Beanstox (Equity)

Funding Details
Awarder
StartEngine
Date Award
April 28, 2022
Vertical
Fintech
Funding URL
View Funding Page
Valuation
$26,980,000
Funding Amount:
$2,836,128

Company Info
Founding Year
2020
Traction
Beanstox has grown to over 60,000 downloads, 30,000 user accounts, 13,000 approved accounts, and 1,400 clients subscribed at $5/month/client. User accounts grew 115% from 12/20 to 3/22 on limited marketing.
Organizations Involved
StartEngine Capital, LLC
Founders
Kevin O'Leary, Connor O'Brien, Louise Anne Poirier
Company Description
Beanstox is focused on a large consumer market, providing automated wealth building designed primarily for the 100 million Americans who have no investment account. They offer Seriously Simple InvestingĀ®. Beanstox has a significant marketing advantage through Kevin O'Leary's social media footprint of 5M+ users across his platforms. The company aims to make investing seriously simple for middle-income individuals by offering personalized portfolios and recommendations based on individual investment goals and risk tolerance levels.
Market
Financial Services
Location
Boston, MA, US
Coinvestors
StartEngine Capital, LLC

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