People Finance (previously Stonks Trading)
The future of neo-banking starts with People!
Overview
Raised: $30,470
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
34
% of Min. Goal
61%
% of Max. Goal
6%
Likelihood of Max
Avg. Daily Raise
$622
Momentum
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Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
People Finance, with a valuation of $25 million, is raising funds on Wefunder. The company has developed a platform that simplifies money management and asset allocation. It also empowers the users to bank with Stonks Banking, trade with Stonks Trading, and manage their portfolios with Stonks Manager. People Finance has over 1,000 limited beta users and a waitlist of more than 12,000 for banking services. Anthony Hughes founded People Finance in February 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for marketing, development of banking features, app, and trading platform, engineering, and emergency burn.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$12,741 |
$0 |
COGS |
$31,466 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-352,471 |
$0 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$89,573 |
$0 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$92,284 |
$0 |
Short-Term Debt |
$7,802 |
$0 |
Long-Term Debt |
$253,664 |
$0 |
Total Liabilities |
$261,466 |
$0 |
Financials as of: 02/06/2023
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