Members Mobile

Members Mobile

Early Stage

The new Mobile & Financial Experience for Credit Union Members

The new Mobile & Financial Experience for Credit Union Members

Overview

Raised to Date: Raised: $50,850

Total Commitments ($USD)

Platform

Netcapital

Start Date

03/10/2024

Close Date

06/07/2024

Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$12.50

Pre-Money Valuation

$17,937,500

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

53

% of Min. Goal

509%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,413

Momentum
cool.svg
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Year Founded

2022

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

Low

Location

Dayville, Connecticut

Business Type

Growth

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
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Members Mobile on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $17,937,500
Price per Share: $12.50

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