, hang on! We plan to be there soon! In the meantime, it can serve as a keepsake of your investment.","author_name":"Aimee Supp","votes":3,"created_at":"2021-03-11T21:59:26Z"}]},{"id":144322,"entity_id":"wefunder:comment:144322","question":"What markets are you entering and on what time table?","author_name":"Adam Hawkins","votes":2,"created_at":"2021-04-24T00:50:26Z","canonical_url":"https://wefunder.com/moxey#question-144322","answers":[{"id":144537,"entity_id":"wefunder:comment:144537","answer":"Hi Adam! Thank you for reaching out! Our initial goal is to expand from Texas to North Carolina. We haven’t publicized our timetable yet, but will release more details over the next several weeks.","author_name":"Aimee Supp","votes":2,"created_at":"2021-04-24T20:10:50Z"}]},{"id":136082,"entity_id":"wefunder:comment:136082","question":"Hi 2 questions?1) what made you decide to go to wefunder to get invested compared to going to VCs and big angel investors? 2) and what is your exit strategy?","author_name":"Mike Kelvin Esguerra","votes":2,"created_at":"2021-03-19T14:35:02Z","canonical_url":"https://wefunder.com/moxey#question-136082","answers":[{"id":136881,"entity_id":"wefunder:comment:136881","answer":"Good morning Mike! Great hearing from you! (1) What made you decide to go to Wefunder to get invested compared to going to VCs and big angel investors? Moxey and WeFunder are completely aligned and even share the goal of saving capitalism. We help local economies grow and small business owners thrive. Inherent in our mission is the idea of democratizing wealth and creating a level playing field where everyone can prosper. The WeFunder platform provides a way for our existing customers to invest in Moxey. But we also benefit because building a national network of investors is a great way for us to build our brand as we prepare to scale across the country. Moxey wants to be in every city in America, and what better way to start than having a broad base of investors across the country! (2) What is your exit strategy? There are two primary exit strategies: Our goal is to go public and have an IPO, but it is possible that we will sell to a much larger company before that happens. These are forward looking projections and can’t be guaranteed.","author_name":"Aimee Supp","votes":2,"created_at":"2021-03-22T13:46:08Z"}]},{"id":134740,"entity_id":"wefunder:comment:134740","question":"Hi Aimee, thanks for answering my questions. I have a couple more questions. 1) Is your 10% fee paid in US dollars or Moxey dollars? 2) If it is paid in US dollars, how (e.g. credit card, ACH transfer, etc...) and when does Moxey get paid the fee on a transaction? Thanks.","author_name":"Nilesh Amin","votes":2,"created_at":"2021-03-13T11:09:28Z","canonical_url":"https://wefunder.com/moxey#question-134740","answers":[{"id":134937,"entity_id":"wefunder:comment:134937","answer":"My pleasure Nilesh! 1 - Is your 10% fee paid in US dollars or Moxey dollars? The 10% commission is paid in USD. 2 - If it is paid in US dollars, how (e.g. credit card, ACH transfer, etc...) and when does Moxey get paid the fee on a transaction The commission is paid at the exact same time the primary Moxey transaction is made. Currently our members preload USD into an account we call the Cash Reserve Account (CRA). They can load their CRA with a credit card or by mailing a check. If there aren’t enough funds in the CRA to cover the commission, the transaction is declined and the member is notified to load more funds. The CRA removes the problem of Accounts Receivable and helps with our cash flow. In the future we may allow members to approve a linked credit card or bank account for the commission, but right now they are required to preload funds into their CRA. **The potential software upgrade is a forward looking projection and can’t be guaranteed.","author_name":"Aimee Supp","votes":1,"created_at":"2021-03-15T15:38:59Z"}]},{"id":134667,"entity_id":"wefunder:comment:134667","question":"Hi, this is interesting concept. I have a couple of questions. 1) How does your system deal with sales tax on products and services sold? 2) Why would a business accept paying a 10% fee on each sale they make? 3) How does a business owner manage the fact the they are paying real US dollars for the cost of their goods/services, and need real US dollars to cover most of their living expenses, but are receiving Moxey dollars? This would seem to be limiting factor in how much of there business can move to Moxey. Thanks","author_name":"Nilesh Amin","votes":2,"created_at":"2021-03-12T20:52:04Z","canonical_url":"https://wefunder.com/moxey#question-134667","answers":[{"id":134712,"entity_id":"wefunder:comment:134712","answer":"Thanks for putting so much thought into this Nilesh! 