Stonks Trading
Early Stage
A user-owned Stonks Platform built by, with, and for the people
Overview
Raised: $351,045
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/23/2021
Close Date
06/30/2021
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
Funding Type
RegCF
Valuation Cap
$10,000,000
Discount Rate
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/04/2021
Days Remaining
Funded
% of Min. Goal
702%
% of Max. Goal
35%
Likelihood of Max
Funded
Avg. Daily Raise
$5,162
# of Investors
356
Momentum
Funded
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Location
Windsor Heights, Iowa
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Stonks Trading, with a $10 million valuation cap, is raising funds on Wefunder. The company has developed a platform that simplifies money management and asset allocation. It also empowers the users to bank with Stonks Banking, trade with Stonks Trading, and manage the portfolios with Stonks Manager. Anthony Hughes founded Stonks Trading in February 2021. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $1,000,000. The raise proceeds will be used towards marketing, continued Trading app development, and general operating expenses. Stonks Trading aims to allow users to visualize and manage their entire investment portfolio in one central location.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$1 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 04/23/2021
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