Quants Compete
Early Stage
Highly scalable robo advisor
Overview
Raised: $115,930
Total Commitments ($USD)
Platform
Netcapital
Start Date
11/04/2021
Close Date
10/31/2022
Min. Goal
$10,000
Max. Goal
$700,000
Min. Investment
$99
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.40
Pre-Money Valuation
$7,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/05/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$322
Momentum
Funded
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Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Quants Compete, with a valuation of $7 million, is raising funds on NetCapital. The company has developed a highly scalable robo-advisory platform. The platform aims to help invest client funds in the stock market and manage their portfolios using automatic trading models. It offers sophisticated trading strategies and automatic portfolio rebalancing. Quants Compete’s MVP is in alpha testing, and the backend code is being stress tested. Matthew Jones founded Quants Compete in March 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $700,000. The campaign proceeds will be used for marketing, website development, recruitment, advertising, backend development, and overhead costs.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-10,296 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,000 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,000 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 11/04/2021
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