ChoiceTrade

About this raise

ChoiceTrade, with a pre-money valuation of $31 million, is raising funds on WunderFund. The company offers a micro-investing platform for global traders. The ChoiceTrade app is registered with the US SEC since 2000 and allows traders to start trading with as little as $10. ChoiceTrade is a global company with clients from over 100 countries. The company was founded by Neville Golvala and Ron Buckner. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $535,000, will be used for business development, technology development, and working capital. ChoiceTrade has generated $20 million in lifetime revenues and has earned Barron’s 4-star rating six times.

Expand

Investment Overview

Invested this round: $66,417

Deal Terms

Total Commitments

Platform
WunderFund
Start Date
11/15/2019
Close Date
05/14/2020
Min. Goal
$25,000
Max Goal
$535,500
Min. Investment

$102

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.70

Pre-Money Valuation

$31,535,500

Company & Team

Company

Year Founded
2014
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
San Juan, Puerto Rico
Business Type
High Growth
Company Website
Visit Website

Team

Employees
8
Founder Name
Neville Golvala
Title
CEO
Founder Name
Ron Buckner
Title
Executive Vice President, CFO, and COO

Financials

 Revenue
$927,143
 Monthly Burn
$2,073
 Runway
24+ months
Gross Margin
66%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$940,728

$920,129

COGS

$324,400

$507,582

Tax

$7,554

$5,057

 

 

Net Income

$-24,873

$-143,660

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$256,947

$37,469

Accounts Receivable

$9,808

$25,545

Total Assets

$728,254

$590,811

Short-Term Debt

$103,478

$138,569

Long-Term Debt

$0

$0

Total Liabilities

$103,478

$138,569

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Analyst Report Analyst Report Methodology Article

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/14/2020 WunderFund $31,535,500 $66,417 Equity - Common Funded RegCF
07/28/2019 Wefunder $35,700,000 $0 Equity - Common Not Funded RegCF
07/31/2018 Netcapital $27,913,106 $341,417 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
ChoiceTrade on WunderFund
Platform: WunderFund
Security Type: Equity - Common
Valuation: $31,535,500
Price per Share: $1.70

Follow company

Follow ChoiceTrade on WunderFund

Buy ChoiceTrade's Deal Report

Warning: according to the close date for this deal, ChoiceTrade may no longer be accepting investments.

ChoiceTrade Deal Report

Get Kingscrowd's comprehensive report on ChoiceTrade including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether ChoiceTrade is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise
  • Our deep-dive analyst report reviewing the deal's investment potential and bullish vs. bearish outlook

Buy the ChoiceTrade deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge