Staax 💸

Staax 💸

Enabling peer-to-peer payments via fractional shares of stock ✨

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Security Type
Technology, Retail, Crypto & Blockchain, Financial Services
Min Investment
Folsom, CA
Expected Close Date
April 30, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

We make investing social, and as easy as receiving payments from your friends 🪙
Investors include, Techstars, Western Union, Litquidity, Hustle Fund, Plug & Play, Harlem Capital, and Lightspeed 🦄
Over $10M in total investor interest to date 💰
11,000+ people on our waitlist to date since opening in Fall 2021 📈
Strong Instagram + Tik Tok
Influencer Army (Partner accounts
totaling 4 Million + followers) 👻
Check out our app demo! 📲
As seen on Business Insider, TechCrunch, Benzinga and more 📰
Sign up on our waitlist for exclusive access at launch! 🤩

Management Team / Advisory Board Bios

Nikki Varanasi Founder & CEO of Staax ✌🏻Previously in finance and consulting at KKR and McKinsey, Lucy Yang Founder & COO of Staax ✌🏻Previously in finance and operations at Goldman Sachs and The White House, Victoria Yang Founder & CTO of Staax ✌🏻Previously in engineering and product management at Coinbase and Morgan Stanley
Amount Raised : $119,075
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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.

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.

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