1 - How does your system deal with sales tax on products and services sold? We treat all purchases, regardless of the type (product, service or tax) the same. A member pays their bill using Moxey dollars (including any tax portions). The remitting entity remits taxes to the government agency using traditional money. This works for all parties because taxes are pass-through expenses and as long as the company that earned the Moxey can spend them, it is a complete wash. 2 - Why would a business accept paying a 10% fee on each sale they make? Most companies are in continuous need of new customers. They attract them through a variety of ways - such as advertising, marketing, sales reps or discounts. All of these options have costs, sometimes significant costs, and often include both fixed and variable costs. Moxey reduces the cost into a flat fee that is only paid upon success. Sellers are paying a 10% commission for the new revenue that they receive. They even get to defer the commission and not pay it until they spend the Moxey they earned back into the network. Just as important are the dynamics created by ‘excess capacity’ and ‘expiring inventory’. Many businesses are selling inventory that might have expired or would have been wasted if it wasn’t sold for Moxey. In many situations sellers are opting for 90% instead of 0%. It is a big win for both parties in the transaction. 3 - How does a business owner manage the fact they are paying real US dollars for the cost of their goods/services, and need real US dollars to cover most of their living expenses, but are receiving Moxey dollars? This would seem to be a limiting factor in how much of their business can move to Moxey. All companies have Cost of Goods Sold (COGS) that often need to be paid in traditional money. The larger our network grows, the higher the percentage of COGS expenses that can be covered with Moxey. But even assuming that the percentage is 0, as long as the business can spend the Moxey that it earns, the currency that the COGS are paid in is a non-factor. And as mentioned above, because this is NEW revenue that otherwise wouldn’t have happened or sales of products that might have expired, the average COGS are lower and the profit margins higher. Per David Racardo’s law of Comparative Advantage, the increased trading transactions are literally making all parties slightly wealthier. And happier! Because members can spend into the deficit by accessing an interest free line of credit, if they do have cash flow problems, accepting Moxey helps them preserve cash and frees it up for other critical expenses. Customers can always select a “Standby” status if they need to temporarily limit their intake of Moxey. If for some reason the member begins to earn so much Moxey that it might be unhealthy for them or the overall economy, the network will step in and help them find ways to spend their Moxey. Moxey is designed to ensure a steady flow of incoming revenue and outgoing expenses. And with 4,000 businesses to choose from it is getting easier and easier.","author_name":"Aimee Supp","votes":1,"created_at":"2021-03-13T02:41:47Z"}]},{"id":134432,"entity_id":"wefunder:comment:134432","question":"Thanks for the videos about what Moxey is and how it works. (Just FYI: they aren't showing up on Wefunder - I had to visit your site to view them.) I now have a better understanding of your business model, but I still have some questions: (1) The pitch says that you've had $175M in sales across the Moxey network and that you earn a 10% commission on all revenue created by Moxey. Does that mean that the company has earned $17.5M? If not, what about the math am I not understanding? (2) How much (in dollars) is the line of credit that members receive? (3) What happens if members don't repay the line of credit (for lack of a better term)? Is there a time frame within which they have to do so? (4) Can Moxey dollars ever be converted into actual dollars that can be used outside the network? (5) Is specialized equipment required to read the Moxey card? (6) How do you prevent fraud, such as someone creating a fake Moxey card?","author_name":"Kevin Hardman","votes":2,"created_at":"2021-03-11T17:09:29Z","canonical_url":"https://wefunder.com/moxey#question-134432","answers":[{"id":134538,"entity_id":"wefunder:comment:134538","answer":"Kevin - these are outstanding questions. Details are below and thanks for the note about the videos. I believe we have the technical issue concerning the videos resolved. But we do have many, many more videos than could fit on the page. :) (1) The pitch says that you've had $175M in sales across the Moxey network and that you earn a 10% commission on all revenue created by Moxey. Does that mean that the company has earned $17.5M? If not, what about the math am I not understanding? Correct - the network has earned 10% or 17.5 million. However, as noted in the