FinLitX
About this raise
FinLitX, with a post-money valuation of $10.2 million, is raising funds on NetCapital. The company has developed an autonomous app to provide financial literacy using advanced AI. The app identifies the vulnerabilities of users and applies machine learning, virtual reality, and other means to improve grades and self-esteem. Dwayne Samuels founded FinLitX in 2014. The current crowdfunding campaign of the company has a minimum target of $10,000 and a maximum target of $249,995. The proceeds of the raise will target product development, marketing and sales, debt repayment, salaries, and managers’ compensation. FinLitX is endorsed by NBA analyst Kenny Smith and has expanded its service to 11 states and three countries.
Investment Overview
Invested $41,255 :
Deal Terms
Company & Team
Company
- Year Founded
- 2014
- Industry
- Education, Training, & Coaching
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -38.4% YoY
- $519,070
- Monthly Burn
- $137,896
-
Runway
- 1.1 months
- Gross Margin
- 14%
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Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/29/2022 | Netcapital | $10,000,000 | $41,255 | Equity - Common | Funded | RegCF |