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TeamUp

The empowering banking solution for student athletes and athletic programs.

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Security Type
Crowd SAFE
Categories
Financial Services
Min Investment
$500
Location
OREM, UT
Offering Date
June 22, 2023
Expected Close Date
August 22, 2023
Target Raise
$25.00K-$1.24M
No. Investors
75
Security Price
$1
Website
teamup.money
Number of Employees
1
Cash
$595,983
Revenue
$0
Short Term Debt
$118,134
Cost of Goods
$0
Long Term Debt
$1,710,000
Net Income
$-555,844

Key Deal Facts

Supports students' credit-building and financial literacy Simplified team finances: credit-building card, mobile app, easy transfers Used by a top 20 University College athletics market wedges into the over 20M college students Founder of 101 Financial (Inc. 500 fastest-growing US companies) First All-Digital Bank for student athletes and athletic departments

Perks

Invest $1,000 Receive Get listed on our website as a founding TeamUp investor. Invest $5,000 Receive First Edition Founders TeamUp Credit Builder Card (Collectable). This card will help you build your credit as you represent TeamUp. 5 investors Invest $10,000 Receive 2 VIP tickets to an Oklahoma City Thunder. Come early to the arena to hangout court side. Sold out (0 left of 5) You can still invest $10,000 without the perk. Invest $30,000 Receive 2 VIP tickets to the NBA's Oklahoma City Thunder game. VIP dinner. Arrive early to watch players workout court side. Hotel for 2 nights. Limited (3 left of 3)

Management Team / Advisory Board Bios

Alan Akina CEO & Founder Chris Ohlsen Product Lead Jeff Stamp CPO Tom McCarthy Advisor Marcus Lobendahn Advisor Brian Johnson Advisor

Amount Raised : $265,400
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Valuation

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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