pitch, we’ve combined affiliate exchanges together that we call “legacy exchanges” to jump start our expansion. For these special situations the 10% commission flows first to our affiliate community and then a portion comes back to us. (The percentage varies and is detailed in the financials.) We are in the process of renegotiating these contracts but more importantly, as we grow from this initial footprint, Moxey will be the direct owner of new communities that we launch. And therefore earn the full commission on new growth. (2) How much (in dollars) is the line of credit that members receive? This is part of the magic behind Moxey. A credit line is fluid and can change on a regular basis. We use a monetary system called Dynamic Reserves to manage the process over time. But initially, a member's line of credit is a function of the sales they are likely to achieve inside of the Moxey network and not a function of their credit rating or overall financial success. What matters is the ability of the Moxey network to bring them new customers. Depending on the business category and current demand in the network, an initial LOC could be anywhere from a few hundred to tens-of-thousands of dollars. (3) What happens if members don't repay the line of credit (for lack of a better term)? Is there a time frame within which they have to do so? Members are financially responsible for their credit lines. As mentioned above, we use a unique monetary system called Dynamic Reserves to manage the flow of credit. It is based upon a special formula and time frame - but generally a 90 day window or a multiple of that to factor in seasonality and other issues. If a member becomes late in managing their credit line it is the job of the network to further engage and help them earn more business. But eventually the member needs to either a) sell a different good or service or b) use other resources to retire their debt. If they are still unable to do so, our system will leverage other resources inside the network to earn Moxey dollars and repair the soundness of the credit flow. (4) Can Moxey dollars ever be converted into actual dollars that can be used outside the network? Not right now. Part of the magic of our closed network is that they are constantly moving and not converted back to traditional money. (5) Is specialized equipment required to read the Moxey card? Currently transactions happen in one of three ways, 1) via our web portal… much like online banking, pay my bill services, etc., 2) through our mobile app which, among many other features, can scan the QR code on the back of the card to run a transaction, and 3) through our custom programmed POS terminals. With the creation of new software (one of the use of funds listed), we plan to incorporate APIs to directly connect with popular point of sale systems and online marketplaces. (6) How do you prevent fraud, such as someone creating a fake Moxey card? We have substantial measures in place to ensure that 1) fake accounts and cards aren’t created and 2) no unauthorized purchases are made as well as measures in place to discover them as quickly as possible if they are ever created. Fraud prevention is different in a closed loop network like Moxey than it is in an open loop network Thanks again for all the great questions! Let us know if you would like more information about any of this!","author_name":"Aimee Supp","votes":2,"created_at":"2021-03-11T23:01:56Z"}]},{"id":314747,"entity_id":"wefunder:comment:314747","question":"Could we get a response to this? https://www.wafb.com/2024/12/31/i-team-new-baton-rouge-cao-is-mired-litigation-with-multiple-companies/ Specifically, how many businesses has the Moxey network lost in Louisiana since December 2024? Also, why has the the Louisiana Secretary of State classified the company as \"Not in good standing\"?","author_name":"Michael Allen Potter","votes":1,"created_at":"2025-09-11T14:15:06Z","canonical_url":"https://wefunder.com/moxey#question-314747","answers":[]},{"id":224324,"entity_id":"wefunder:comment:224324","question":"What is the Exclusive Emerald Moxey Shareholder Card.","author_name":"Adan Farrah","votes":1,"created_at":"2022-10-31T19:21:39Z","canonical_url":"https://wefunder.com/moxey#question-224324","answers":[{"id":224325,"entity_id":"wefunder:comment:224325","answer":"Adan, All Moxey members get membership credit cards to use as one of the many payment methods in our system. We have created a special Emerald Moxey Shareholder Card for our Wefunder investors. This card is only symbolic and isn't activated until you are able to participate in one of our Moxey communities.","author_name":"Warren Sager","votes":1,"created_at":"2022-10-31T19:30:27Z"}]},{"id":223111,"entity_id":"wefunder:comment:223111","question":"Why would a cardholder be restricted to a city? Could a cardholder not be able to use their account/card in a city within a state or a city where he/she travels to or vacations in that also has Moxey affiliated businesses? 