Jassby

Mobile Money App and virtual debit card for kids and teens

Analytics

Raised to Date: $654,174

Aggregate Commitments $
Platform

SeedInvest

Start Date

10/30/2020

Close Date

01/08/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Funding Type

RegCF / RegD 506(C)

Series

Seed

Pre-Money Valuation

$25,846,022

Rolling Commitments $
Status
Funded
Reporting Date

01/31/2021

Days Remaining
Funded
% of Min. Goal

2,617%

% of Max. Goal

61%

Likelihood of Max
Funded
Avg. Daily Raise

$9,345

# of Investors

663

Momentum
Funded
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Location

Waltham, Massachusetts

Industry

Consumer Products, Goods & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

Jassby, with a pre-money valuation of $25.8 million, is raising funds on SeedInvest. It is a mobile money app for families that allows parents to share money with their children while also giving them hands-on experience about financial literacy. The app enables parents to set chores and allowance and a financial wellness plan for the kids. Benjamin Nachman founded Jassby in 2017 and has raised over $5 million in previous rounds of financing. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,070,000, and the proceeds will be used for R&D and marketing. Jassby has over 400,000 installs and 150,000 completed registrations.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$95,066

$450

COGS

$234,322

$8,640

Tax

$0

$0

 

 

Net Income

$-3,216,947

$-1,851,282

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$463,272

$1,159,627

Accounts Receivable

$380

$0

Total Assets

$844,535

$1,352,929

Short-Term Debt

$228,086

$92,956

Long-Term Debt

$2,500,000

$0

Total Liabilities

$2,728,086

$92,956

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