FinLitX

FinLitX

Closed: Apr. 2022

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.

Expand

Investment Overview

Invested this round: $41,255

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
03/05/2021
Close Date
04/29/2022
Min. Goal
$10,000
Max Goal
$249,995
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$10,000,000

Company & Team

Company

Year Founded
2014
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Miami Beach, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
D. Alexis Samuels
Title
President

Financials

 Revenue -38.4% YoY
$519,070
 Monthly Burn
$137,896
 Runway
1.1 months
Gross Margin
14%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$519,070

$844,014

COGS

$445,339

$768,102

Tax

$0

$0

 

 

Net Income

$-1,654,752

$47,075

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$148,677

$102,214

Accounts Receivable

$695,896

$772,457

Total Assets

$1,354,332

$1,384,430

Short-Term Debt

$0

$0

Long-Term Debt

$1,225,000

$1,296,022

Total Liabilities

$1,225,000

$1,296,022

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.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

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
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
FinLitX on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $5.00

Follow company

Follow FinLitX on NetCapital

Buy FinLitX's Deal Report

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

FinLitX Deal Report

Get Kingscrowd's comprehensive report on FinLitX including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether FinLitX is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the FinLitX deal report for only $10!

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