20.Oct.22","author_name":"Martin D. ","votes":1,"created_at":"2022-10-20T13:47:39Z","canonical_url":"https://wefunder.com/moxey#question-223111","answers":[{"id":223112,"entity_id":"wefunder:comment:223112","answer":"Martin, Great question! One of the benefits of being a Moxey member is that your Moxey dollars are good in any of our Moxey communities. Cardholders are not restricted to any location. The goal is to be able to travel across the USA using your Moxey for purchases. Currently, you can use your Moxey at 16 unique communities in 4 states. Most members earn and spend in their home community but we encourage spending throughout the network.","author_name":"Warren Sager","votes":1,"created_at":"2022-10-20T14:12:20Z"},{"id":223114,"entity_id":"wefunder:comment:223114","answer":"Perhaps, and we can discuss if you would like. To protect the value of the currency, we have to make sure that members have the capability to earn Moxey dollars (with a good and/or service) as well as the ability to spend those dollars back in to our economy at approximately the same rate within a reasonable period of time. You are right that the location doesn't necessarily matter, but because we're mostly geared for community and local activity, being close to other members does foster this movement of the currency in that reasonable period of time.","author_name":"Chip Davis","votes":1,"created_at":"2022-10-20T14:24:07Z"}]},{"id":215453,"entity_id":"wefunder:comment:215453","question":"My wife and I are interested in investing in this company. Have concerns about your revenue projections also will like to have more information on your past year financials, interested in investing with significant amount. Thank you in advance for this information.","author_name":"Donald Mader","votes":1,"created_at":"2022-08-15T23:47:00Z","canonical_url":"https://wefunder.com/moxey#question-215453","answers":[{"id":215516,"entity_id":"wefunder:comment:215516","answer":"Donald, Thanks so much for your interest in Moxey! Our audited financials are posted in the details tab section of the Wefunder page. (right below the opening video) Please email me directly and I can send you more details about our revenue projections. We believe Moxey can scale in a very significant way because we are supporting small businesses need to grow and have better cash flow by helping them do business with other local companies. As the network grows it will become more powerful and more businesses will want to become part of the network. Thanks. Warren@Moxeyusa.com","author_name":"Warren Sager","votes":0,"created_at":"2022-08-16T16:03:49Z"}]},{"id":207883,"entity_id":"wefunder:comment:207883","question":"Hi, I am investor \u0026amp; have emailed to Warren@Moxeyusa.com on 06/07/2022 stranded without response. Can someone please address this email ASAP. I am available for a call to explain what is the issue here.","author_name":"nIrMaL PaTeL","votes":1,"created_at":"2022-06-10T12:32:48Z","canonical_url":"https://wefunder.com/moxey#question-207883","answers":[{"id":208017,"entity_id":"wefunder:comment:208017","answer":"Nirmal, Thanks for your concern. I had sent you an email with details on how we are working with Wefunder to clear up your K1 question. Please let me know if you don't see it. We will resolve once we hear back from Wefunder and I will get back to you quickly. Thanks again for your investment.","author_name":"Warren Sager","votes":0,"created_at":"2022-06-11T18:29:41Z"}]},{"id":207833,"entity_id":"wefunder:comment:207833","question":"Warren, Definitely a game changer for Moxey using web3 prototype. As a investor, I am interested to know more about this. During the web3 announcement, I could not understand much:( The slide deck presentation explaining about web3 implementation and potential benefit for moxey business will help many investors to understand better. It may even trigger investors to invest more in my opinion:) 1) If we are already doing the same in traditional business model, why web3? 2) Will this reduce the transaction cost compared to the current payment fees? 3) Who are the partners for implementing web3 in Moxey? 4) How much moxey can earn from web3? 