Weltio
Early Stage
First LatAm W3 WealthTech for AutoInvesting in securities & crypto
Overview
Raised: $15,325
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/21/2023
Close Date
07/31/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
0%
Year Founded
2022
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
Weltio, with a valuation of $15 million, is raising funds on Wefunder. The company has developed a wealth management platform specifically for Latin America. The platform enables users to auto-invest in global assets, including ETFs, stocks, and cryptocurrencies. Weltio has $85,000 in assets under management from over 850 users and growing at 10-20% per week. David Abusaid founded Weltio in January 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, development, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$3,427 |
$0 |
|
COGS |
$18,735 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-987,190 |
$-55,307 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$111,854 |
$307,649 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$133,606 |
$322,763 |
|
Short-Term Debt |
$17,614 |
$65,055 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$17,614 |
$65,055 |
Financials as of: 06/21/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Weltio | 07/31/2023 | Wefunder | $15,000,000 | $15,325 | SAFE | Funded | RegCF |
No prior online funding rounds.
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