Lexria
Early Stage
We help consumers eliminate their student loans in bankruptcy
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/23/2021
Close Date
04/04/2021
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$9,000,000
Valuation Cap
$12,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/03/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2019
Industry
Financial & Insurance Products & Services
Tech Sector
Legaltech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Lexria, with a valuation cap of $12 million, is raising funds on Wefunder. The company aims to solve the student debt crisis through bankruptcy. The company combines automation and technology to reduce costs, expand the available market, and create more effective arguments. Rob Hunter founded Lexria in July 2019. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $1,070,000, and the funds will be used for marketing, paying lawyers to start student debt adversary proceedings and SG&A expenses. Lexria is targeting the consumers owing over $500 billion in student loan debt and is helping real people fight the crushing debt.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-853,768 |
$-161,412 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$369,835 |
$1,228,797 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$369,835 |
$1,228,797 |
|
Short-Term Debt |
$0 |
$5,194 |
|
Long-Term Debt |
$1,385,000 |
$1,385,000 |
|
Total Liabilities |
$1,385,000 |
$1,390,194 |
Financials as of: 03/23/2021
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /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
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.