5) What are the benefits for investors? Best, Karthikeyan","author_name":"Karthikeyan Kuppusamy","votes":1,"created_at":"2022-06-09T23:00:52Z","canonical_url":"https://wefunder.com/moxey#question-207833","answers":[{"id":208021,"entity_id":"wefunder:comment:208021","answer":"Karthikeyan, Thanks for your great question. Moxey has functioned for many years before and during the formation of web3 and cryptocurrency. Adding a web3 strategy isn't required for our current business model. However, as we scale, trust and transparency will become more important to people believing in the value of our digital currency and this is the value of adding web3 to our roadmap. We are also excited about another way for our investors to earn money and guide our growth in addition to just returns through stock appreciation. Adding a connection to web3 will not reduce the transaction cost, in fact, because this is something that will be added to our current program it will increase our cost. These costs will not be significant because we are using an L2 solution and not processing individual transactions on the blockchain. This small cost is going to be worth it to continue to scale the Moxey dollar in a transparent and healthy way. We are still early on in the implementation of our strategy so we do not yet have all the details of who we will be working with and what the payouts will yet be for our investor partners. What we do know is Moxey has a huge edge over most other web3 projects. No other digital currency has Moxey's breadth of experience - 200 million dollars worth of real-world transactions, immediate real-world utility, a perfect mix of transparency and anonymity, and a governance strategy that will excel in a Web3 world We want our owners to participate in our growth and success through our web3 rollout. We added a page to the Moxey website and you can see more details here. https://www.moxeyusa.com/resources/web3","author_name":"Warren Sager","votes":0,"created_at":"2022-06-11T18:44:48Z"}]},{"id":207674,"entity_id":"wefunder:comment:207674","question":"You mentioned previously that a well known business owner brings appx 25 business owners together in their community to kickstart the process. Would it also not be beneficial to have the data and stats with a large database as an example to have others join the network? It would also be very beneficial when entering a new state or market place to be able to show your progress to new potential customers and grow your network even faster when they see how successful you have been.","author_name":"Danny Mathis","votes":1,"created_at":"2022-06-08T20:22:06Z","canonical_url":"https://wefunder.com/moxey#question-207674","answers":[{"id":207780,"entity_id":"wefunder:comment:207780","answer":"The core group of 25 members to create a community is just one of the many steps in creating a strong and thriving Moxey community. We have built 16 Moxey communities over the past 10 years and have a great database set that we use and can share that shows all of our successes and failures. We are constantly improving our process and more importantly fine-tuning the marketing messages we share with the communities that our value which should expedite growth. If you have any specific ideas or things you think we should focus on please let us know. We are very open to new ideas and experimenting with new approaches.","author_name":"Warren Sager","votes":0,"created_at":"2022-06-09T16:35:15Z"}]},{"id":144084,"entity_id":"wefunder:comment:144084","question":"Hi Aimee, It's quite an interesting pitch. I have two questions: 1. Why is Moxey ( an 11-year-old business) raising money on a crowdfunding platform? 2. Why after 10 yrs do you have a valuation at about $7M?","author_name":"Julien King","votes":1,"created_at":"2021-04-23T13:03:53Z","canonical_url":"https://wefunder.com/moxey#question-144084","answers":[{"id":144538,"entity_id":"wefunder:comment:144538","answer":"Thanks for your questions. Our mission and model align well with crowdfunding. We have thousands of active members and wanted to give them an opportunity to invest alongside traditional investors. Kingscrowd, the #1 equity crowdfunding review platform, rates Moxey a 4.8 out of 5. This rating places us in the top 7%. We believe that we are worth significantly more because of our model, experience, and unique advantages, but discounted the valuation to provide a better opportunity for investors. This is why Moxey's valuation, per Kingscrowd, is the 7th best out of 38","author_name":"Aimee Supp","votes":2,"created_at":"2021-04-24T20:12:19Z"}]},{"id":140509,"entity_id":"wefunder:comment:140509","question":"Moxey has been in the business for more than 10 years. 