SwitchBin on StartEngine 2022 – KingsCrowd

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Security Type

Equity – Common

Pre-Money Valuation

$24,975,000

Reporting Date

07/19/2022

Likelihood of Max

Momentum

cold.svg

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Location

Overland Park, Kansas

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

SwitchBin, with a valuation of $25 million, is raising funds on StartEngine. The company has developed an automated solution for trading in and buying new devices. The interactive kiosk of SwitchBin will help users to trade in and upgrade their phones conveniently, securely, and quickly. The technology of SwitchBin can also be upgraded and applied to all connected devices, laptops, set-top boxes, and other categories. George Abdelmalak and Robert Kilinski founded SwitchBin in May 2020. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $1,069,997.76. The campaign proceeds will be used for trial deployment.

Summary Profit and Loss Statement

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-34,600

$-3,000

Summary Balance Sheet

Cash

$800

$0

Accounts Receivable

$0

$0

Total Assets

$62,400

$97,000

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 07/18/2022

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