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Security Type
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Convertible Note
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Categories
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Technology, Financial Services
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Min Investment
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$100
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Location
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Pleasant Grove, UT
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Offering Date
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October 19, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$50.00K-$2.10M
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No. Investors
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359
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Security Price
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$1
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Valuation
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$76,000,000
- Number of Employees
- 15
- Cash
- $701,725
- Revenue
- $16,967
- Short Term Debt
- $159,765
- Cost of Goods
- $0
- Long Term Debt
- $326,336
- Net Income
- $-818,492
Company Description
The power of digital banking with cash envelopes. We change the environment of money, making saving and spending money with purpose easy for everyone.
Key Deal Facts
#1 budgeting app of 2021—Real Simple Smart Money Awards.
+30k downloads and averaging over 50 new customers per day.
$16.48 customer acquisition cost (CAC). $92.88 annual average revenue per account (ARPA).
$440/month (avg) in savings per customer when credit card spending is replaced with Qube Money.
200 influencer partners, including The College Investor and The Busy Budgeter, Lauren Greutman.
15X revenue multiplier (base) in the exploding Fintech industry!
$5M raised to date with 58 accredited investors.
10M people have tried cash envelope budgeting.
Use of Proceeds
- ($50,000) 40% for operations, 40% for development, 15% for marketing, and 5% for Wefunder raise.
- ($250,000) 40% toward operations, 30% toward development (budget automation, Teen/Kid card), 25% toward marketing (Partner promotion, social media ads, google ads, App Store adds), and 5% toward Wefunder.
Management Team / Advisory Board Bios
Jay Anderton
President & CEO
Aide-de-camp, Executive Officer to multiple Air Force Generals. 13-year ops executive. VP of Young Living Essential Oils - Global Farms. As CEO, led start-up to eight-figure exit. Investor: oil, websites, real estate. Previously COO at Qube Money.
Shane Walker
Founder, CRO, and Executive VP
Raised $1M from 13 investors in 2 months, and over $5M through 58 investors in the last three years with no prior fundraising experience or training. Masters of Accounting from BYU. Became one of 30 top income earners in a $500M direct sales company.
RYAN CLARK
Founder and CMO
Flipped 5 Real Estate properties at the age of 18. Mortgage Broker. 13-year Financial Planner and coach. MDRT - Top of the Table qualifier, ranking in top 1% of financial advisors worldwide. Author: The Order of Wealth. Systems builder.