1) Why has not expanded the market to many cities? Is there any limitation in expanding this to other states/cities in the business model?","author_name":"Karthikeyan Kuppusamy","votes":1,"created_at":"2021-04-08T17:54:27Z","canonical_url":"https://wefunder.com/moxey#question-140509","answers":[{"id":141074,"entity_id":"wefunder:comment:141074","answer":"Hi Karthikeyan! There is a running joke in the StartUp world about really successful companies being considered a “10-year overnight success.” It turns out that what looks like spontaneous growth, often happens after many years of diligent learning, persistence and really hard work. Apple and Starbucks are both great examples of the same growth pattern - we just tend to forget about the first decade when almost no one had heard of them. There are no limitations on our future growth and we are ready to make it happen. I hope you’ll join us on this incredible journey!","author_name":"Aimee Supp","votes":0,"created_at":"2021-04-10T22:47:01Z"}]},{"id":139777,"entity_id":"wefunder:comment:139777","question":"Hi, an interesting business and nice traction so far. 1.) How do you plan on getting your first few customers in a new state or market? In a \"Network Effect\" type business, if tomorrow you decide to enter a new state, for that initial member there isn't much value-add (nowhere to spend their moxie dollars) only later on when there's a lot of Moxie members does it make sense 2.) Are there any scenarios where a Moxie member can spend their Moxie dollars outside the network? Can they spend Moxie dollars out of the network for a fee? Let's say it's a lower margin business (a restaurant, a local grocery store, etc..) and although the new business is nice, maybe there are costs to the business that aren't in the network (yet). I did read your COGS point in the comments sections, and it's interesting, but I think it assumes 1.) sufficient network growth in a given market and 2.) The business pays for its COGS upfront (cash as opposed to credit). I realize there aren't always \"perfect\" answers and there are trade-offs to things, just curious to hear your thoughts, thanks.","author_name":"Amit Sinha","votes":1,"created_at":"2021-04-04T15:35:55Z","canonical_url":"https://wefunder.com/moxey#question-139777","answers":[{"id":140161,"entity_id":"wefunder:comment:140161","answer":"Hi Amit! I'm relieved to hear that you have modest expectations for \"perfect answers\" let me see if I can answer everything that you have asked! 1.) How do you plan on getting your first few customers in a new state or market? One of the most challenging aspects of this business model is launching new communities. We’ve tested numerous scenarios over the years and here is a quick recap of our plan: The first 150 businesses are the hardest and the most important. As you mentioned, the Network Effects are powerful but don’t exist until they are intentionally created. We deploy several methods to “jump start” the process, and then grow as quickly as possible to 600 with a focus on quality instead of quantity. We intentionally grow by community, and then link those communities together, so that we can avoid, or at least minimize the challenge you mentioned. 2.) Are there any scenarios where a Moxey member can spend their Moxey dollars outside the network? Part of our X-factor is the closed-loop nature of Moxey. Members can’t spend Moxey outside of the network, but generally can’t earn them outside of the network either. Our currency is not transferable outside the network and this is extremely beneficial to the entire community. The lower a company’s Cost of Goods Sold is, the easier it is to onboard a new member, but often they are selling excess capacity or even expiring inventory. In that situation, any COGS is already a sunk cost and they’re glad to be able to move the product under any scenario. Over time, Moxey income should be determined and driven by Moxey-denominated expenses. With this principle in mind, members should never collect excess Moxey. Moxey dollars should be used to replace existing expenses freeing up cash resources for reinvestment and growth of the enterprise. Cost of Goods becomes a non-factor once Moxey is shoring up the holes in the expense ledger.","author_name":"Aimee Supp","votes":0,"created_at":"2021-04-06T18:33:09Z"}]},{"id":135967,"entity_id":"wefunder:comment:135967","question":"I'd like to know more about the Related Party Payables mentioned in the financials - in particular, what are the services being provided and when do the relevant agreements terminate?","author_name":"Kevin Hardman","votes":1,"created_at":"2021-03-19T01:31:48Z","canonical_url":"https://wefunder.com/moxey#question-135967","answers":[{"id":136885,"entity_id":"wefunder:comment:136885","answer":"Hi Kevin, thanks for the question! The leadership team of Moxey has primarily worked for deferred compensation. In addition to personally investing in the company, they have accepted deferred compensation to enable all available free cash flow to be used to grow the company. None of the funds that are raised during this campaign will be used to pay back the Related Party Payables. Services have included 1) the research and development of two of Moxey’s most foundational elements (Proof-of-Work protocol and Dynamic Reserve Systems), 2) restructuring of the existing network to enable scaling and 3) executive management.","author_name":"Aimee Supp","votes":1,"created_at":"2021-03-22T14:02:41Z"}]},{"id":134589,"entity_id":"wefunder:comment:134589","question":"Two questions - 1 - are you all planning on remaining an LLC for tax purposes? I like the pass-through model! 