FitBUX
Early Stage
Financial planning powered by human capital analytics + artificial intelligence
Overview
Raised: $98,500
Total Commitments ($USD)
Platform
Republic
Start Date
11/30/2021
Close Date
03/15/2022
Min. Goal
$25,000
Max. Goal
$500,000
Min. Investment
$150
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$947
# of Investors
171
Momentum
Funded
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Year Founded
2015
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$331,564 |
$275,666 |
|
COGS |
$8,229 |
$1,000 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$126,095 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$315,632 |
$128,762 |
|
Accounts Receivable |
$43,307 |
$71,965 |
|
Total Assets |
$376,083 |
$236,123 |
|
Short-Term Debt |
$8,059 |
$10,581 |
|
Long-Term Debt |
$118,283 |
$113,241 |
|
Total Liabilities |
$126,342 |
$123,822 |
Financials as of: 11/30/2021
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