FitBUX
About this raise
FitBUX, with a valuation of $10 million, is raising funds on Republic. The company has developed an AI-powered financial planning solution for young professionals. The technology is built on human capital and behavior analytics and customizes financial planning by integrating both tangible and intangible assets. FitBUX already has over 10,000 members, and the beta version has $1.6 billion of assets and debts on the platform. Joseph Reinke founded FitBUX in January 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $500,000. The campaign proceeds will be used to build up and further automate the platform and increase the marketing spend.
Investment Overview
Invested : $98,500
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 12/01/2021
- Close Date
- 03/15/2022
$25,000
$500,000
$150
SAFE
Early Stage
RegCF
$10,000,000
0%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +20% YoY
- $331,564
- Monthly Burn
- Profitable
-
Cash on Hand
- $315,632
- Gross Margin
- 98%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/15/2022 | Republic | $10,000,000 | $98,500 | SAFE | Funded | RegCF |