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Invest in Lenmo Inc.

Lending platform for financial institutions, businesses, and individuals to invest in the small amount loan market

  • $108,508Amount raised
  • $1,000Minimum
  • $10,000,000Pre-Money valuation

Purchased securities are not currently tradeable. Expect to hold your investment until the company lists on a national exchange or is acquired.

Lenmo Inc. is offering securities under both Regulation D and Regulation CF through SI Securities, LLC ("SI Securities"). SI Securities is an affiliate of SeedInvest Technology, LLC, a registered broker-dealer, and member FINRA/SIPC. SI Securities will receive cash compensation equal to 7.50% of the value of the securities sold and equity compensation equal to 5.00% of the number of securities sold. Investments made under both Regulation D and Regulation CF involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Furthermore, the contents of the Highlights, Term Sheet sections have been prepared by SI Securities and shall be deemed broker-dealer communications subject to FINRA Rule 2210 (the “Excluded Sections”). With the exception of the Excluded Sections noted above, this profile contains offering materials prepared solely by Lenmo Inc. without the assistance of SI Securities, and not subject to FINRA Rule 2210 (the “Issuer Profile”). The Issuer Profile may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. Investors should review the risks and disclosures in the offering's draft. The contents of this profile are meant to be a summary of the information found in the company’s Form C. Before making an investment decision, investors should review the company’s Form C for a complete description of its business and offering information, a copy of which may be found both here and below.


Company Highlights

  • Over $1.2mm of loans originated across 5,000 loans on the platform
  • More than 40 businesses signed up and 75 currently pipelined for a demo in our enterprise platform
  • Lenmo has more than 90,000 registered users with an average of 60% monthly growth including over 3,900 active investors
  • Service Agreements with major credit bureau Transunion and other partners such as Dwolla for ACH transfers and Yodlee for data aggregation
  • Featured by Apple in the "New Apps We Love" section of the App Store just three months after launch

Fundraise Highlights

  • Total Amount Raised: US $108,508
  • Total Round Size: US $3,000,000
  • Raise Description:  Seed
  • Minimum Investment:  US $1,000 per investor
  • Security Type:  Preferred Equity
  • Pre-Money Valuation:  US $10,000,000
  • Offering Type:   Side by Side Offering

Lending platform for financial institutions, businesses, and individuals to invest in the small amount loan market.


Lenmo is a lending platform that facilitates lending by connecting people looking to borrow money with financial institutions, lending businesses, and individual lenders. Lenmo addresses two huge gaps in the market - limited options for small amount borrowing and limited short-term investing options that offer high returns.

Product & Service

Problem/Solution:

The process of obtaining and funding small-dollar amount loans has been dreadfully needing a modern solution for decades. The lack of realtime data and endless manpower needed to process paperwork has resulted in unnecessary costs to lenders, and these costs have been transferred to consumers via high fees and interest. The current solutions don’t provide data to measure/identify the risk profile for these borrowers.

Lenmo uses technology to cut down on these unnecessary costs while providing immediate free access to thousands of borrowers looking for loans. Lenmo provides lenders with data to make an informed investment decision, this includes credit report data, history, as well as aggregated income and expenses from the last 90 days pulled from the borrower’s primary bank account.

  1. For individual users, we currently have a consumer app available on the Apple App Store as well as on Google Play.
  2. For financial institutions, we have recently launched Lenmo Enterprise, a digital end-to-end solution designed to make investing in the small amount loan market seamless with 45 enterprise signups and 75 in the pipeline.

Users remain completely anonymous throughout the entire borrowing/lending process. For transparency and to encourage a fair and competitive market, the “feed” tab within the app allows users to see which loans are being funded and at what interest rate.

How it works for Borrowers:

Borrowers choose their payback term and ultimately they decide whether or not to accept an interest rate that has been offered. Borrowers have the opportunity to have multiple lenders compete to fund their loan. The process is completely digital - no need to do any paperwork or go a bank or lending institution

How it works for Lenders:

Lenders do not have to pay any fees to use the platform. Lenders can leverage Lenmo to diversify their portfolio in a market with low volatility. Lenders can easily choose investments that suit their risk profile and offer corresponding interest rates

Why businesses use Lenmo Enterprise?

