AdvisorCheck
Early Stage
Empowering investors with financial marketplace transparency and accountability
Overview
Raised: $0
Total Commitments ($USD)
Platform
Republic
Start Date
12/27/2023
Close Date
03/26/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
SAFE
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
30%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/26/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
AdvisorCheck, with a valuation of $15 million, is raising funds on Republic. The company has developed a fintech platform that empowers investors with financial marketplace transparency and accountability. AdvisorCheck is the one-stop shop for data quantity and quality and offers unique filtering, side-by-side comparison, due diligence background, and relationship accountability. The platform has over 100,000 monthly active users and reported a four times growth in the building phase with a CAGR of 165%. Adriel Tam, KJ Kim, and MK Ko founded AdvisorCheck in December 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, sales and marketing, and SG&A.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-920,431 |
$-490,847 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$106,746 |
$382,484 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$108,846 |
$384,584 |
|
Short-Term Debt |
$25,871 |
$4,244 |
|
Long-Term Debt |
$450,000 |
$0 |
|
Total Liabilities |
$475,871 |
$4,244 |
Financials as of: 12/27/2023
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