A tilt at crowd funding by mortgage marketplace HashChing has pulled up short, with the firm to refund the A$315,000 pledged by a handful of retail investors.HashChing used the equity crowd funding platform Equitise in a bid to raise a minimum of $1 million and a maximum of $5 million in new capital.The two year old business had $3.4 million in issued capital and $3.2 million in accumulated losses at March 2018, the offer document shows.In a Q&A on the Equitise platform, CEO Mandeep Sodhi confirmed that "if we do not raise the minimum amount by 15 June … Equitise will refund the amount you invested in HashChing back to you."Sodhi added that "we are in discussion with sophisticated investors separately [and] we will raise the complete round privately. Unfortunately, we cannot extend the [offer]."A former consultant turned banker with Commonwealth Bank and Westpac, Sodhi founded HashChing in 2015. The offer document shows that by March 2018 it had settled 1714 home loans and had 586 brokers aligned with its platform. The business generated $780,000 in revenue over the year to June 2017 "and is forecast to reach $1.9 million in financial year ending June 2018," the offer document says.Patrick Tuttle, the former CEO of Pepper Group, joined as chair of the board of HashChing earlier this year.Picus Capital, H2 Ventures and Sapien Ventures are among early stage investors in the company.