Fluz App
About this raise
Fluz App, with a pre-money valuation of $23.1 million, is raising funds on StartEngine. It is a cashback app that allows users to earn cash backs while they or their friends shop. The rewards can be earned on purchases of food, clothes, movies, and rides. The app supports social and sustainable earning. Fluz App was founded by Maurice Harary in 2018. The current round of crowdfunding of the company has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the proceeds will be used to scale up the business and add more shoppers. Fluz App reached 30,000 users in the first 100 days of its launch and had over $10 million gross merchandise value transacted in just six months.
Investment Overview
Invested $533,332 :
Deal Terms
Company & Team
Company
- Year Founded
- 2018
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $5,713,866
- Monthly Burn
- $107,125
-
Runway
- 2.4 months
- Gross Margin
- 2%
Upgrade to gain access
-
$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
Edge
Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/30/2021 | StartEngine | $23,100,000 | $533,332 | Equity - Common | Funded | RegCF |
Founder Profile
Founder Profile: Maurice Harary of the Fluz App
Cashback apps and rewards are common ways for consumers to earn a little supplementary income. But many have a narrow scope, meaning that their users are limited in both how much money they can earn back and how they can earn that money.The Fluz App wants to change that. Fluz adds a new dynamic to the cashback system: networking. Users generate rewards on both their own purchases and also the purchases of their friends who use the app.
We recently sat down with co-founder Maurice Harary to talk about how the Fluz App works, how they differentiate from competition, and where the company is headed...