Xtrades

Xtrades

Early Stage

The Future of Trading

The Future of Trading

Overview

Raised to Date: Raised: $142,842

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/14/2024

Close Date

08/12/2024

Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.10

Pre-Money Valuation

$23,813,583

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/21/2024

Days Remaining

82

% of Min. Goal

952%

% of Max. Goal

12%

Likelihood of Max
likely
Avg. Daily Raise

$20,406

# of Investors

103

Momentum
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Year Founded

2023

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Location

Saint Louis, Missouri

Xtrades, with a valuation of $23.81 million, is raising funds on StartEngine. The company has developed an AI-powered social platform to provide impactful market insights. Xtrades uses AI and machine learning to provide high-quality analytics to traders and creates a gamified and interactive online experience for them. The platform has an annual run rate of $1 million, with consistent year-over-year growth and a 12.3% monthly user growth. Kevin Wan founded Xtrades in January 2023. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for front-end development, back-end development, user experience, search engine optimization, and marketing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,061,332

$1,803,508

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$259,877

$228,463

Summary Balance Sheet

FY 2023 FY 2022

Cash

$158,758

$77,703

Accounts Receivable

$0

$0

Total Assets

$158,758

$77,703

Short-Term Debt

$6,671

$3,932

Long-Term Debt

$0

$0

Total Liabilities

$6,671

$3,932

Financials as of: 05/14/2024
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Xtrades on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $23,813,583
Price per Share: $0.10

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