Vital Card

Neutral
BETA

Future of Social Credit Cards

Analytics

Raised to Date: $191,515

Aggregate Commitments $
Platform

StartEngine

Start Date

11/20/2020

Close Date

04/30/2021

Min. Goal

$9,999

Max. Goal

$1,069,999

Min. Investment

$500

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$10,022,952

Weekly Commitments $
Status

Active

Reporting Date

11/30/2020

Days Remaining

149

% of Min. Goal

1,915%

% of Max. Goal

18%

Likelihood of Max
Avg. Daily Raise

$19,152

# of Investors

192

Momentum
Location

New York, NY

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Vital Card, with a pre-money valuation of $10 million, is raising funds on StartEngine. It is the world’s first social credit card that pays users for spending and sharing responsibly. The card leverages social gamification and the gig economy and provides up to 5% cashback on all spendings. Chris Bridges, Adam Spencer, and Vincent Bradley founded Vital Card in 2017. The current crowdfunding campaign has a minimum target of $9,999.24 and a maximum target of $1,069,999.02, and the funds will be used to speed up product development and reach the target market. The pre-launch campaign of Vital Card went viral. The company has 150,000 new waitlist members and a partnership with Evolve Bank and Trust.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-668,129

$-1,257,471

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$44,782

$174,822

Accounts Receivable

$0

$0

Total Assets

$210,939

$285,319

Short-Term Debt

$56,921

$13,173

Long-Term Debt

$2,594,980

$0

Total Liabilities

$2,651,901

$2,058,153

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