2 - Do you anticipate becoming profitable in the near future?","author_name":"Lucas Selvidge","votes":1,"created_at":"2021-03-12T05:47:31Z","canonical_url":"https://wefunder.com/moxey#question-134589","answers":[{"id":134710,"entity_id":"wefunder:comment:134710","answer":"Hi Lucas, thanks for your questions, hope this clears things up a bit. 1 - Are you planning on remaining an LLC for tax purposes? We are currently an LLC with pass through tax selection. One of the great things about WeFunder and the XX Team is that it makes it easy and convenient for LLCs to participate in crowdfunding. Likely, we will convert to a C corp at some point in the future but no timeline has been established. 2 - Do you anticipate becoming profitable within the near future? We cannot guarantee any future projections, but let me answer this question the best I can! Like most companies in a scaling posture, we intend to aggressively reinvest and grow at a fast but healthy rate. One of our goals is to quickly link communities together, creating strong network externalities and a moat to fend off any potential competitors. This will create a dynamic business that generates enough cash to give us the option to become profitable or to reinvest into more growth. We intend to make tax distributions if necessary to cover any liabilities.","author_name":"Aimee Supp","votes":1,"created_at":"2021-03-13T02:39:04Z"}]},{"id":134309,"entity_id":"wefunder:comment:134309","question":"what do i get by making a investment","author_name":"Mike Hanner","votes":1,"created_at":"2021-03-10T21:49:34Z","canonical_url":"https://wefunder.com/moxey#question-134309","answers":[{"id":134349,"entity_id":"wefunder:comment:134349","answer":"Hi Mike! First, I want to thank you for being a member of the Moxey Community in New Orleans! It is because of businesses like yours, we are working to help more local business owners across the country! We are selling equity shares (stock) in our company. Right now, we are asking for your commitment to partner with Moxey and help us grow. For being an early investor, we are offering a 10% discount in stock when you invest now. This is being offered until we reach 350K. In addition, we are offering a number of perks based on the amount that you invest. Scroll down to the bottom of our page to see what the options are. Let us know if you have any additional questions and thanks for being the best part of what we do!","author_name":"Aimee Supp","votes":0,"created_at":"2021-03-11T01:34:57Z"}]},{"id":334917,"entity_id":"wefunder:comment:334917","question":"Hi again. I’ve noticed the investment valuation for us investors had increased over the past couple years to a sum of maybe 1.3x, or something close to that figure. However, today, 03 June 2026, I noticed the valuation has returned to a flat 1x. Can the company share the latest update on things? We would all appreciate a little update. Thanks. 06/2026.","author_name":"Martin D. ","votes":0,"created_at":"2026-06-04T01:10:18Z","canonical_url":"https://wefunder.com/moxey#question-334917","answers":[]},{"id":223098,"entity_id":"wefunder:comment:223098","question":"Hi! Is the Emerald Shareholder Card functional? Can it be used to purchase/barter for services/goods at the storefronts or online with businesses in the Moxey network? Thanks! 20.Oct.22","author_name":"Martin D. ","votes":0,"created_at":"2022-10-20T10:28:31Z","canonical_url":"https://wefunder.com/moxey#question-223098","answers":[{"id":223108,"entity_id":"wefunder:comment:223108","answer":"Hi Martin. Thanks for your inquiry. The Emerald and Gold Shareholder Cards are functional cards IF they are tied to an active member account. If you are in a city where we already have a presence, we can work toward opening a member account for you. If not, hang on, we hope to be there sooner than later. We are currently actively looking for licensees in many communities across the southeast US.","author_name":"Chip Davis","votes":1,"created_at":"2022-10-20T13:13:11Z"}]},{"id":207673,"entity_id":"wefunder:comment:207673","question":"Hi this may have already been asked or dealt with. I may have missed it in the concept of Moxey. Do you have a moxey software database for all the moxey merchants to tie into to see everyone on the network to contact for goods and services? If not do you think it would be a good idea? It would build business much faster if new prospects can see that the network is large and already in place to help with your sales pitch.","author_name":"Danny