LIT Xchange

LIT Xchange

Open  for investment

About this raise

LIT Xchange, with a valuation of $497 million, is raising funds on Silicon Prairie Online. The company is developing stock and crypto brokerage for retail investors, by retail investors. LIT Xchange is reinventing stock brokerage and is set to disrupt the status quo in the industry with its AI-based platform. The platform has an organic social media reach of over 12 million views per month and has thousands of users already enrolled on its waitlist. Marcel Kalinovic founded LIT Xchange in August 2023. The current crowdfunding campaign has a minimum target of $500,000 and a maximum target of $5 million. The campaign proceeds will be used for development and operations, brokerage expenses, events, marketing and advertising, and legal fees.

Expand

Investment Overview

Committed this round: $605,000

Deal Terms

Total Commitments

Platform
Silicon Prairie Online
Start Date
08/12/2024
Close Date
08/09/2025
Min. Goal
$500,000
Max Goal
$5,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$500.00

Pre-Money Valuation

$497,000,000

Company & Team

Company

Year Founded
2023
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Austin, Texas
Business Type
High Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Marcel Kalinovic
Title
CEO
Founder Name
Mehul Patel
Title
COO

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$157
 Runway
8.9 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,881

$-1,881

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,392

$3,253

Accounts Receivable

$0

$0

Total Assets

$18,892

$20,753

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$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
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/09/2025 Silicon Prairie Online $497,000,000 $605,000 Equity - Common Active RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
LIT Xchange on Silicon Prairie Online 2024
Platform: Silicon Prairie Online
Security Type: Equity - Common
Valuation: $497,000,000
Price per Share: $500.00

Follow company

Follow LIT Xchange on Silicon Prairie Online 2024

Buy LIT Xchange's Deal Report

LIT Xchange Deal Report

Get Kingscrowd's comprehensive report on LIT Xchange including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether LIT Xchange is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the LIT Xchange deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge