FitBUX

FitBUX

Closed: Mar. 2022

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.

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Investment Overview

Invested this round: $98,500

Deal Terms

Total Commitments

Platform
Republic
Start Date
12/01/2021
Close Date
03/15/2022
Min. Goal
$25,000
Max Goal
$500,000
Min. Investment

$150

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Company & Team

Company

Year Founded
2015
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
PFLUGERVILLE, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Joseph Reinke
Title
CEO

Financials

 Revenue +20% YoY
$331,564
 Monthly Burn
Profitable
 Cash on Hand
$315,632
 Gross Margin
98%

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

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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
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Add to portfolio
FitBUX on Republic 2021
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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

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