Beanstox

Seriously Simple Investing

Beanstox

Seriously Simple Investing

Boston, MA
Financial Services
Software & Services
Kevin O’Leary (known for Shark Tank) cofounded Beanstox with Connor O’Brien (CEO of $1.5 billion O’Shares ETFs), developing the Beanstox app and automated wealth management, designed to help millions of Americans automate their saving, investing and wealth building. O’Leary learned that over 100 million Americans have little or no savings and investments, and almost nothing put away for retirement. He committed to developing Beanstox for “Seriously Simple Investing”, enabling people to begin investing in minutes, with personalized portfolios, automated recurring investments, and more - all for a simple $5 monthly subscription fee. Beanstox’s target market is this large population of over 100 million potential new investors, most of them middle income Americans. Beanstox successfully launched its app in March 2020 (soft launch) and an app redesign in February 2021, followed by increased client base growth. Beanstox also recently began evaluating introducing Beanstox mobile banking to provide integrated cost-effective banking services and accelerate growth.

$1,165,326

raised
$1,026,108
previously crowdfunded
1,129
Investors
$27M
Valuation
$1.25
Price per Share
$250.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$3.93M
Offering Max
Reg CF
Offering

$1,165,326

raised
$1,026,108
previously crowdfunded
1,129
Investors
$27M
Valuation
$1.25
Price per Share
$250.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$3.93M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into Beanstox:

$250+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$5,000+
Investment
First Tier
$5,000+ 5% bonus shares
$10,000+
Investment
Second Tier
$10,000+ 10% bonus shares

Reasons to Invest

Large-scale market of over 100 million Americans needing help with saving and investing, while market studies indicate expected worldwide robo-advisory market growth to $16 trillion of assets under management by 2025.
Beanstox has grown to over 22,000 user accounts; 8,000 approved accounts; 1,400 clients subscribed at $5/month/client; monthly client growth rate is up 100% from 9/20 to 6/21 on limited marketing.
Marketing advantages with Shark Tank investor Kevin O’Leary, as Beanstox Chairman, co-owner and brand ambassador, extends the company's reach to millions of people, thus far helping achieve an attractive client acquisition cost of under $50/client (CAC).

The Problem


Investing is difficult for many people

At Beanstox, we believe the choices for personalized investing are limited for middle-income people as traditional financial service providers often have high minimums, such as $100,000, with annual fees as high as 1% of assets under management, which is $1,000/yr, while lower cost choices provide limited or no personalized management. Unfortunately, many adults are heading to a retirement of poverty - in fact, over 100 million households do not have an investment account and are not saving and investing for retirement. 

*Data as of 2013.


Many Americans who are only saving but not investing are missing the power of compounding returns that could greatly improve their financial wealth and retirement savings over the course of their lifetime.  Someone only saving $100/week over 40 years, but not investing and assuming no interest accrual, would save $208,000; however by investing the same $100/week for 40 years at an estimated annualized return of 8% (including reinvestment of dividends and excluding fees and taxes), invested in a properly diversified portfolio for the entire period and keeping the funds invested throughout the entire investment period, an investor could end up with over $1.5 million. Beanstox helps make the power of compounding returns accessible to all people.

*Simple saving assumes no interest rate accrual.


**Assumes an annualized market return of 8%, below the 30 and 40-year annualized market return for the S&P 500. Actual returns will vary greatly and depend on personal and market conditions. Past performance does not guarantee future result.


This chart does not reflect fees or costs associated with investing. It is not indicative of past performance or any client's experience using the Beanstox App.

The Solution


Make investing seriously simple

Our team at Beanstox developed an app that enables people to start investing in minutes. We realized that an effective solution must be serious, simple, and personalized to each client, designed to combine saving with automated investing to “use the power of compounding”. We also realized the benefits of providing people an investment approach similar to the way Kevin O’Leary invests for his family’s wealth.

Automated investing


Clients receive personalized portfolios and recommendations based on their individual investment goals and risk tolerance levels. Clients set the amount they want to add to each investment goal every week or month, which is then automatically invested.

Straightforward subscription model with a low minimum investment


Many clients appreciate our simple monthly subscription fee of $5*, with no hidden fees or surprising charges, allowing clients to start investing with as little as $100. Most clients (as of 3/31/21) start with over $500 and approximately 80% use the automated investment service, most choosing to add $200 or more per month.

