Trust Exchange

Trust Exchange

Growth Stage

Collaborative Intelligence

Collaborative Intelligence

Overview

Raised to Date: Raised: $18,200

Total Commitments ($USD)

Platform

Republic

Start Date

02/25/2024

Close Date

04/25/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

15%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

10

% of Min. Goal

36%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$364

# of Investors

17

Momentum
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Year Founded

2011

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Media, Pennsylvania

Business Type

High Growth

Trust Exchange, with a valuation of $20 million, is raising funds on Republic. The company has developed a platform that uses network effect mechanics to enable direct collaboration between people, organizations, and things. Trust Exchange allows users to create their custom collaboration networks, connect with collaborators, and activate their network with more flexibility, speed, and cost-efficiency. The platform has a growing community of over 40,000 users and is expanding its network to over 50 banks, specialists, and 700 vendors. Edward Sullivan founded Trust Exchange in January 2011. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, sales and marketing, infrastructure, and general working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$28,867

$256

COGS

$181,016

$128,338

Tax

$0

$0

 

 

Net Income

$-1,577,459

$-984,008

Summary Balance Sheet

FY 2022 FY 2021

Cash

$5,109

$260,939

Accounts Receivable

$2,000

$0

Total Assets

$119,669

$282,503

Short-Term Debt

$460,882

$121,257

Long-Term Debt

$725,000

$2,548,500

Total Liabilities

$1,185,882

$2,669,757

Financials as of: 02/25/2024
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Trust Exchange on Republic 2024
Platform: Republic
Security Type: SAFE
Valuation: $20,000,000

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