Lexria

Lexria

Early Stage

We help consumers eliminate their student loans in bankruptcy

We help consumers eliminate their student loans in bankruptcy

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/23/2021

Close Date

04/03/2021

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

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
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Year Founded

2019

Industry

Financial & Insurance Products & Services

Tech Sector

Legaltech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Honeyoye, New York

Business Type

Growth

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
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Lexria on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000

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