*This membership fee covers costs associated with portfolio advisory services, custody, account maintenance and trade execution but additional services may incur additional fees, and the fee does not include fees and expenses charged by ETFs to their shareholders. Learn about fees here.

Recurring deposits



Set weekly or monthly recurring deposits for each goal, the client decides. Depending on how much you invest, the app will show you the potential return you can expect (based on the number of years you stay fully invested). Most clients, approximately 80%, use the automated recurring deposit feature provided by Beanstox.

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The Market


The robo-advisory market expected to soon manage over $16 trillion of assets

Market studies indicate that the worldwide robo-advisory market is expected to grow to $16 trillion of assets under management forecasted by 2025. Among the 100 million Americans with no investment account, we believe that about 30-40 million people in the U.S. will open a robo-advisory account in the next five years.

Our Traction


Kevin O'Leary’s impact of media coverage as Beanstox cofounder

Beanstox has grown since the $1.07 million crowdfunding completed a few months ago.  We've grown to over 22,000 user accounts; 8,000 approved accounts; and 1,400 clients subscribed at $5/month/client. The monthly client growth rate increased by over 100% from 9/20 to 6/21 on limited marketing, and we believe there is potential for significant growth, and we believe we are sufficiently differentiated from our peers.

Beanstox cofounder, Kevin O’Leary, is widely recognized as a savvy investor, and a brand trusted by many. He is known across America as an investor on the very popular show Shark Tank, as well as a contributor on CNBC and more. O’Leary, in media appearances and articles, helps build the Beanstox brand and generate thousands of downloads. His expected marketing impact includes exposure in traditional media, increased value in paid media, and broad growing exposure in social media with his following of over 3 million people across all his platforms. 

What We Do


An easy to use app, for automated investing and wealth building

The Beanstox app is both simple to use and serious about investing. Our technology uses each client’s investment goals and risk tolerance levels to determine an appropriate personalized portfolio, built using diversification across selected ETFs (Exchange Traded Funds). Our investment approach reflects Kevin O’Leary’s investment principles: keep it simple, keep investing, keep portfolios diversified.

Beanstox has already established an automated wealth management platform, with business partners and required capabilities for technology, account opening, KYC/AML, banking data connections, brokerage and custody, investing, account management, reporting and more. 

The Business Model


B2C subscription-based business model, with low operational costs

Beanstox uses a straightforward subscription model: $5/Month. The variable costs per user are ~$1/Month, including bank connection, securities trading, account maintenance and reporting costs. Fixed costs include our core team and marketing expenses. We could achieve break-even with 30,000 clients based on current costs.

How We Are Different


Instant marketability meets maximum accessibility

Kevin O’Leary’s reputation as an investing expert, widely featured in traditional media, gives our brand a clear advantage in the marketplace. Our brand begins with an established sense of trust among many consumers.


Our app features set us apart from our competitors: keep it simple yet serious; provide multi-goal investing; automate almost everything; provide serious info on personal finance; provide access to livestream education with Kevin O’Leary and expert guest speakers.

Some apps provide “round up” investing or enable users to invest their spare change, while other apps provide services for more affluent investors. Beanstox fits somewhere in the middle as a way for middle income Americans to start seriously investing a target amount, such as $100 each week or month, working their way toward financial freedom.

*Graph developed based on internal research

The Vision


Empowering millions to use automated wealth building and integrated mobile banking services to attain financial freedom

Beanstox’s vision is to become a leading personal financial platform for the millions of middle-income households considered “too small” by traditional wealth management service providers, and charged fees considered “expensive” by their traditional banks. Beanstox successfully launched automated wealth in March 2020, followed by a recent app redesign in February 2021, and increased its client base growth. Beanstox is also evaluating the potential to make investing and banking even easier by introducing Beanstox mobile banking (neobank model), with integrated cost-effective banking services, aiming to improve client service and accelerate growth. Neobanks are fintech companies providing digital banking services exclusively through mobile applications or websites. They do not have traditional physical branch locations, have reduced employee costs and some leverage the banking infrastructure provided by partner banks. The $27 billion neobank market has already experienced growth with an estimated 39 million users globally.

