Nav.it

Nav.it

Early Stage

The financial health app helping everyone build a future of wealth + health

The financial health app helping everyone build a future of wealth + health

Overview

Raised this Round: Raised: $60,200

Total Commitments ($USD)

Platform

Republic

Start Date

05/31/2022

Close Date

08/19/2022

Min. Goal
$25,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$26,000,000

Discount

20%

Year Founded

2021

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Seattle, Washington

Business Type

High Growth

Nav.it, with a valuation of $26 million, is raising funds on Republic. It is a financial health app that uses proprietary AI to provide automated coaching. The system identifies money habits, personalities, and potential risks and helps people build a future of wealth and health. Nav.it is targeting young earners and Zillennials and has been featured in Forbes, Bloomberg, Medium, and USA Today. Erin Papworth and Maia Monell founded Nav.it in January 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,000,000. The campaign proceeds will be used for growth and product development.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,329

$58

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-867,727

$-912,326

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$266,860

$75,289

Accounts Receivable

$250

$0

Total Assets

$270,060

$69,032

Short-Term Debt

$56,489

$55,178

Long-Term Debt

$50,000

$0

Total Liabilities

$106,489

$55,178

Financials as of: 05/31/2022
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Nav.it on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $26,000,000

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