LIT Xchange
Growth Stage
The world's first fintech company developing stock & crypto brokerage for retail investors, by retail investors
Overview
Raised: $382,500
Total Commitments ($USD)
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
Price Per Share
$500.00
Pre-Money Valuation
$497,000,000
Year Founded
2023
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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.
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 |
Financials as of: 08/12/2024
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| LIT Xchange | 08/09/2025 | Silicon Prairie Online | $497,000,000 | $382,500 | Equity - Common | Active | RegCF |
No prior online funding rounds.
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