Beanstox

Neutral
BETA

Seriously Simple Investing

Analytics

Raised to Date: $1,070,000

Aggregate Commitments $
Platform

StartEngine

Start Date

07/13/2020

Close Date

10/09/2020

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$150

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$15,000,000

Weekly Commitments $
Status
Funded
Reporting Date

10/11/2020

Days Remaining
Funded
% of Min. Goal

10,700%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$12,159

# of Investors

2,810

Momentum
Funded
Location

Boston, MA

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Beanstox, with a pre-money valuation of $15 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 $9,999.75 and a maximum goal of $1,069,999.50. The funds will be used for growth and expansion. Beanstox is led by an experienced team and has already generated over 3,000 downloads since the soft launch of its beta version.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$32,243

$25,988

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-23

$-5,022

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$14,079

$5,135

Accounts Receivable

$2,275

$10,813

Total Assets

$16,454

$16,048

Short-Term Debt

$21,399

$20,970

Long-Term Debt

$0

$0

Total Liabilities

$21,399

$20,970

Ratings

last updated 10/08/2020

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