PuraVida Inc.

This AI-powered Credit Card helps you live large... Unlock music festivals, travel and more...

Print
Claim My Business
Form C
View on Wefunder
Security Type
CAFES
Categories
Technology, Financial Services, Retail, Community & Lifestyle
Min Investment
$100
Location
Los Angeles, CA
Expected Close Date
April 30, 2025
Target Raise
$50.00K-$1.24M
No. Investors
54
Security Price
$1
Website
joinpuravida.com
Number of Employees
3
Cash
$38,011
Revenue
$0
Short Term Debt
$8,359
Cost of Goods
$0
Long Term Debt
$58,983
Net Income
$-42,412

Key Deal Facts

We are on a mission to spread happiness in the world through music... and financial services
Solid traction 150,000+ installs and 20% week-over-week growth*
+1 Million User Target in 5 Years and $1.2 Billion Revenue Ambition by Year 5
$100 Revenue per User/Month: $50 subscription | $30 network spending | $20 loyalty program
Signed with Mastercard a multi-million dollar deal to build the coolest lifestyle payment card*
Launching in Ibiza the capital party city of the world for Initial Traction then spreading globally
Highly experienced team in fintech and music festivals - combined 3 exits | Music Events +1M people
Super achievers on our Advisory Board with more than $1 Billion+ in Collective Exits

Management Team / Advisory Board Bios

Danny Abla Founder - CEO (5x burner)A fintech expert & a serial entrepreneur with 2 exits under his belt - PinPay; the Venmo before Venmo and SHOOP an NYC startup that provides tools for local shops to compete with eCommerce. He also launched Uber in KSA as a 3rd-party service provider, Philip PulitanoCofounder - Head of Music Festivals & PartnershipsPhil is a pioneer of the music festival industry. He is the co-founder of the BPM Festival; an annual world-class electronic music festival that hosts more than 70,000 people and takes place in CostaRica the land of PuraVida (formerly Playa Del Carmen), Khalil ShadidCofounder - Head Bus Dev & Sales (2x burner)Khalil is the founder of Reserveout.com, a restaurant booking app servicing more than 50,000 outlets. Before starting Reserveout; Khalil was a system engineer at Cisco, leading a team of 20 members in charge of $200M+ in sales, Nadia SafaHead of Product DeliveryNadia is the heart and soul of PuraVida. She moved from Bankiom where she was instrumental in bringing our platform to life, Batoul FarajSenior Event Manager (3x burner)Batoul is an event management specialist. She has managed more than 25 events hosting 1 million visitors, Eli ToumaHead of Monetization & Loyalty ProgramsEli has designed and managed multiple loyalty programs with more than 2 million users and a variety of rewards ranging from cash backs to miles, Dawar Khan Head of System IntegrationDawar has also moved from Bankiom to PuraVida. He is a digital security expert and was behind all the intricate integrations at Bankiom. He has developed multiple platforms in payment, eCommerce and banking, CrowdCrux Marketing Head of Growth
Amount Raised : $2,406,500
Reveal the Score by Voting
＿
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment