People Finance (previously Stonks Trading) (2023)
About this raise
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.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 02/06/2023
- Close Date
- 04/10/2023
$50,000
$500,000
$100
SAFE
Early Stage
RegCF
$22,500,000
$25,000,000
0%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$12,741
as of FY2021
- Monthly Burn
-
$29,373
as of FY2021
-
Runway
-
3 months
as of FY2021
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-
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $737,556
- VC Backed?
- No
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| People Finance (previously Stonks Trading) | 04/10/2023 | Wefunder | $25,000,000 | $0 | SAFE | Not Funded | RegCF |
| Stonks Trading | 06/30/2021 | Wefunder | $10,000,000 | $351,045 | Convertible Note | Funded | RegCF |