Our Team


On a mission to make financial freedom more accessible

Beanstox was cofounded by Chairman and brand ambassador, Kevin O’Leary, and CEO, Connor O’Brien. Kevin O'Leary has worked closely with the company’s core team since it’s development. The Beanstox team members have experience with investment management, digital marketing, customer service, compliance and more. With Kevin O’Leary giving Beanstox the unique edge of high impact marketing, we are focused on delivering a high-quality client experience. Our team now also includes professionals with experience in wealth management from major firms. 

Why Invest


Now is your opportunity to become a part of our long-term growth

Beanstox is focused on helping millions of people grow their wealth over time and achieve financial freedom in a way that works for them. Our ability to achieve our goals will be accelerated by inviting like-minded people to become Beanstox clients and owners. As an Investor in Beanstox, become a part of our long-term growth plan.

Quick Insert

Offering Summary


Company

:

Beanstox Inc.

Corporate Address

:

75 State Street, Suite 100, Boston, MA 02109

Offering Minimum

:

$10,000.00

Offering Maximum

:

$3,929,998.75

Minimum Investment Amount

(per investor)

:

$250.00











Terms


Offering Type

:

Equity

Security Name

:

Class B Non-Voting Common Stock

Minimum Number of Shares Offered

:

8,000

Maximum Number of Shares Offered

:

3,143,999

Price per Share

:

$1.25

Pre-Money Valuation

:

$26,975,102.50











*Maximum Number of Shares offered subject to adjustment for bonus shares. See Bonus info below.

Company Perks* 

Early Bird

First 72 hours - Friends and Family - 20% bonus shares

Next 72 hours - Super Early Bird Bonus - 10% bonus shares

Next 7 days - Early Bird Bonus | 5% bonus shares

Volume

$5,000+ 5% bonus shares

$10,000+ 10% bonus shares

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Beanstox Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class B Non-Voting Common Stock at $1.25/ share, you will receive and own 110 shares for $125. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$591,898.00 USD
$16,454.00 USD
Cash And Cash Equivalents
$537,484.00 USD
$14,079.00 USD
Accounts Receivable
$0.00 USD
$2,275.00 USD
Short Term Debt
$51,160.00 USD
$21,399.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$66,837.00 USD
$32,243.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$500.00 USD
$456.00 USD
Net Income
-$385,908.00 USD
-$23.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Digital Banking: A Cornerstone of the Fintech Boom?

2 days ago

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Digital banking gaining momentum? According to research conducted by Galileo Financial Technologies, a global fintech-as-a-service company owned and independently operated by SoFi Technologies, digital banking is gaining momentum with consumers of all generations.

Fintech is comprised of fast-growing segments including wealthtech (robo-advisory such as Beanstox) and digital banking. As consumers move their financial lives online, they may seek fintech solutions that combine wealth management and banking.

Key metrics from the research: 

Digital banks and higher consumer satisfaction:

  • 66% of clients using traditional banks as primary provider indicating that they are satisfied
  • 79% and 81% of clients who use digital-only banking and stand-alone digital accounts, respectively, indicating that they are satisfied

All generations are embracing digital financial services. Usage percentages:

  • 21% of consumers use digital-only banks as their primary provider across all age groups
  • 29% of 35-44 years old (highest usage for any age group)

Read this article to learn where consumers are keeping their funds and to see demographic data on digital banking adoption.

Your opportunity: Learn how you can invest in the Beanstox business, alongside Kevin O’Leary, Chairman & co-owner.

We are excited by the Fintech growth opportunities for Beanstox, but we are also mindful of the fact that for every success story, there are many others which are not as successful.

Forbes Article: “$91.5B in Global Fintech Investments This Year”

4 days ago


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Is the Fintech boom here to stay?

According to this article in Forbes, $91.5B was invested into Fintech in 2021 YTD, already almost twice the total of 2020. The third quarter of 2021 has already seen the birth of 42 fintech Unicorns (startups with valuation of $1B+). We at Beanstox, a Fintech startup, believe that the potential for growth in the space is only beginning.

Highlights from the article:

  • Tiger Global Management (24 deals) and Coinbase Ventures (22 deals) lead fintech investors
  • US leads global fintech investing with 38% of deals
  • A Third of Unicorns in Q3 are Fintech startups

For more info and data, including the companies with the biggest funding rounds, read the article.

Your opportunity: Learn how you can invest in the Beanstox business, alongside Kevin O’Leary, Chairman & co-owner.

