TrustFund

TrustFund

Achieve financial wellness and avoid payday/title predatory loans

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Security Type
Membership Units
Categories
Financial Services
Min Investment
$99
Location
Plano, TX
Offering Date
March 25, 2020
Expected Close Date
October 30, 2020
Target Raise
$10.00K-$107.00K
Deal Notes

Price per Unit: $1.00

Valuation
$2,500,000

Company Description

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.

Use of Proceeds

  • CTO Salary
  • Working Capital
  • Customer Service Platform Intragration
  • Branding New Product Development
  • Intermediary fees

Management Team / Advisory Board Bios

Nathan

Nathan is a passionate entrepreneur focused on solving pressing problems with sustainable solutions. After studying Finance & Economics at the University of Texas at Austin, he moved to India and started a company building self-sustaining toilets in India. Upon returning to Dallas, he joined a Venture Capital fund and learned the startup playbook as an associate. From there he spent a year with the Jesuits but in that process, started a saw an opportunity and founded a software company for schools and that process helped him realize that his talents were used serving others through entrepreneurship. Since returning he founded a handful of ventures including Farm2Cook, a vertically integrated ethnic meat company that hit a $2M Annual run rate now owns a farm and 2 stores + home delivery + restaurant & catering. He stepped down from Farm2Cook to entirely focus on TrustFund.

Frank

Frank is an evangelist for social innovation, seeing opportunity where others see deficits. He brings 20 years of professional experience leading social enterprises and mission-driven organizations. As the Senior Director of Research & Innovation at a major social service agency in Fort Worth, Frank oversaw the design and prototyping of a $6M randomized-control trial aimed at tackling the complex issues faced by families living in poverty. As CEO of Social Venture Partners Dallas, he led a partnership of more than 100 engaged philanthropists who together invest time, talent and financial resources in improving the long-term organizational capacity of promising social enterprises that serve children at-risk. Today, as a co-founder of start-up digital bank, TrustFund, he is building financial tools to help Americans living paycheck to paycheck manage their money and avoid debt traps. Frank earned two degrees from the University of Notre Dame. He lives in Richardson with his wife and their three sons.

Deal Notes

Price per Unit: $1.00

Amount Raised : $0
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Valuation

Security Description

Membership Units represent ownership rights in a Limited Liability Company, indicated by the right to receive cash or unit distributions, declared by the Manager(s) of the LLC, and having voting rights in the governance of the Company.

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