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Nettyworth

Web3 Fintech | Manage & Borrow Against Digital and Physical Assets

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Security Type
Crowd SAFE
Categories
Financial Services
Min Investment
$200
Location
RUTHERFORD, NJ
Offering Date
August 03, 2023
Expected Close Date
January 02, 2024
Target Raise
$50.00K-$1.24M
No. Investors
103
Security Price
$1
Website
nettyworth.io
Number of Employees
0
Cash
$0
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$0

Company Description

Nettyworth is a Web3 fintech platform in development that allows users to manage and borrow against their digital assets.

Nettyworth’s go-to-market strategy is to provide users with a zero-cost solution to access data and manage their digital assets. By supplying users with essential financial management tools, it plans to leverage its data using AI to connect borrowers and lenders in its Web3 loan marketplace, unlocking significant value in digital and physical assets worth billions. The platform offers borrowers a zero-cost experience to list their digital and physical assets, while lenders incur a 4% fee on interest earned from successful loans.

NFT Loan Market is $1B, expected to reach $3.2B by 2028. As per Citi, $5T physical assets are expected to be tokenized by 2030. The company faces some competition in the space. Competitors include Arcade, Metalink, NFT Fi, and Flowty. All these platforms offer only a part of the features offered by Nettyworth.

The company plans to grow its user base by investing in digital advertising, SEO, strategy, social media campaigns, steady content development, and collaboration with other creators, companies, and events. Eventually, it also plans to gamify the “Nettyworth List” to create a new measure of the user’s social status.

It has $4M+ user-managed assets, 3,500 monthly users on its platform, and a strong social media presence with 27,000 followers on Instagram and Twitter. The product has good reviews but it is still at a very early stage. For the year 2022, the company had revenue of $12.5k and a net loss of $1.8k. The company is targeting $34M in annual revenue by 2025.

Perks

Invest $1,000 Receive NettyWorth Merchandise Quarterly Investor updates. Invest $5,000 Receive NettyWorth Merchandise Quarterly Investor updates. Private cocktail & dinner party with all our top investors in NYC. Invest $10,000 Receive NettyWorth Merchandise Quarterly Investor updates. Private cocktail & dinner party with all our top investors in NYC. Investor Group Zoom Meeting with CEO to discuss growth. Invest $25,000 Receive NettyWorth Merchandise Quarterly Investor updates. Private cocktail & dinner party with all our top investors in NYC. One-on-One Zoom Meeting with CEO to discuss growth. Invest $50,000 Receive NettyWorth Merchandise Quarterly Investor updates. Private cocktail & dinner party with all our top investors in NYC. Annual One-on-One Zoom Meeting with CEO to discuss growth.

Key Deal Facts

Web3 Fintech | Manage & Borrow Against Digital and Physical Assets NFT Loan Market $1B | Expected to reach $3.2B by 2028 Citi analysts predict $5 Trillion in physical tokenized assets by 2030 $4M+ user-managed assets | 3.5K+ monthly users | 95% love platform Targeting $34M in annual revenue by 2025* 2x Founders | CEO Former Marketing Director at a Fintech YC Alumni Advisor with Mastercard exit

Use of Proceeds

The company plans to use the funds for salaries, product development, marketing, operations, and platform fees.

Management Team / Advisory Board Bios

The management team is experienced and skilled.

July Grullon, Co-Founder, CEO, Director, President, Treasurer
July brings extensive expertise as a former Fintech Marketing Director, with more than 12+ years of experience in successfully scaling and managing ventures. He is a 2x founder.

Alcides Aguasvivas, Co-Founder, Chief Operating Officer, Director, Vice President, Secretary
Alcides has over 18+ years of skillfully managing a renowned digital agency. His contributions have been instrumental in helping companies accomplish their development objectives. He is a 2X Founder and former Head of Operations for an award-winning digital agency.

Juan Maldonado, Advisor
Juan is a YC Alumni and co-founder of Arcus (acquired by Mastercard).

Valuation Notes

The company is bootstrapped. Currently, the company has valued itself at $15M. The highly fluctuating value of underlying digital assets makes it difficult to ensure the materialization of the expected growth of the business. The valuation seems a little high without proven significant traction for the product.
Amount Raised : $120,730
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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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