We are excited by the Fintech growth opportunities for Beanstox, but we are also mindful of the fact that for every success story, there are many others which are not as successful.

Beanstox Fintech Unicorn Series - Beanstox Brokerage Partner Named to CB Fintech 250

5 days ago

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Beanstox’s Fintech brokerage partner, DriveWealth, was named to the 2021 CB Insights Fintech 250’s prestigious list of emerging private companies working on groundbreaking financial technology.   

We congratulate DriveWealth on their $2.85B valuation and “Unicorn” status and wish them continued success. The 250 companies that make this impressive list are selected from a pool of over 17,000 companies. We believe our partner’s dedication to innovation and its strengthening brokerage infrastructure will support not only its own growth but Beanstox’s as well.

 Fintech 250 Investment Highlights:

  • Unicorns: 118/250 companies named had valuations above $1B
  • Companies on the list raised $40.3B YTD
  • Since 2020, 178 mega rounds ($100M+), 138 coming in 2021

For more highlights, including global representation of the Fintech 250 and the top VC Investor, read the press release.

Your opportunity: Learn how you can invest in the Beanstox business alongside Kevin O’Leary, Chairman & co-owner.

We are excited by the Fintech growth opportunities for Beanstox, but we are also mindful of the fact that for every success story, there are many others which are not as successful.

 

How Venture Capitalists Value Fintech Companies

7 days ago

There are several ways venture capitalists (VCs) and firms find value in the fintech companies they invest in. For example, some VCs love to see large total addressable markets (TAMs) and low customer acquisition costs (CACs), while others highly value potential client reach and recurring revenue.

Which metrics are often used to identify fintech value? Watch the video to find out!


 

Beanstox Offering Already Over $1,000,000 and Growing

8 days ago

We already raised over $1,000,000 and investor demand for the Beanstox offering keeps on growing.

We appreciate the investor support, which will help us grow the Beanstox business. If you already invested, thank you so much! Others can invest too. You can share this message with your friends and tell “the crowd”. After all, that’s the idea of crowdfunding.

What else? Try the Beanstox App!  We want your product feedback to help us keep improving. “The crowd” can help accelerate our innovation.

You can also share info about the Beanstox App, to help us reach many more of the 100 million Americans who are not yet investing.

The entire Beanstox Team appreciates your interest in our Fintech business growth opportunity.

Thanks,

The Beanstox Team

Get info on investing alongside Kevin O’Leary, Chairman and co-owner in the Beanstox business: www.startengine.com/beanstox 

 

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Americans Embracing Fintech, Driving Valuations

9 days ago

Americans are taking an increasing amount of their financial lives online. Now, 88% of consumers use at least one fintech app for investing, banking, or other financial services.

According to recent data published by Plaid (a leading fintech company), the percentage of Americans using fintech products is even higher than those who use video streaming services (78%) or social media (72%).

Fintech Adoption Surpasses Streaming and Social Media
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Another Beanstox Partner with “Unicorn” Valuation

Plaid, founded only 8 years ago, reached a $13 billion valuation (Forbes) this year and is a banking business partner of ours and helps Beanstox make investing available in the palm of your hand.

What does this mean for Beanstox growth? The fintech revolution means more people will start investing and Plaid’s valuation is another example of our strong business partners.

Want to own part of the fintech revolution? Read through our offering docs and become an investor in Beanstox today!

We are excited by the Fintech growth opportunities for Beanstox, but we are also mindful of the fact that for every success story, there are many others which are not as successful.

Kevin O’Leary Video on Strategy: “Simple Solutions for Complex Problems”

12 days ago

Got a minute? In the video below, Kevin O’Leary describes a core driver of our growth strategy: developing a simple solution for a complex problem by “…making investing simple.” Yes, you’ve probably heard that 100 million Americans are not yet investing. Yes, this is a very large problem. And yes, many of these people find investing too complicated, so they never get started. We are focused on solving the problem for millions of Americans by “making investing simple.”  Get the app and try it for yourself.

We also expect to motivate people to take investing seriously. We want to show them that building wealth by investing has historically produced greater returns over time than traditional savings accounts. You might know about the power of compound returns and building wealth, but there are many others who don’t.

In addition to our differentiated strategy, businessman and TV personality Kevin O’Leary is our Chairman and co-owner. His communication impact gives Beanstox an edge with marketing initiatives and reaching new demographics.

