Staax

Early Stage
Enabling peer-to-peer payments via fractional shares of stock
Overview
Raised: $119,075
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
38
% of Min. Goal
238%
% of Max. Goal
96%
Likelihood of Max
Avg. Daily Raise
$4,961
# of Investors
48
Momentum
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Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$13 |
$0 |
COGS |
$0 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-28,250 |
$0 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
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: 02/27/2023
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