  • No lending costs - we manage the time-consuming administrative tasks
  • Centralized, easily accessible data - lenders only pay for the data they need
  • No acquisition costs - Lenmo acquires borrowers on behalf of lenders
  • All data on one place - Save time and money for a huge data integration cost. Lenmo provides you with the data you need when you need it
  • Automated collections - Lenmo connects directly to borrowers’ bank accounts and transfers payments
  • Simplified underwriting - Lenders can easily filter the criteria and set their underwriting rules that fit their investment strategy and make an offer.  
  • Safe and secure - Lenmo uses machine learning and the latest identity verification technology to authenticate borrowers

Business Model:

Lenmo charges borrowers on our platform 1% of the loan principal or a minimum of $3 regardless of interest rate and payback period. The fee and borrowed amounts are included in the borrower's loan request and covered in their payments.

Lenmo Enterprise, our business solution for financial institutions and lending businesses, charges the same 1% of the loan principal or a minimum of $3 per loan to borrowers. Lenmo enterprise allows companies to setup their first account and user without incurring any cost and charges $84.99/user/month for any additional user/employee added to the company’s account.

We have plans for new data partnerships and other monetization opportunities such as integration with existing and alternative data service providers and scoring models. This will create new monetization opportunities and create more significant opportunities for revenue to the investors on our platform.

Media Mentions

Team Story

Having just moved to the US, Mark Maurice, in need of a loan to start his studies, had very few options available to him. When he started shopping for a loan, though he was promised he was pre-qualified for low-interest rates, he quickly learned those rates were simply meant to lure him in and that the final interest rate was sometimes 10x what was initially quoted. His contact information was sold and shared with other lenders and the phone would not stop ringing. On a quest to find the best rate, he’d spend hours on the phone and following up with paperwork to apply. The process was tedious and the calls, even until now, have been endless.

Mark presented his idea for a simplified lending solution to his childhood friends, Albert and John, and they quickly bought into the concept.  In February 2018 the idea of having immediate loan offers based on pre-collected data and  Lenmo was born. Seven short months later, Lenmo launched in the App Store.

Founders and Officers

Mark Maurice

Founder, CEO

Mark is focused on strategic planning and execution for Lenmo. Mark has over 10 years of business development and business management experience in several industries, including start-ups, across several regions in Africa, Europe, and North America. Mark holds an undergraduate degree in Engineering, an MBA from London, and he is currently a Business Administration and Management PhD candidate.

Mark Maurice

Founder, CEO

Mark is focused on strategic planning and execution for Lenmo. Mark has over 10 years of business development and business management experience in several industries, including start-ups, across several regions in Africa, Europe, and North America. Mark holds an undergraduate degree in Engineering, an MBA from London, and he is currently a Business Administration and Management PhD candidate.

John Hakim

Co-founder, CTO

John leads the engineering and operations teams. In this role, he is responsible for managing the development of the Lenmo app. John also oversees the planning and evolution of the product roadmap which includes feedback from all cross-functional teams. John has an Engineering degree and has been a Lead Engineer at Motorola for the last 9 years working on high-profile software projects in both the Middle East and North America.

John Hakim

Co-founder, CTO

John leads the engineering and operations teams. In this role, he is responsible for managing the development of the Lenmo app. John also oversees the planning and evolution of the product roadmap which includes feedback from all cross-functional teams. John has an Engineering degree and has been a Lead Engineer at Motorola for the last 9 years working on high-profile software projects in both the Middle East and North America.

Kyo Kim

Co-founder, Head of Design

Lenmo's design lead Kyo, has been a driving force behind the platform's success. With the goal of designing an award-winning user experience, he was essential in getting Apple's attention who was quick to feature Lenmo in the "Apps We Love" section of the App Store shortly after launch. Kyo's work experience, which includes designing for Lyft and Capital One has been instrumental from the branding of the company to the seamless app experience.

Kyo Kim

Co-founder, Head of Design

Lenmo's design lead Kyo, has been a driving force behind the platform's success. With the goal of designing an award-winning user experience, he was essential in getting Apple's attention who was quick to feature Lenmo in the "Apps We Love" section of the App Store shortly after launch. Kyo's work experience, which includes designing for Lyft and Capital One has been instrumental from the branding of the company to the seamless app experience.