Watch the video

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Beanstox is a solution for Seriously Simple Investing® designed to take the confusion out of investing and help Americans build wealth over time with a simple yet personalized and automated investment process.

As soon as you’re ready, get info on investing alongside O’Leary in the Beanstox business: www.startengine.com/beanstox 

It's True! We're Making Seriously Simple Investing® Accessible to Every American

14 days ago

Every American deserves an opportunity to build wealth, and Beanstox makes it easy with Seriously Simple Investing®.

We mean it when we say we’re introducing simple and automated investing to every American. Beanstox is based on Chairman and co-owner Kevin O’Leary’s simple investment principles to build wealth over time.

Try Beanstox out for yourself! Download the app, answer a few questions so we can learn about your investment goals and risk tolerance. Fund your account. Let the Beanstox app take it from there. No confusion, no stress, and no hassle. You can also choose when you want to invest more or automate your added investments every week or month.

Seriously, it’s that simple.

Want to also invest in the Beanstox business? It’s just as simple. Join the hundreds of investors who have already supported Beanstox on StartEngine.

Check out the Beanstox crowdfunding campaign on this page (startengine.com/beanstox)


 

 

Meet the Bean Team: Sasha Kalevar, Product Manager

15 days ago

You likely know about Seriously Simple Investing® with Beanstox, but did you know that over 100 million Americans have no investment account at all? The Bean Team is hard at work to change that. It’s our mission to make seriously simple investing available from the palm of your hand. 

Today, meet Sasha Kalevar, Product Manager.

Sasha is employee #1, having joined Beanstox at its inception. As our product manager, he is focused on meeting Beanstox customers’ needs. He maintains a close relationship with our app users while also leading the charge to bring new product features to market efficiently. Prior to joining the Beanstox team, Sasha worked for a cloud solutions provider.

Sasha looks forward to improving and building on the app’s success through new features and excellent customer experiences.

When Sasha isn’t at Beanstox, he’s usually on the golf course or out walking his dog.

Stay tuned for next time! We’ll say hello to another member of the Bean Team. 

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Fintech Unicorn Series: Where to Find Unicorns

18 days ago

Fintech is booming, and that’s good news for companies like Beanstox. This has already been a record year for fintech, with nearly 80 new unicorns (companies with a private market value of $1+ billion) created through October 1, 2021. According to Tracxn, there were only 19 unicorns created in 2020, marking a 300% increase year over year so far.

So what business models are creating the most unicorns? The answers might surprise you:

  • Investment Tech
  • Crypto
  • Banking Tech
  • Payments
  • Finance & Accounting

This is encouraging news for us, especially as an investment app! When you’re ready to invest, get info on our Crowdfunding Offering page on how you can invest in the Beanstox business alongside Chairman and co-owner Kevin O’Leary.

We’re excited to see how much fintech is growing, although we’re also aware that some companies will succeed more than others.

Fintech Unicorn Series - Fastest Growing Sector?

19 days ago


 

Kevin O’Leary, Chairman and co-owner, commented on the opportunity for Beanstox: “Beanstox is focused on a big opportunity and we’re building a great team. Although we have a long way to go from our early-stage, to potentially become a Fintech Unicorn, we are focused on building a great business.”

What is a “Unicorn” as it relates to companies? A Unicorn is a private company with a valuation of $1 billion or more. Fintech is the sector with the most Unicorns according to this article in Tracxn.

Here's an excerpt from the article as of October 1, 2021:

“Fintech has 79 Unicorns, making it the largest sector with most Unicorns. Within Fintech, Investment Tech emerges as the top business model with 15 Unicorns. San Francisco has seen the most Unicorn activity in Fintech and homes 20 unicorns.”

Highlights

-   A Quick Look at Fintech Sector

-    Unicorn Trends for Fintech

-   Top Business Models with most Unicorn activity

-    Check out the article for more

Get info on our Crowdfunding Offering page on how you can invest in the Beanstox business alongside Kevin O’Leary, Chairman and co-owner.

Although we are excited by the Fintech growth opportunities for Beanstox, we are also mindful of the fact that for every success story, there are many others which are not as successful.

Let’s Talk Green: How Does Beanstox Choose ETFs For My Portfolio?

20 days ago

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All images shown are for illustrative purposes only and are not actual customer or model portfolios.

