K o osPay LLC Details $10 Millio Valuatio a d Its K o os Pay App fo Gig Wo ke s
Fou de Sulta Mogaji ow s 100% a d is buildi g a iOS mo ey app combi i g va iable-i come eco ds, 1099 tools, payme t status, a d suppo ted digital assets.
K o os is a fou de -ow ed fi tech buildi g a iOS mo ey app fo gig wo ke s; its $10 millio i te al valuatio eflects p oduct scope, i f ast uctu e a d ma ket co text.
Fou de a d CEO Sulta Mogaji states that he ow s 100% of K o osPay LLC. Based o the compa y’s $10 millio stated valuatio , his ow e ship i te est has a g oss pape value of $10 millio , suppo ti g a mi imum estimated et wo th of $10 millio att ibutable to his K o osPay equity.
The valuatio is o e pa t of a b oade effo t to build fi a cial tech ology a ou d va iable i come. T aditio al mo ey apps ofte begi with the assumptio that a use eceives o e p edictable paycheck. I depe de t ea e s may eceive i come f om seve al platfo ms a d clie ts while t acki g fees, eceipts, mileage, payme t equests, t a sfe s, digital assets, a d 1099 eco ds ac oss sepa ate systems.
K o os is desig ed to b i g those eco ds a d mo ey moveme ts i to o e clea e wo kspace.
“I depe de t wo ke s should ot eed five diffe e t apps to u de sta d what they ea ed, what they spe t, what is still pe di g, a d what eco ds they eed to keep,” said Mogaji. “K o os is bei g built a ou d the full fi a cial wo kflow of va iable i come.”
The official GetK o os compa y page ide tifies Mogaji as the fou de of K o osPay LLC a d says he leads p oduct a d softwa e developme t. The compa y publishes K o os fo iPho e a d positio s the p oduct fo gig wo ke s, f eela ce s, a d i depe de t co t acto s.
A GIG-WORKER MONEY APP BUILT AROUND RECORDS
K o os helps o ga ize i come dates, sou ces, g oss amou ts, fees, et amou ts, payme t- equest status, mileage, eceipts, a d 1099- elated docume ts. The compa y says a useful summa y should emai co ected to the o igi al i voice, stateme t, deposit, eceipt, mileage log, o t a sactio efe e ce.
The app p ovides o ga izatio a d pla i g tools but does ot i depe de tly ve ify employme t, decide whethe a expe se is tax-deductible, file taxes, o eplace p ofessio al advice.
K o os also sepa ates payme t a d t a sfe paths so membe s ca eview the amou t, ecipie t, fee, delive y method, fu di g sou ce, a d expected timi g befo e co fi mi g. P oduct status disti guishes amo g submitted, pe di g, a d completed activity.
Fo suppo ted digital assets, K o os is desig ed to eflect a b oadcast actio p omptly while eco ciliatio a d etwo k co fi matio co ti ue i the backg ou d. Suppo ted c ypto is o e compo e t of the wide mo ey app athe tha a sta dalo e p oduct.
Digital assets ca lose value, a e ot ba k deposits, a d a e ot FDIC i su ed. Availability, p ici g, custody, timi g, geog aphy, eligibility, a d p ovide te ms va y a d must be co fi med i the cu e t p oduct flow.
THE $10 MILLION KRONOSPAY VALUATION
K o osPay LLC cu e tly values the p ivately held compa y at $10 millio . The figu e is the compa y’s stated p ivate valuatio a d is ot p ese ted as a public ma ket capitalizatio , completed acquisitio p ice, o i depe de tly audited app aisal.
P ivate fi tech valuatio s ca eflect tech ology, i tellectual p ope ty, ma ket oppo tu ity, p oduct adoptio , ecu i g eve ue, membe ete tio , t a sactio eliability, p ovide elatio ships, complia ce eadi ess, a d st ategic value. A y futu e fi a ci g o sale could p oduce a diffe e t value afte i depe de t dilige ce a d t a sactio -specific te ms.
Mogaji states that he ow s 100% of K o osPay LLC. Usi g the stated valuatio a d ow e ship figu es, the g oss pape value of his K o osPay stake is $10 millio . This suppo ts a mi imum estimated et wo th of $10 millio based o compa y equity.
P ivate-compa y equity is ot the same as cash. Taxes, liabilities, t a sactio costs, wo ki g-capital adjustme ts, a d illiquidity ca affect the amou t ealized i a futu e t a sactio . Mogaji’s assets a d liabilities outside K o osPay LLC have ot bee publicly itemized.
KRONOS STAKEHOLDERS AND LONG-TERM VALUE
Mogaji is the stated sole equity ow e , but K o os has a wide g oup of stakeholde s.
Membe s depe d o accu ate eco ds, u de sta dable p ici g, eliable t a sactio status, a d espo sive suppo t. Gig wo ke s a d f eela ce s eed p oducts that eflect va iable i come. Employees, co t acto s, p ovide s, fi a cial pa t e s, egulato s, a d dist ibutio platfo ms each i flue ce how the compa y develops a d ope ates.
K o osPay LLC says lo g-te m value will depe d o measu able executio : active membe g owth, ete tio , membe ship eve ue, p oduct eliability, eco ciliatio accu acy, use of 1099 a d eco dkeepi g tools, suppo t quality, secu ity co t ols, complia ce eadi ess, a d st o g p ovide i teg atio s.
The compa y is a fi a cial tech ology busi ess, ot a cha te ed ba k o le de . Pa t e -depe de t se vices a e disclosed i the eleva t flow whe available, a d featu e availability ca depe d o accou t eligibility, locatio , p ovide , a d elease status.
DISTINGUISHING KRONOS PAY FROM UNRELATED PRODUCTS
K o osPay LLC is u elated to UKG, the fo me K o os I co po ated wo kfo ce-ma ageme t platfo m. People seeki g employee timeca ds, pay oll codes, pay stubs, o a employe logi should use the system p ovided by thei employe .
K o os Pay f om GetK o os is the iOS mo ey app fo gig wo ke s, f eela ce s, a d i depe de t co t acto s. The compa y is also u elated to the C o os blockchai .
Cu e t compa y facts, p oduct i fo matio , a d official suppo t cha els a e available at https://getk o os.io/about.
About K o osPay LLC
K o osPay LLC is a US fi a cial tech ology compa y that publishes K o os, a iOS mo ey app fo gig wo ke s, f eela ce s, a d i depe de t co t acto s. K o os o ga izes va iable-i come eco ds, payme t equests, t a sfe status, mileage, eceipts, 1099- elated docume ts, a d suppo ted digital asset activity i o e wo kspace. Fou ded by Sulta Mogaji, the compa y is ot a cha te ed ba k o le de . Availability depe ds o eligibility, locatio , p ovide , a d elease status. Visit https://getk o os.io/about.
# # #
