Crowdonomics
All companies
Fama Cash logo

Fama Cash

Operating

Fama Financial Holdings, Inc.

Fintech · King Of Prussia, PA

Post-money valuation ⓘ
$16.4M
As of Dec 2017 · from Reg CF Offering (2017) · pre-money + amount raised, not a traded price
Total raised
$1,556,468
Crowd $29K · Private $1.5M · 4 rounds since 2015
Latest share price
$0.50
Private · Class A Common Stock · Dec 2017 offering price · down round

Financials

FY2015–FY2018 · from SEC filings · hover any figure for its source
$0
−$276K
2015
$0
−$636K
2016
$0
2017
$0
2018
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2015 reviewed*
FY2016 reviewed*
FY2017
FY2018
Income statement
Revenue
$0
$0
$0
$0
Cost of goods sold
$276,138
$635,732
$3,176,063
$1,297,236
Net income
-$276,138
-$636,241
$0
$0
Taxes paid
$0
$0
$0
$1,232
Balance sheet
Cash
$2,219
$947
$0
$72,993
Accounts receivable
$0
$0
$0
$3,769
Total assets
$2,219
$1,937
$990
$271,332
Short-term debt
$0
$0
$0
$0
Long-term debt
$8,697
$74,485
$1,106,302
$1,358,337
Total liabilities
$8,697
$74,485
$1,106,302
$1,358,337
Other
Headcount
—
11
—
12

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$16.4M
pre-money
Reg CF · Common · Jun 2017

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

log scale
$1.00$0.3079$0.0948
Jul 2015Dec 2017
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Dec 2017 (-50%)

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Principal holders% as the filing states it, May 16, 2019

  • Saiful Khandaker72.0%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $29.4K / $1MInvestors 40Post-money $16.4M

Team

4 people
Dr. Saiful KhandakerFounder
CEO & Founder

Dr. Khandaker has been the CEO of FAMA since 2015. Prior to FAMA, Dr. Khandaker was CEO of Freebee Pay, an innovative loyalty and shopping solution that also integrated charity payments into its product offering. Also co-founder of Beekash Payment Systems, LLC, and a payment gateway system that enabled processing for Credit & Debit cards, e-Checks, and Bitcoin transactions for worldwide online retailers. Before FreebeePay and Beekash, Dr. Khandaker has designed and developed software applications for AT&T, Cingular Wireless, Cox Communications, BellSouth, Delta Airlines, GE, and many start-ups. Dr. Khandaker has a Doctorate degree in Organizational Leadership, a Master's of Science degree in Technology Management, and a Bachelor of Science degree in Computer Information Systems. He received Top 5 Mobile Innovation Award in 2011 by the Wireless Technology Forum of Georgia and Top 40 Innovation Award in 2012 by the Technology Association of Georgia. Position held in past three years: July 2015 - present CEO, Fama, Inc. November 2009 - June 2015 CEO, FreebeePay, Inc.

Hussain Shirazie
EVP Asia & Middle East

Hussain has been the EVP Asia & Middle East of FAMA since September 2016. He was responsible for the Standard Chartered Bank’s transaction banking business based out of Dhaka, Bangladesh for the last three years ending March 16, 2016. The USD 140 million business comprising of a 41 member team covered all facets of the corporate transaction banking business. Prior to Bangladesh, he was based out of Bahrain for 6 years with added business and management responsibility for the Saudi Arabia, Oman, Qatar, Jordan and Lebanon markets. Earlier, he spent 4 years with HSBC in Sydney, Australia running their payments and cash management business and 5 years with Citibank starting in 1997 in Dubai as part of their corporate business and relationship management. Position held in past three years: September 2016 - present EVP Asia & Middle East, Fama, Inc. January 2012 - April 2016 Managing Director, Transactional Banking, Standard & Chartered Bank, Bangladesh

Rabiul Karim
EVP

Karim has been the EVP of FAMA since November 2015. He has held a senior level management position with a large retail chained company where he managed over 1800 employees. Karim is actively involved in the South Asian community. He has been elected as the chairman of FOBANA (Federation of Bangladeshi Association in North America), a non-profit parent organization for over 200 Bangladeshi Associations of North America. Karim is on the board of directors of the Pundra University of Science and Technology and the board of directors of Bangladesh Medical College. He earned a MBA from Wichita State University. Position held in past three years: July 2015 - present EVP, Fama, Inc. April 2008 - June 2015 Vice President, Baig & Karim, LLC

Saiful Khandaker
Principal Executive Officer, Financial Controller, Principal Financial Officer, Director

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 2 of 9 annual reports (FY2017–FY2025)

40 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-TRFeb 4, 20200001677504-20-000001
    EDGAR
  • Form C-ARMay 16, 20190001677504-19-000003
    EDGAR
  • Form C-ARApr 23, 20180001677504-18-000001
    EDGAR
  • Form C-UJan 2, 20180001665160-18-000001
    EDGAR
  • Form C/AOct 4, 20170001665160-17-000472
    EDGAR
  • Form C/ASep 27, 20170001665160-17-000439
    EDGAR
  • Form CJun 30, 20170001665160-17-000251
    EDGAR
  • Form DJun 23, 20160001677504-16-000001
    EDGAR
Source: SEC EDGARCIK 0001677504DEShare price $0.50Last synced Aug 17, 2026

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.