Key Team Members

June Kim

Lead Product Designer

Marina Trabouly

Marketing Executive

Min Choi

Visual Designer

Dana Kim

Product Design Intern

SunJung Park

Product Designer

Mina Ibrahim

Country Manager, Egypt

Hazem El-Sisy

Senior Front-end Developer

Omnia Badr

Senior Back-end Developer

Notable Advisors & Investors

Christopher Jones

Investor, Partner at Silicon Valley Product Group

Nathaly Arriola

Investor, Policy and Political Advisor, Obama White House Official

Martina Lauchengco

Investor, Operating Partner, Costanoa Ventures

John Guindi

Investor, Angel Investor

Jeff Gordon

Investor, Lawyer

Raghav Lal

Advisor, Grishin Robotics Venture Fund, ex-CCO Amex, Global Head Small Biz Visa

Aykut Karaalioglu

Advisor, Founder & CEO of MobileAction

Term Sheet

A Side by Side offering refers to a deal that is raising capital under two offering types. If you plan on investing less than US $20,000.00, you will automatically invest under the Regulation CF offering type. If you invest more than US $20,000.00, you must be an accredited investor and invest under the Regulation D offering type.

Fundraising Description

  • Round type:
    Seed

  • Round size:
    US $3,000,000

  • Raised to date:
    US $108,508
    US $8,508 (under Reg CF only)

  • Minimum investment:
    US $1,000

  • Target Minimum:
    US $700,000
  • Key Terms

  • Security Type:
    Preferred Equity

  • Share price:
    US $0.80304

  • Pre-money valuation:
    US $10,000,000

  • Option pool:
    12.0%

  • Liquidation preference:
    1.0x
  • Additional Terms

  • Custody of Shares

    Investors who invest $50,000 or less will have their securities held in trust with a Custodian that will serve as a single shareholder of record. These investors will be subject to the Custodian’s Account Agreement, including the electronic delivery of all required information. 


  • Investment Proxy Agreement:

    Investors who invest $50,000 or less will be subject to an Investment Proxy Agreement (“IPA”). The IPA will authorize an investment Manager to act as representative for each non-Major Purchaser and take certain actions for their benefit and on their behalf. Please see a copy of the IPA included with Company's offering materials for additional details.


  • Closing conditions:
    While Lenmo Inc. has set an overall target minimum of US $700,000 for the round, Lenmo Inc. must raise at least US $25,000 of that amount through the Regulation CF portion of their raise before being able to conduct a close on any investments below $20,000. For further information please refer to Lenmo Inc.'s Form C.

  • Regulation CF cap:
    While Lenmo Inc. is offering up to US $3,000,000 worth of securities in its Seed, only up to US $1,070,000 of that amount may be raised through Regulation CF.

  • Transfer restrictions:
    Securities issued through Regulation CF have a one year restriction on transfer from the date of purchase (except to certain qualified parties as specified under Section 4(a)(6) of the Securities Act of 1933), after which they become freely transferable. While securities issued through Regulation D are similarly considered "restricted securities" and investors must hold their securities indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available.

  • Use of Proceeds

    Investor Perks

    Early Bird Lenmon: Invest by October 11th, 2019 an amount of $10,000 to receive a $1,000 of Lenmo credit to invest in our platform.

    Perks:

    $2,500- $4,999: $100 In Lenmo Credit to invest in our platform.

    $5,000- $9,999: $200 in Lenmo Credit to invest in our platform.

    $10,000- $49,999: $500 in Lenmo Credit to invest in our platform.

    50,000+: $1,500 in Lenmo Credit to invest in our platform + Invitation to a private founder dinner.

    VIP Experience Lenmon: Invest more than $100,000 and receive a $5,000 in Lenmo Credit to invest in our platform + Invitation to a private founder dinner+ In-person meeting or video call with Lenmo's executive team.

    Description of Benefits:

    Lenmo Credit: Lenmo credit will be transferred to registered investors Lenmo account once the round is closed. Lenmo will reach out to each investor with instructions on how to utilize deposited credit. Lenmo credits can be used to fund loans through our platform. 

    Private Founder Dinner: Qualified investors for Founder dinner will be invited to a dinner with the founders in San Francisco. 


    It is advised that you consult a tax professional to fully understand any potential tax implications of receiving investor perks before making an investment.

    Prior Rounds

    The graph below illustrates the valuation cap or the pre-money valuation of Lenmo Inc.'s prior rounds by year.


