ChoiceTrade

ChoiceTrade

Early Stage

Micro-Investing for Global Traders

Micro-Investing for Global Traders

Overview

Raised to Date: Raised: $66,417

Total Commitments ($USD)

Platform

WunderFund

Start Date

11/14/2019

Close Date

05/14/2020

Min. Goal
$25,000
Max. Goal
$535,500
Min. Investment

$102

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.70

Pre-Money Valuation

$31,535,500

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/30/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$367

# of Investors

68

Momentum
Funded
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Year Founded

2014

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

San Juan, Puerto Rico

Business Type

High Growth

ChoiceTrade, with a pre-money valuation of $31 million, is raising funds on WunderFund. The company offers a micro-investing platform for global traders. The ChoiceTrade app is registered with the US SEC since 2000 and allows traders to start trading with as little as $10. ChoiceTrade is a global company with clients from over 100 countries. The company was founded by Neville Golvala and Ron Buckner. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $535,000, will be used for business development, technology development, and working capital. ChoiceTrade has generated $20 million in lifetime revenues and has earned Barron’s 4-star rating six times.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$940,728

$920,129

COGS

$324,400

$507,582

Tax

$7,554

$5,057

 

 

Net Income

$-24,873

$-143,660

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$256,947

$37,469

Accounts Receivable

$9,808

$25,545

Total Assets

$728,254

$590,811

Short-Term Debt

$103,478

$138,569

Long-Term Debt

$0

$0

Total Liabilities

$103,478

$138,569

Financials as of: 11/14/2019
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
ChoiceTrade 05/13/2020 WunderFund $31,535,500 $66,417 Equity - Common Funded RegCF
ChoiceTrade 07/27/2019 Wefunder $35,700,000 $0 Equity - Common Not Funded RegCF
ChoiceTrade 07/30/2018 Netcapital $27,913,106 $341,417 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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ChoiceTrade on WunderFund
Platform: WunderFund
Security Type: Equity - Common
Valuation: $31,535,500
Price per Share: $1.70

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ChoiceTrade Deal Report

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