Jassby
Mobile Money App and virtual debit card for kids and teens
Analytics
Raised to Date: $654,672
Aggregate Commitments $
SeedInvest
10/30/2020
01/08/2021
$25,000
$1,070,000
$1,000
Equity - Preferred
RegCF / RegD 506(C)
Seed
$25,846,022
Weekly Commitments $
01/20/2021
2,619%
61%
$9,352
664
Waltham, Massachusetts
Consumer Products, Goods & Services
Fintech
B2B/B2C
Medium
Low
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 |
Ratings
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Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.
For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.Other Deals
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