TrustFund

Neutral
BETA

TrustFund is a fintech platform helping people achieve financial wellness and avoid payday/title predatory loans. We’ve experienced strong user growth and are now looking to build out the team and continue developing unique credit products.

Analytics

Raised to Date: $2,828

Aggregate Commitments $
Platform

Netcapital

Start Date

03/26/2020

Close Date

12/18/2020

Min. Goal

$10,000

Max. Goal

$107,000

Min. Investment

$99

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$2,500,000

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

14

% of Min. Goal

28%

% of Max. Goal

3%

Likelihood of Max
Avg. Daily Raise

$11

Momentum
Location
Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

TrustFund, with a post-money valuation of $2.6 million, is raising funds on NetCapital. The company is doing business as Impact X Partners, LLC, and works as a fintech platform to help people achieve financial wellness. TrustFund offers its customers a debit card, which also works like a credit card in case of emergencies. The use of TrustFund platform also generates a TrustFund score that can be used as an alternative to the FICO score. TrustFund was founded by Nathan Pinto and Frank Santoni in 2019. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $107,000, will be used towards branding, new product development, customer service platform integration, and the CTO salary. TrustFund helps individuals manage their finances and also assists those overlooked by mainstream banking products.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-44,231

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$7,740

$0

Accounts Receivable

$0

$0

Total Assets

$270,008

$0

Short-Term Debt

$9,302

$0

Long-Term Debt

$104,937

$0

Total Liabilities

$114,239

$0

Ratings

last updated 12/03/2020

Ratings Platform - Beta Trial

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

Kiwibot on Wefunder

Kiwibot has been selected as a “Top Deal” by KingsCrowd. This distinction is reserved for deals selected into…

Crowd
Neighborhood Sun on Wefunder

The Neighborhood Sun team has been selected as a “Top Deal” by KingsCrowd. This distinction is reserved for…

Crowd
goDeskless on MicroVentures

The goDeskless team has been selected as a “Top Deal” by KingsCrowd. This distinction is reserved for deals…

Crowd
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add TrustFund on Netcapital
Follow company
Follow TrustFund on Netcapital