When you sign up for a Beanstox account, one of the first things we do is learn more about your investment goals and risk tolerance so we can propose a portfolio designed to grow your wealth over time as you consistently invest. We invest your money in ETFs and manage your portfolio based on Chairman and co-owner Kevin O’Leary’s investment principles – keep it simple, keep investing, and keep portfolios diversified.

Our Beanstox portfolios are made up of typically low-cost and tax-efficient ETFs, with an emphasis on U.S. stocks, dividend, growth, and technology. ETFs are investments funds that trade on stock exchanges, providing liquidity and flexibility. We believe in staying the course over the long term through various market cycles and sticking to a consistent investment strategy which can help avoid potential pitfalls associated with following the latest Cinderella stock picks or having all your eggs in one basket.

We think it’s often best to keep it simple, keep investing, and keep portfolios diversified.

Why VCs Poured $1.4B into Wealthtech

21 days ago


 

Beanstox is in one of the fastest growing segments in Fintech, “Wealthtech.” Through our automated wealth app, we aim to help many of the 100 million plus Americans who currently have no investment account. We see a very large total addressable market (“TAM”) and we are focused on serving the people who want a seriously simple and automated investment service.

According to KPMG’s Pulse of Fintech H1’21, Wealthtech is still in its infancy. Global investment into Wealthtech during the first half of 2021 has already surpassed all of 2020, with 31 deals and $1.4 billion invested.

Highlights from the report:

  • Robo-advisory still in its infancy
  • Corporates taking action on Wealthtech
  • Consolidations among established wealth management players
  • What to watch for in H2’21

Check out page 22 of report for info on Wealthtech and historical deal data.

On this Offering page, get info about Beanstox and how you can invest in the Beanstox business alongside Kevin O’Leary, Chairman and co-owner.

Although we are excited by the Fintech growth opportunities for Beanstox, we are also mindful of the fact that for every success story, there are many others which are not as successful.

 

Why It Makes Sense to Invest in the Future of Investing

21 days ago

Did you know in 2020 alone, over 150,000 crowdfunding investors committed to more than 358,000 investments versus the prior year?* 

Crowdfunding has opened the door for more people like you to become investors and support the products they love.

We believe everyone deserves the right to create a more comfortable future for themselves and their families, and they need the right tools to do it. The Beanstox app takes the headache out of investing, automates the experience, and allows clients to focus on what matters to them and less on building their portfolios.

Your support today helps us reach our goal of creating a better tomorrow for millions of Americans with no investment account at all.

*Source: https://www.crowdfundinsider.com/2021/01/170982-239-million-was-raised-using-reg-cf-during-2020-amount-could-double-in-2021/


What makes Beanstox Different?

22 days ago

How We Build Personalized Portfolios

What makes Beanstox different is how we invest for our clients. The Beanstox app provides personalized portfolios with ETFs that may hold hundreds of stocks and bonds with an emphasis on U.S. stocks, dividends, growth, and technology. ETFs are typically low-cost and tax-efficient, making them a great choice to build your portfolio. 

Our app was built to make investing seriously simple using Kevin O’Leary’s investment principles -- keep it simple, keep investing, and keep it diversified. You don’t have to be an expert to build wealth over time. For $5/month, we do it for you.

No stress, just Seriously Simple Investing®.

How many people need seriously simple investing? Well, there are over 100 million Americans with no investment account of any kind. That’s a pretty large audience. While there are apps on the market today that offer a wide variety of options, like choosing your own stocks, we believe that’s not for everyone. Whether you have some investing experience or have never invested, a seriously simple investment solution can be in the palm of your hand with Beanstox.

Meet the Bean Team: Jarelle Gabison-Rana, Manager, Marketing + Communications

23 days ago

You likely know about Seriously Simple Investing® with Beanstox, but did you know that over 100 million Americans have no investment account at all? The Bean Team is hard at work to change that. It’s our mission to make seriously simple investing available from the palm of your hand.  

Today, meet Jarelle Gabison-Rana, Manager, Marketing + Communications.

Jarelle manages all of our social media, email marketing, and demand generation campaigns. She has many years of professional experience producing campaigns and generating content for publications and brands across industries including fashion, beauty, eCommerce, and artificial intelligence.

