RIGHTSURE
Growth Stage
AI Enhanced Platform to end all insurance shopping.
Overview
Raised: $72,890
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/03/2021
Close Date
03/29/2022
Min. Goal
$9,999
Max. Goal
$1,069,999
Min. Investment
$499
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.80
Pre-Money Valuation
$18,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$414
# of Investors
46
Momentum
Funded
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Year Founded
1990
Industry
Financial & Insurance Products & Services
Tech Sector
Insurtech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
RIGHTSURE, with a valuation of $18 million, is raising funds on StartEngine. The insurance technology company helps people find the best insurance policy for themselves. The company combines the use of artificial intelligence with chatbots, mobile apps, multi-variate rating, and discount discovery technology to help people save money. RIGHTSURE has over 30,000 active policyholders and crossed $4 million in revenue on $40 million in premium. Ronald Jeffery Arnold founded RIGHTSURE in 1990. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1,069,999.20. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$4,120,695 |
$3,982,375 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$947,427 |
$453,905 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$717,840 |
$211,706 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,402,606 |
$3,138,550 |
|
Short-Term Debt |
$435,704 |
$632,099 |
|
Long-Term Debt |
$860,748 |
$1,092,506 |
|
Total Liabilities |
$1,296,452 |
$1,724,605 |
Financials as of: 10/03/2021
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