Sagoon, a social commerce platform founded by a non-resident Nepali in Washington, DC, has announced an opportunity for accredited investors to invest as little as $5,000 and own a piece of the company.

The company said it had achieved more than 25 percent of its fundraising goal in just 12 hours of the announcement. Sagoon offers a one-of-its-kind social commerce platform for users to connect, share and earn.

“Currently, the company is accepting funds from accredited investors from around the world,” Sagoon said in a statement.

“Its fundraising campaign is going on successfully.” According to the company, it will use the money raised to build and launch mobile apps and expand its user base.

Sagoon was launched as a search engine in 2009, but later developed into a social commerce platform in 2014. Now, its team of 18 individuals is looking forward to expanding Sagoon and continuing to share its applications with users around the world.

The founder of Sagoon, Govinda Giri, was born and raised in a remote village of eastern Nepal. He immigrated to the US 25 years ago as a student.