Nav.it
Early Stage
The financial health app helping everyone build a future of wealth + health
Analytics
Raised: $38,575
Aggregate Commitments $
Platform
Republic
Start Date
06/01/2022
Close Date
08/19/2022
Min. Goal
$25,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Funding Type
RegCF
Series
Seed
Valuation Cap
$26,000,000
Discount Rate
0%
Rolling Commitments $
Status
Active
Reporting Date
06/25/2022
Days Remaining
55
% of Min. Goal
154%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$1,607
Momentum
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Location
Seattle, Washington
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
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: 06/01/2022
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