    This chart does not represent guarantees of future valuation growth and/or declines.

    Seed

  • Round Size
    US $430,000
  • Closed Date
    Oct 1, 2018
  • Security Type
    Common Equity
  • Pre-money Valuation
    US $8,000,000
  • Market Landscape


    The unsecured personal loan market hit an all-time high in 2018, surging 17 percent year over year to $138 billion, according to data from TransUnion.

    Marketplace lending platforms are changing the way individual consumers and small businesses shop for loans, by combining big data with innovative financial tools. These new lenders offer new anti-fraud mechanisms and sophisticated credit models that are attractive to borrowers and investors alike.

    According to a report by PwC, 56% of banking CEOs are concerned about the threat of new entrants in the lending industry, and 81% are worried about the speed of technological change. 

    Risks and Disclosures

    The development and commercialization of the Company’s products and services are highly competitive. It faces competition with respect to any products and services that it may seek to develop or commercialize in the future. Its competitors include major companies worldwide. The peer-to-peer lending market is an emerging industry where new competitors are entering the market frequently. Many of the Company’s competitors have significantly greater financial, technical and human resources and may have superior expertise in research and development and marketing approved services and thus may be better equipped than the Company to develop and commercialize services. These competitors also compete with the Company in recruiting and retaining qualified personnel and acquiring technologies. Smaller or early stage companies may also prove to be significant competitors, particularly through collaborative arrangements with large and established companies. Accordingly, the Company’s competitors may commercialize products more rapidly or effectively than the Company is able to, which would adversely affect its competitive position, the likelihood that its services will achieve initial market acceptance and its ability to generate meaningful additional revenues from its products and services.

    The Company forecasts project aggressive growth post-raise. If these assumptions are wrong and the projections regarding market penetration are too aggressive, then the financial forecast may overstate the Company's overall viability. In addition, the forward-looking statements are only predictions. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

    The Company’s expenses will significantly increase as they seek to execute their current business model. The Company will be ramping up cash burn to promote revenue growth, build their first location, and fund other Company operations after the raise. Doing so could require significant effort and expense or may not be feasible.

    The Company does not currently hold any intellectual property and they may not be able to obtain such intellectual property. Their ability to obtain protection for their intellectual property (whether through patent, trademark, copyright, or other IP right) is uncertain due to a number of factors, including that the Company may not have been the first to make the inventions. The Company have not conducted any formal analysis of the “prior art” in their technology, and the existence of any such prior art would bring the novelty of their technologies into question and could cause the pending patent applications to be rejected. Further, changes in U.S. and foreign intellectual property law may also impact their ability to successfully prosecute their IP applications. For example, the United States Congress and other foreign legislative bodies may amend their respective IP laws in a manner that makes obtaining IP more difficult or costly. Courts may also render decisions that alter the application of IP laws and detrimentally affect their ability to obtain such protection. Even if the Company is able to successfully register IP, this intellectual property may not provide meaningful protection or commercial advantage. Such IP may not be broad enough to prevent others from developing technologies that are similar or that achieve similar results to theirs. It is also possible that the intellectual property rights of others will bar the Company from licensing their technology and bar them or their customer licensees from exploiting any patents that issue from our pending applications. Finally, in addition to those who may claim priority, any patents that issue from our applications may also be challenged by their competitors on the basis that they are otherwise invalid or unenforceable.

    In general, demand for the Company's products and services is highly correlated with general economic conditions. A substantial portion of their revenue is derived from discretionary spending by individuals, which typically falls during times of economic instability. Declines in economic conditions in the U.S. or in other countries in which they operate may adversely impact their consolidated financial results. Because such declines in demand are difficult to predict, the Company or the industry may have increased excess capacity as a result. An increase in excess capacity may result in declines in prices for their products and services.

    The Company may be unable to maintain, promote, and grow its brand through marketing and communications strategies. It may prove difficult for the Company to dramatically increase the number of customers that it serves or to establish itself as a well-known brand in the competitive peer-to-peer lending space. Additionally, the product may be in a market where customers will not have brand loyalty.

    The Company has not prepared any audited financial statements. Therefore, investors have no audited financial information regarding the Company’s capitalization or assets or liabilities on which to make investment decisions. If investors feel the information provided is insufficient, then they should not invest in the Company.

