Vital Card
Future of Social Credit Cards
Analytics
Raised to Date: $191,515
Aggregate Commitments $
StartEngine
11/20/2020
04/30/2021
$9,999
$1,069,999
$500
Equity - Common
RegCF
Seed
$10,022,952
Weekly Commitments $
Active
11/30/2020
149
1,915%
18%
$19,152
192
New York, NY
Financial & Insurance Products & Services
Fintech
B2C
Low
Low
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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