LITT
Growth Stage
Rewards - Deals - Social - Cashback
Overview
Raised: $230,959
Total Commitments ($USD)
Platform
Dealmaker Securities
Start Date
10/19/2023
Close Date
10/17/2024
Min. Goal
$5,175
Max. Goal
$5,000,000
Min. Investment
$1,000
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$0.10
Pre-Money Valuation
$50,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/08/2023
Days Remaining
314
% of Min. Goal
4,463%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$4,619
# of Investors
27
Momentum
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Year Founded
2019
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
LITT is raising funds on Dealmaker Securities. It is a social app that uses commerce to bring people together. LITT can be used for connecting with friends, claiming the latest deals, earning rewards, and receiving cashback. The app allows users to integrate advertising into their daily routine seamlessly and earn reward points for watching advertisements. The app has more than 120,000 downloads and has generated $500,000 in sales in six months with over 15,000 daily active users. Brent Thompson and Cody McDowell founded LITT in June 2019. The current crowdfunding campaign has a minimum target of $5,175 and a maximum target of $5 million. The campaign proceeds will be used for partnership acquisitions, marketing, photo connect license fees, and operating expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 10/19/2023
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