    The company currently has $77,000 in credit card debt as of 5/23/19. The Company intends for a portion of the funds from the round to be used to pay down credit card balances and free up working capital by bringing down interest costs. This may require the Company to dedicate a substantial portion of its cash flow from operations or the capital raise to pay principal of, and interest on indebtedness, thereby reducing the availability of cash flow to fund working capital, capital expenditures, carry out other business strategies, or other general corporate purposes.

    Post fundraise, management will be paid a high salary. The Company’s CEO is paid a salary that is high relative to the stage of the Company’s business, and personnel costs represent a significant portion of the Company’s operating expenses. High executive compensation results in a higher overall salary burn, which in turn shortens the runway for achieving desired traction and company milestones. High executive compensation can leave a negative impression with new or potential investors who may believe that conservatively compensated founder-CEOs are more focused on driving towards the long-term success of the business. It may therefore negatively impact the ability of the Company to raise funds. 

    The Company has not filed a Form D for its Seed offering from 2018. The SEC rules require a Form D to be filed by companies within 15 days after the first sale of securities in the offering relying on Regulation D. Failing to register with the SEC or get an exemption may lead to fines, the right of investors to get their investments back, and even criminal charges. There is a risk that a late penalty could apply.

    The company currently has approximately $25,000 in secured debt. This may require the Company to dedicate a substantial portion of its cash flow from operations or the capital raise to pay principal of, and interest on, indebtedness, thereby reducing the availability of cash flow to fund working capital, capital expenditures, or other general corporate purposes, or to carry out other business strategies. The Loan is personally guaranteed by the Founder. In addition, the terms of the Loan clarify that upon any event of default, the Lender may declare all or any portion of the Loan to be immediately due and payable. One of the Events of Default, as defined in that agreement is a general inability to pay its debts. The Loan is secured with a continuing security interest in all the Company’s assets.

    The Company is overdue on its 2018 tax filing, which could subject it to penalties, fines, or interest changes, and which could indicate a failure to maintain adequate financial controls and safeguards. In particular, the Internal Revenue Service (IRS) could impose the Company with costly penalties and interest charges if the Company has filed its tax return late, or has not furnished certain information by the due date. In addition, even if the Company has filed an extension, if it underestimated its taxes, the IRS could penalize it. Potential tax consequences could adversely affect the Company’s results of operations or financial condition.

    On July 3, 2019, PayPal, the owner of U.S. Trademark Registrations for the mark VENMO, filed a lawsuit against Lenmo for trademark infringement, false designation of origin, trademark dilution, common law unfair competition, and unfair competition under California Business and Professions Code § 17200, in the United States District Court for the Northern District of California. The Parties, without making any admission regarding the merits of the lawsuit, engaged in settlement discussions to avoid legal proceedings and litigation and settle their differences with regard to their respective trademarks. As of September 19, 2019, there is an outstanding Settlement Agreement which, on execution, settles the matter on mutually agreeable terms.

    Lenmo Programing Egypt is a related entity located in Egypt and is owned 99%  by Lenmo Inc. founder Mark Maurice and 1% by Mina Ibrahim. This entity is not a direct subsidiary of Lenmo Inc., but is used to hire and pay the Company's engineering team located in Egypt. Currently, there is not revenue or operations through this entity, but there can be no guarantee that this structure will continue into the future.

    The Company has failed to implement proper and effective internal controls, disclosure controls, and/or corporate governance procedures. Prior to this offering, the Company has, on at least one occasion, failed to implement or maintain an effective system of corporate governance. In particular, the Company has occasionally used corporate bank accounts for founder personal expenses. Risks related to errors in proper corporate bank account policies include, but are not limited to, miscalculations of taxes, penalties, and lack of security. While the founders intend to take salaries after the raise, there can be no guarantee that these internal controls will be remedied. 

    General Risks and Disclosures

    Start-up investing is risky. Investing in startups is very risky, highly speculative, and should not be made by anyone who cannot afford to lose their entire investment. Unlike an investment in a mature business where there is a track record of revenue and income, the success of a startup or early-stage venture often relies on the development of a new product or service that may or may not find a market. Before investing, you should carefully consider the specific risks and disclosures related to both this offering type and the company which can be found in this company profile and the documents in the data room below.

    Your shares are not easily transferable. You should not plan on being able to readily transfer and/or resell your security. Currently there is no market or liquidity for these shares and the company does not have any plans to list these shares on an exchange or other secondary market. At some point the company may choose to do so, but until then you should plan to hold your investment for a significant period of time before a "liquidation event" occurs. A "liquidation event" is when the company either lists their shares on an exchange, is acquired, or goes bankrupt.

    The Company may not pay dividends for the foreseeable future. Unless otherwise specified in the offering documents and subject to state law, you are not entitled to receive any dividends on your interest in the Company. Accordingly, any potential investor who anticipates the need for current dividends or income from an investment should not purchase any of the securities offered on the Site.

    Valuation and capitalization. Unlike listed companies that are valued publicly through market-driven stock prices, the valuation of private companies, especially startups, is difficult to assess and you may risk overpaying for your investment. In addition, there may be additional classes of equity with rights that are superior to the class of equity being sold.

    You may only receive limited disclosure. While the company must disclose certain information, since the company is at an early-stage they may only be able to provide limited information about its business plan and operations because it does not have fully developed operations or a long history. The company may also only obligated to file information periodically regarding its business, including financial statements. A publicly listed company, in contrast, is required to file annual and quarterly reports and promptly disclose certain events — through continuing disclosure that you can use to evaluate the status of your investment.

    Investment in personnel. An early-stage investment is also an investment in the entrepreneur or management of the company. Being able to execute on the business plan is often an important factor in whether the business is viable and successful. You should be aware that a portion of your investment may fund the compensation of the company's employees, including its management. You should carefully review any disclosure regarding the company's use of proceeds.

    Possibility of fraud. In light of the relative ease with which early-stage companies can raise funds, it may be the case that certain opportunities turn out to be money-losing fraudulent schemes. As with other investments, there is no guarantee that investments will be immune from fraud.

    Lack of professional guidance. Many successful companies partially attribute their early success to the guidance of professional early-stage investors (e.g., angel investors and venture capital firms). These investors often negotiate for seats on the company's board of directors and play an important role through their resources, contacts and experience in assisting early-stage companies in executing on their business plans. An early-stage company may not have the benefit of such professional investors.

    Representatives of SI Securities, LLC are affiliated with SI Advisors, LLC ("SI Advisors") Representatives of SI Securities, LLC are affiliated with SI Advisors, LLC ("SI Advisors"). SI Advisors is an exempt investment advisor that acts as the General Partner of SI Selections Fund I, L.P. ("SI Selections Fund"). SI Selections Fund is an early stage venture capital fund owned by third-party investors. From time to time, SI Selections Fund may invest in offerings made available on the SeedInvest platform, including this offering. Investments made by SI Selections Fund may be counted towards the total funds raised necessary to reach the minimum funding target as disclosed in the applicable offering materials.

    Lenmo Inc.'s Form C

    The Form C is a document the company must file with the Securities and Exchange Commission, which includes basic information about the company and its offering and is a condition to making a Reg CF offering available to investors. It is important to note that the SEC does not review the Form C, and therefore is not recommending and/or approving any of the securities being offered.

    Download Lenmo Inc.'s  Form C

    Frequently Asked Questions

    About Side by Side Offerings
    What is Side by Side?

    A Side by Side offering refers to a deal that is raising capital under two offering types. This Side by Side offering is raising under Regulation CF and Rule 506(c) of Regulation D.


    What is a Form C?

    The Form C is a document the company must file with the Securities and Exchange Commission (“SEC”) which includes basic information about the company and its offering and is a condition to making a Reg CF offering available to investors. It is important to note that the SEC does not review the Form C, and therefore is not recommending and/or approving any of the securities being offered.

    Before making any investment decision, it is highly recommended that prospective investors review the Form C filed with the SEC (included in the company's profile) before making any investment decision.


    What is Rule 506(c) under Regulation D?

    Rule 506(c) under Regulation D is a type of offering with no limits on how much a company may raise. The company may generally solicit their offering, but the company must verify each investor’s status as an accredited investor prior to closing and accepting funds. To learn more about Rule 506(c) under Regulation D and other offering types check out our blog and academy.


    What is Reg CF?

