Rixon Technology

Rixon Technology

Computer Services

Computer Services

Overview

Raised to Date: Raised: $112,530

Total Commitments ($USD)

Platform

SMBX

Start Date

03/01/2022

Close Date

05/02/2022

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,845

Momentum
Funded
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Year Founded

2014

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Capital Intensity

Low

Location

Chandler, Arizona

Business Type

Growth

Rixon Technology is raising funds on SMBX. The company empowers businesses with a proactive and customizable approach to data security. The solutions offered by Rixon Technology help businesses overcome the complexities of regulatory requirements and cyber attacks. The patented, cloud-native, and vaultless tokenization technology of Rixon transforms sensitive information into unusable characters and eliminates data breaches. David Johnson and Justin Hatcher founded Rixon Technology in February 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for digital marketing, brand awareness, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$176,609

$56,467

COGS

$12,872

$22,246

Tax

$2,013

$923

 

 

Net Income

$71,703

$11,841

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$83,165

$24,162

Accounts Receivable

$7,250

$9,116

Total Assets

$108,526

$33,278

Short-Term Debt

$1,191

$42

Long-Term Debt

$26,839

$26,842

Total Liabilities

$28,030

$26,884

Financials as of: 03/01/2022
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Rixon Technology on SMBX 2022
Platform: SMBX
Security Type: Debt

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Warning: according to the close date for this deal, Rixon Technology may no longer be accepting investments.

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