Members Mobile
Early Stage
The new Mobile & Financial Experience for Credit Union Members
Overview
Raised: $51,100
Total Commitments ($USD)
Platform
Netcapital
Start Date
03/10/2024
Close Date
06/08/2024
Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$12.50
Pre-Money Valuation
$17,937,500
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/06/2024
Days Remaining
32
% of Min. Goal
511%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$896
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2022
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
Members Mobile, with a valuation of $17.9 million, is raising funds on NetCapital. It is a Mobile Virtual Network Operator (MVNO) offering 4G/5G services to US credit union members. Members Mobile aims to promote financial wellness through loyalty rewards and exceptional value. The business is led by an experienced team and has signed letters of intent with five credit unions representing 500,000 members for the launch of Members Mobile. Gary Brandt, Luis Jimenez-Tunon, and Peter Nussbaumer founded Members Mobile in September 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for compensation for managers, marketing, technical development costs, legal costs, and network, platform, and licensing.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-273,668 |
$-21,106 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$610,374 |
$551 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$612,657 |
$551 |
|
Short-Term Debt |
$124,946 |
$21,547 |
|
Long-Term Debt |
$100,000 |
$0 |
|
Total Liabilities |
$224,946 |
$21,547 |
Financials as of: 03/10/2024
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 