Mathis","votes":0,"created_at":"2022-06-08T20:10:48Z","canonical_url":"https://wefunder.com/moxey#question-207673","answers":[{"id":207778,"entity_id":"wefunder:comment:207778","answer":"Danny, Great question! Yes, our membership directory is one of our most important assets. Members can easily access all the great businesses they can do business with in our network. Members can search by category, location, or name. Please go check it out for yourself. Our directory is public for all to see. https://app.moxeyusa.com/","author_name":"Warren Sager","votes":0,"created_at":"2022-06-09T16:29:51Z"}]},{"id":204564,"entity_id":"wefunder:comment:204564","question":"Have you contacted any Small Business Development Centers? There are many around the USA and have access to many small businesses which could create your network in many cities. americassbdc.org I mean after ten years in business and you are in only like 4 states! Please. That's really sad","author_name":"Dan Rehmsmeyer","votes":0,"created_at":"2022-05-08T02:27:36Z","canonical_url":"https://wefunder.com/moxey#question-204564","answers":[{"id":204935,"entity_id":"wefunder:comment:204935","answer":"Hey Dan - thanks for your interest in Moxey. We have attempted to work with SBDCs, but with limited success so far. However, to address your broader question about growth: As you probably know, many of the most successful companies took many years before they reached breakout status - Starbucks and Apple are two of the best examples. Moxey is reinventing the way money works. To build a financial network capable of scaling has taken a great deal of trial and error. We’ve now processed more than 200 million dollars worth of goods and services. Which means that while most currencies are only used for speculation, Moxey is used for everyday transactions. We’ve pioneered a new type of digital payment network that we’re excited to scale around the country and eventually around the world.","author_name":"Charlie Davis","votes":0,"created_at":"2022-05-12T03:38:59Z"}]}],"faq":[{"question":"Does moxey work for Hemp/CBD companies?","answer":"Hi Daniel, thanks for reaching out! Moxey works for any legally operating business. It works best for businesses that are buying and selling in their local communities."},{"question":"what do i get by making a investment","answer":"Hi Mike! First, I want to thank you for being a member of the Moxey Community in New Orleans! It is because of businesses like yours, we are working to help more local business owners across the country! We are selling equity shares (stock) in our company. Right now, we are asking for your commitment to partner with Moxey and help us grow. For being an early investor, we are offering a 10% discount in stock when you invest now. This is being offered until we reach 350K. In addition, we are of..."},{"question":"Thanks for the videos about what Moxey is and how it works. (Just FYI: they aren't showing up on Wefunder - I had to visit your site to view them.) I now have a better understanding of your business model, but I still have some questions: (1) The pitch says that you've had $17...","answer":"Kevin - these are outstanding questions. Details are below and thanks for the note about the videos. I believe we have the technical issue concerning the videos resolved. But we do have many, many more videos than could fit on the page. :) (1) The pitch says that you've had $175M in sales across the Moxey network and that you earn a 10% commission on all revenue created by Moxey. Does that mean that the company has earned $17.5M? If not, what about the math am I not understanding? Correct - t..."},{"question":"Can you tell us more about the Emerald and Gold shareholder cards? What are they and what's the difference?","answer":"Hi Lindsay! Great seeing you here! The colors represent an elevated level of investment. Cards may be activated into functional cards within the Moxey system. To be activated, the holder must have a viable account in a Moxey community. For those that receive a card for their investment and live in an area where there is not currently a Moxey community, hang on! We plan to be there soon! In the meantime, it can serve as a keepsake of your investment."},{"question":"Two questions - 1 - are you all planning on remaining an LLC for tax purposes? I like the pass-through model! 2 - Do you anticipate becoming profitable in the near future?","answer":"Hi Lucas, thanks for your questions, hope this clears things up a bit. 1 - Are you planning on remaining an LLC for tax purposes? We are currently an LLC with pass through tax selection. One of the great things about WeFunder and the XX Team is that it makes it easy and convenient for LLCs to participate in crowdfunding. Likely, we will convert to a C corp at some point in the future but no timeline has been established. 2 - Do you anticipate becoming profitable within the near future? We can..."}]}}}