Beanstox

Seriously Simple Investing

Analytics

Raised to Date: Raised: $655,596

Aggregate Commitments $
Platform

StartEngine

Start Date

07/02/2021

Close Date

12/28/2021

Min. Goal

$10,000

Max. Goal

$3,929,999

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$26,975,103

Rolling Commitments $
Status

Active

Reporting Date

07/29/2021

Days Remaining

152

% of Min. Goal

6,556%

% of Max. Goal

17%

Likelihood of Max
likely
Avg. Daily Raise

$24,281

# of Investors

659

Momentum
cold
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Location

Boston, Massachusetts

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Beanstox, with a pre-money valuation of $27 million, is raising funds on StartEngine. It is an app that makes saving and investing simpler for millions of Americans and helps them build their wealth. The app works on a monthly subscription fee and offers personalized portfolios and automatic recurring investments. Beanstox was founded by Shark Tank investor Kevin O’Leary and Connor O’Brien in 2018. The current crowdfunding campaign of the company has a minimum goal of $10,000 and a maximum goal of $3,929,998.75. The funds will be used to introduce Beanstox mobile banking, improve client service, and accelerate growth. Beanstox is led by an experienced team and has over 22,000 user accounts. The monthly client growth rate went up 100% from September 2020 to June 2021.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$66,837

$32,243

COGS

$0

$0

Tax

$500

$456

 

 

Net Income

$-385,908

$-23

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$537,484

$14,079

Accounts Receivable

$0

$2,275

Total Assets

$591,898

$16,454

Short-Term Debt

$51,160

$21,399

Long-Term Debt

$0

$0

Total Liabilities

$51,160

$21,399

Financials as of: 07/02/2021
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Raise History
Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Beanstox 12/28/2021 StartEngine $26,975,103 $655,596 Equity - Common Active RegCF
Beanstox 10/09/2020 StartEngine $15,000,000 $1,070,000 Equity - Common Funded RegCF
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