Beanstox
Seriously Simple Investing
Overview
Raised: $2,993,303
Total Commitments ($USD)
Platform
StartEngine
Start Date
07/02/2021
Close Date
04/27/2022
Min. Goal
$10,000
Max. Goal
$3,929,999
Min. Investment
$250
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$1.25
Pre-Money Valuation
$26,975,103
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$10,011
# of Investors
2,832
Momentum
Funded
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Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Beanstox, with a pre-money valuation of $27 million, is raising funds on StartEngine. It is an app that makes saving and investing simpler for millions of Americans and helps them build their wealth. The app works on a monthly subscription fee and offers personalized portfolios and automatic recurring investments. Beanstox was founded by Shark Tank investor Kevin O’Leary and Connor O’Brien in 2018. The current crowdfunding campaign of the company has a minimum goal of $10,000 and a maximum goal of $3,929,998.75. The funds will be used to introduce Beanstox mobile banking, improve client service, and accelerate growth. Beanstox is led by an experienced team and has over 22,000 user accounts. The monthly client growth rate went up 100% from September 2020 to June 2021.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$66,837 |
$32,243 |
|
COGS |
$0 |
$0 |
|
Tax |
$500 |
$456 |
| ||
| ||
|
Net Income |
$-385,908 |
$-23 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$537,484 |
$14,079 |
|
Accounts Receivable |
$0 |
$2,275 |
|
Total Assets |
$591,898 |
$16,454 |
|
Short-Term Debt |
$51,160 |
$21,399 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$51,160 |
$21,399 |
Financials as of: 07/02/2021
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