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Help yourself
What we are looking for
We're inviting you to be part of our first effort to raise capital.
$300,000+
Our goal is to raise $300,000+ via this SAFE raise to enable Feijoa to go to
market in 2025.
We may accept oversubscriptions.
$1000
The minimum investment you can make is $1000, and you can invest in multiples
of $1000.
Feijoa must be satisfied that each potential investor falls
within an appropriate exemption to the Financial Markets Conduct Act 2013
and may at its absolute discretion decline an offer of investment from an
investor.
$8m / 20%
SAFE conversion terms offered are discount of 20%, capped at a maximum
valuation of $8 million.
For example, if Feijoa raises further funds
at a valuation of $12 million, we will convert your SAFE notes to equity at
a valuation of $8m, being the lesser of $12m minus 20% ($9.6m) and $8m.
We are offering to raise funds via the SAFE mechanism. SAFE = Simple Agreement for Future Equity.
Our proposed closing date for this capital raise is 22 August 2025.
A SAFE mechanism has a number of benefits to Feijoa & investors, including:
- simpler, faster and lower cost than valuing and issuing shares immediately to allow Feijoa to leverage momentum, open banking opportunities and KiwiSaver commentary without delay;
- allows early-stage investors to invest now and receive shares later (usually at the next priced round) and allowing all parties to benefit from later stage professional investor expertise;
- no need to value the company today until actual performance understood;
- no interest or maturity date — company and investors better aligned than convertible notes; and
- well understood structure by early-stage investors and other professional investors (widely adopted globally and increasingly recognised by early-stage NZ investors and legal advisors).
Find out more about what a SAFE is
Note: It's important you understand what you're signing up for. Please read all documents very carefully. If you need help, please seek professional advice before investing.
Note: Participation in this capital raise does not entitle the investor to any rights as a shareholder of Feijoa at this time. An investors rights are only as set out in the SAFE agreement or as required by law.
The situation
KiwiSaver is underserving kiwis
Video headline
KiwiSaver is a proven and well-established way to save for a first home or retirement. But it's not perfect. Or at least, nbot the way many New Zealanders use it right now.
The situation
Missing million
Of the 3.5 million KiwiSaver members, 1.5million members are under-saving and miss out on the full government contribution match. That's hundredds of millions of dollars a year that doesn't get invested into Kiwis' retirement
- Many people are disengaged from KiwiSaver - they don't know their fund type, fees or even if they are on track for retirement. This can lead to poor fund choices, missed opportunities and inadequate savings
- There is limited proactive support or timely nudges from funds to help savers stay on track
- KiwiSaver is designed for those on PAYE. It doesn't work well foir part-time workers, those who are self-employed or gig workers
Meet Feijoa
Changing the game
Video headline
Feijoa is a gamechanger.
It doesn't just change what people can save, it shifts how they save. By making saving for KiwiSaver as easy as spending, Feijoa makes preparing for the future easier than ever.
It works with any KiwiSaver provider and any New Zealand bank.
It's secure, simple and frictionless.
TO DO
- Update and correct numbers
- tighten up language, e.g. change 'some estimates' to what data actually says
TO DO
- confirm status of board?
TO DO
- validate numbers?
TO DO
- validate numbers
- ensure adds up to at least 300k
- add note re oversubscriptions
- fill in missing text on background slide???? which is missing