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RAYYAN SYSTEMS INC.

Reg CF · SAFE · Aug 2023

ClosedReached targetReg CFSAFE
via WeFunderView campaign
Raised
$133.5K / $618K max
22% of ceiling · target hit day 46
Investors
109
$1.2K avg
Valuation cap
$17.5M
cap, not an agreed valuation

Raised over time

Cumulative raisedInvestors
$287K$143K$0
42210
Aug 28, 2023 · openedApr 15, 2024 · last reading
Target ($50K) hit — Oct 13, 2023, day 46Deadline Apr 29, 2024 — 14 days out

Left axis: cumulative dollars raised. Right axis: cumulative investors. Live figures via WeFunder; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2021–FY2022 · hover for source
$1K
−$0
FY2021
$31K
−$1
FY2022
RevenueNet income
Metric
FY2021 reviewed
FY2022 reviewed
Income statement
Revenue
$1,469
$31,288
Cost of goods sold
$273
$3,167
Gross margin
81%
90%
Net income
-$0
-$1
Taxes paid
$0
$0
Balance sheet
Cash
$198,104
$28,295
Accounts receivable
$0
$0
Total assets
$245,552
$100,032
Short-term debt
$8,177
$3,318
Long-term debt
$377
$377
Total liabilities
$8,554
$3,695
Other
Headcount
—
3

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Deal terms

Valuation cap$17.5M
Conversion discount20%

Offering details

Target$50,000
Max$618,000
Min investment$100
OpenedAug 28, 2023
DeadlineApr 29, 2024
ClosedApr 15, 2024
Days active231

Links & provenance

Campaign pageSEC filing
Source: Manual
0001670254-23-000733

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. 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.