NettyWorth
Early Stage
Manage & Borrow Against Digital and Physical Assets
Overview
$75,730 - RegCF
$115,730 - Total
$115,730 - Total
Total Commitments ($USD)
Platform
Republic
Start Date
08/03/2023
Close Date
01/02/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$200
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(b)
Valuation Cap
$15,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$502
# of Investors
102
Momentum
Funded
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Year Founded
2022
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
NettyWorth, with a valuation of $15 million, is raising funds on Republic. The company has developed a web3 fintech platform enabling users to better manage their digital assets. NettyWorth aggregates data and tools, calculates users’ total value, and provides related financial data. The platform also uses AI to connect borrowers and lenders and allows users to access liquidity through their loan marketplace. July Grullon and Alcides Aguasvivas founded NettyWorth in August 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product development, salaries, marketing, and operations.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$12,500 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$-1,791 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$2,000 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$76,584 |
|
Short-Term Debt |
$0 |
$8,676 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$8,676 |
Financials as of: 08/03/2023
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