FinTron

FinTron

Early Stage

Digital brokerage / banking provider

Digital brokerage / banking provider

Overview

Raised to Date: Raised: $81,584

Total Commitments ($USD)

Platform

Netcapital

Start Date

05/27/2020

Close Date

12/04/2020

Min. Goal
$10,000
Max. Goal
$249,999
Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.10

Pre-Money Valuation

$4,652,615

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2020

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

$429

Momentum
Funded
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Year Founded

2017

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Westport, Connecticut

Business Type

High Growth

FinTron, with a post-money valuation of $4.9 million, is raising crowdfunding on NetCapital. It is a digital platform that provides the latest investment tools, digital brokerage, and banking services to the new investors. The offerings of FinTron include unlimited trading in over 600 fractional securities, interest-bearing accounts, recurring investments with three levels of risks, a master budgeting tool, mock trading, and meal calculating tools. FinTron was founded by Wilder Rumpf, Matthew Fatse, and Adam Pulcyn in 2017 and has raised over $430,000 since its founding. The proceeds of the current crowdfunding campaign, with a minimum raise of $10,000 and a maximum raise of $249,999, will be used for user acquisition, technology, fixed operating costs, and compensation for managers. FinTron also offers educational services with its simulated trading game, lesson plans, and competitive game-play.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-175,406

$-48,152

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$75,105

$1,511

Accounts Receivable

$0

$0

Total Assets

$106,592

$23,998

Short-Term Debt

$9,000

$0

Long-Term Debt

$30,000

$0

Total Liabilities

$39,000

$0

Financials as of: 05/27/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
FinTron 01/02/2022 Netcapital $10,012,578 $35,958 Equity - Common Funded RegCF
FinTron 12/03/2020 Netcapital $4,652,615 $81,584 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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FinTron on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $4,652,615
Price per Share: $1.10

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