Normal Finance
Early Stage
Neobanking for crypto investors with free and instant fiat to crypto trading
Overview
Raised: $83,255
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/12/2022
Close Date
08/08/2022
Min. Goal
$50,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$2,500,000
Valuation Cap
$3,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,084
# of Investors
50
Momentum
Funded
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Year Founded
2022
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Normal Finance, with a valuation of $3 million, is raising funds on Wefunder. The company has developed a platform for crypto investors to provide free and instant fiat to crypto trading. The neobanking service helps in buying and selling crypto and allows conversion between fiat and crypto with instant settlement. Normal Finance has been accepted into Antler Startup Accelerator and has a waitlist of over 120 users ready to get started. Joshua Blew founded Normal Finance in January 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $107,000. The campaign proceeds will be used for a startup benefits program, savings and monthly burn, a debit card program, and legal memos.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 07/12/2022
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