PuraVida
Early Stage
This AI-powered Credit Card helps you live large
Overview
Raised: $63,043
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/13/2024
Close Date
07/24/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$18,000,000
Valuation Cap
$20,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/06/2024
Days Remaining
78
% of Min. Goal
126%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$1,167
# of Investors
54
Momentum
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Year Founded
2022
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
PuraVida, with a valuation of $20 million, is raising funds on Wefunder. The company has developed an AI-powered credit card that provides financial tools and lifestyle rewards that resonate with users’ passions. PuraVida uses AI to understand what really matters to people and provides financial freedom to enable them to live their best life. The app has over 150,000 installs with a 20% week-over-week growth and has a user target of more than one million in five years. Danny Abla, Philip Pulitano, and Khalil Shadid founded PuraVida in October 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 the production of events, marketing and customer acquisition costs, platform and app development, and operational expenses.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-42,412 |
$0 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$38,011 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$38,011 |
$0 |
|
Short-Term Debt |
$8,359 |
$0 |
|
Long-Term Debt |
$58,983 |
$0 |
|
Total Liabilities |
$67,342 |
$0 |
Financials as of: 03/13/2024
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