Staax

Staax

Early Stage

Enabling peer-to-peer payments via fractional shares of stock

Enabling peer-to-peer payments via fractional shares of stock

Overview

Raised this Round: Raised: $97,100

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/26/2023

Close Date

04/10/2023

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$25,000,000

Discount

0%

Year Founded

2021

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Folsom, California

Business Type

Growth

Staax, with a valuation of $25 million, is raising funds on Wefunder. The company has developed a platform to make investing social through fractional shares of stock. The platform enables peer-to-peer payments along with allowing users to transact through investments in a social way. Staax has a strong social media presence and has a waitlist of over 12,000 people since its opening. Nikki Varanasi, Lucy Yang, and Victoria Yang founded Staax in July 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for product development, hiring, and growth marketing.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$13

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-28,250

$0

Summary Balance Sheet

FY 2021 FY 2020

Cash

$250,000

$0

Accounts Receivable

$0

$0

Total Assets

$1,254,750

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 02/26/2023
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Staax on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $25,000,000

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