Fluz App

Neutral
BETA

Earn Cashback Forever

Analytics

Raised to Date: $365,110

Aggregate Commitments $
Platform

StartEngine

Start Date

05/04/2020

Close Date

01/26/2021

Min. Goal

$9,999

Max. Goal

$1,070,000

Min. Investment

$101

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$23,100,000

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

54

% of Min. Goal

3,651%

% of Max. Goal

34%

Likelihood of Max
Avg. Daily Raise

$1,722

# of Investors

907

Momentum
Location

New York, NY

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Business Type

High Growth

Fluz App, with a pre-money valuation of $23.1 million, is raising funds on StartEngine. It is a cashback app that allows users to earn cash backs while they or their friends shop. The rewards can be earned on purchases of food, clothes, movies, and rides. The app supports social and sustainable earning. Fluz App was founded by Maurice Harary in 2018. The current round of crowdfunding of the company has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the proceeds will be used to scale up the business and add more shoppers. Fluz App reached 30,000 users in the first 100 days of its launch and had over $10 million gross merchandise value transacted in just six months.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$5,713,866

$0

COGS

$5,597,755

$0

Tax

$0

$0

 

 

Net Income

$-1,285,500

$-1,120,877

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$258,059

$52,539

Accounts Receivable

$0

$0

Total Assets

$518,626

$127,587

Short-Term Debt

$641,158

$0

Long-Term Debt

$0

$0

Total Liabilities

$641,158

$0

Ratings

last updated 12/03/2020

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