    Title III of the JOBS Act outlines Reg CF, a type of offering allowing private companies to raise up to $1 million from all Americans. Prior capital raising options limited private companies to raising money only from accredited investors, historically the wealthiest ~2% of Americans. Like a Kickstarter campaign, Reg CF allows companies to raise funds online from their early adopters and the crowd. However, instead of providing investors a reward such as a t-shirt or a card, investors receive securities, typically equity, in the startups they back. To learn more about Reg CF and other offering types check out our blog and academy.


    Making an Investment in Lenmo Inc.
    How does investing work?

    When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Lenmo Inc.. Once Lenmo Inc. accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Lenmo Inc. in exchange for your securities. At that point, you will be a proud owner in Lenmo Inc..


    What will I need to complete my investment?

    To make an investment, you will need the following information readily available:

    1. Personal information such as your current address and phone number
    2. Employment and employer information
    3. Net worth and income information
    4. Social Security Number or passport
    5. ABA bank routing number and checking account number (typically found on a personal check or bank statement)

    If you are investing under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.


    How much can I invest?

    An investor is limited in the amount that he or she may invest in a Reg CF offering during any 12-month period:

    • If either the annual income or the net worth of the investor is less than $100,000, the investor is limited to the greater of $2,000 or 5% of the lesser of his or her annual income or net worth.
    • If the annual income and net worth of the investor are both greater than $100,000, the investor is limited to 10% of the lesser of his or her annual income or net worth, to a maximum of $100,000.

    Separately, Lenmo Inc. has set a minimum investment amount of US $1,000.

    Accredited investors investing $20,000 or over do not have investment limits.


    After My Investment
    What is my ongoing relationship with the Issuer?

    You are a partial owner of the company, you do own securities after all! But more importantly, companies which have raised money via Regulation CF must file information with the SEC and post it on their websites on an annual basis. Receiving regular company updates is important to keep shareholders educated and informed about the progress of the company and their investment. This annual report includes information similar to a company’s initial Reg CF filing and key information that a company will want to share with its investors to foster a dynamic and healthy relationship.

    In certain circumstances a company may terminate its ongoing reporting requirement if:

    1. The company becomes a fully-reporting registrant with the SEC
    2. The company has filed at least one annual report, but has no more than 300 shareholders of record
    3. The company has filed at least three annual reports, and has no more than $10 million in assets
    4. The company or another party purchases or repurchases all the securities sold in reliance on Section 4(a)(6)
    5. The company ceases to do business

    However, regardless of whether a company has terminated its ongoing reporting requirement per SEC rules, SeedInvest works with all companies on its platform to ensure that investors are provided quarterly updates. These quarterly reports will include information such as: (i) quarterly net sales, (ii) quarterly change in cash and cash on hand, (iii) material updates on the business, (iv) fundraising updates (any plans for next round, current round status, etc.), and (v) any notable press and news.


    How can I sell my securities in the future?

    Currently there is no market or liquidity for these securities. Right now Lenmo Inc. does not plan to list these securities on a national exchange or another secondary market. At some point Lenmo Inc. may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Lenmo Inc. either lists their securities on an exchange, is acquired, or goes bankrupt.


    How do I keep track of this investment?

    You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement. If invested under Regulation CF you may also receive periodic updates from the company about their business, in addition to monthly account statements.


    Other General Questions
    What is this page about?

    This is Lenmo Inc.'s fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity. If the company runs a side by side offering that includes an offering under Regulation CF, you may also find a copy of the Lenmo Inc.'s Form C. The Form C includes important details about Lenmo Inc.'s fundraise that you should review before investing.


    How can I (or the company) cancel my investment under Regulation CF?

    For offerings made under Regulation CF, you may cancel your investment at any time up to 48 hours before a closing occurs or an earlier date set by the company. You will be sent a reminder notification approximately five days before the closing or set date giving you an opportunity to cancel your investment if you had not already done so. Once a closing occurs, and if you have not canceled your investment, you will receive an email notifying you that your securities have been issued. If you have already funded your investment, your funds will be promptly refunded to you upon cancellation. To cancel your investment, you may go to your account's portfolio page by clicking your profile icon in the top right corner.


    What if I change my mind about investing?

    If you invest under any other offering type, you may cancel your investment at any time, for any reason until a closing occurs. You will receive an email when the closing occurs and your securities have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your account's portfolio page by clicking your profile icon in the top right corner.