Jarelle is excited to introduce the Beanstox story and platform to U.S. investors through engaging outreach campaigns and empathic social media projects. She joined Beanstox because of its mission to help Americans build wealth, a journey she also began a couple of years ago. Jarelle understands the struggles with building wealth and is excited to share her experience with others, encouraging them to learn more about managing their finances.

Jarelle is a newlywed who loves adventuring with her husband, creating art, watching anime, and making the perfect Spotify playlists for her friends and followers on social media.
 

Stay tuned for next time! We’ll say hello to another member of the Bean Team.
 


 

Fintech: Lean Teams, Fat Valuations?

26 days ago

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Beanstox is building a consumer-focused financial technology business, beginning with our app for automated wealth.

This update, inspired by a recent article in Crunchbase, refers to building tech businesses and value while having a lean team. At Beanstox we have a lean dedicated team of great people, for product development, operations, investing, marketing and more. 

Now, our second round of crowdfunding creates an opportunity for people to invest in the business, with $250 or more, alongside Kevin O’Leary, Chairman and co-owner of Beanstox. 

So what’s the story about lean teams and fat valuations? 

Crunchbase breaks down the data on a sample set of venture-backed, software focused businesses that went public in the last 8 months.

Highlights and takeaways:

-   New public companies with multi billion-dollar valuations had staff sizes ranging from 300 to over 4,000. 

-   Valuation per employee (VPE) for notable public tech companies including Roblox and Coinbase.

-   VPEs have grown from $1-4 million in 2018 to over $10 million.

-   And more

 For a more complete list of newly public companies and their VPE metrics, check out the article at this link:

Tech Staff Sizes Still Aren’t Rising Much, But Valuations Sure Are 

Get info on this Offering page about Beanstox and how you can invest alongside Kevin O’Leary.

Although we are excited by the Fintech growth opportunities for Beanstox, we are also mindful of the fact that for every success story, there are many others which are not as successful. 

 

 

It Takes A Village: The Beanstox Community Keeps Growing

27 days ago

 

According to the U.S. Federal Reserve, the median net worth of a person under the age of 35 is only $14,000! For millions of Americans, a combination of debt and a lack of financial planning make it difficult to grow their wealth. Good news! The Beanstox app makes Seriously Simple Investing® accessible at every stage of adult life. Retiring comfortably doesn’t have to be a fairytale. 

We believe building wealth and planning for your financial future should be seriously simple, and it looks like you do too! To date, more than 900 of you have invested in our crowdfunding campaign. Thank you!

We can’t predict the future, but we can plan for it! For now, we’re planning on sending out more thank yous because we wouldn’t be here without you.

Power to the People: Crowdfunding Allows More People to Become Investors

28 days ago

How powerful is crowdfunding for startups like ours? Consider this: the crowdfunding market is expected to explode in the coming years, rising from $17.2 billion in 2020 to about $300 billion by 2030.* Now could be a great time to invest in projects that could change the world of investing, like Beanstox.

Your crowdfunding campaign investment empowers us to do what we do every day - make investing seriously simple. Over 100 million Americans have no investment account at all. We think the Beanstox app is a great solution. It puts automatic investing in the palm of your hand, so you can build wealth anywhere at any time. 

Because of you, we can help more people build wealth over time and achieve their financial goals like retiring comfortably.

Make your investment today and help us make Seriously Simple Investing® available to more Americans than ever before.

Click here to learn more: startengine.com/beanstox 

*Source: https://www.fundera.com/resources/crowdfunding-statistics 

 

What is Beanstox and How Does It Work?

29 days ago

What is Beanstox?

We’re glad you asked! Beanstox is built on a pretty simple idea -- investing and building wealth should be available to every American. That’s why we created an app designed to make investing and building wealth seriously simple. 

How Does the Beanstox App Work?

You answer a few questions to help us learn more about your investment goals and risk tolerance. We build a personalized portfolio of ETFs designed to grow your wealth over time. Once you fund your account, your investment portfolio is set up. You choose how frequently you want to add money to your account. Log in to the app to see how your portfolio is performing at any time.

What you see is what you get. That means no hidden fees. Your Beanstox monthly subscription is only $5/month. What’s included? Automated rebalancing, recurring deposits, dividend reinvestments, reporting, and more, as well as financial literacy information. It’s all built on Chairman and co-owner Kevin O’Leary’s investment principles – keep it simple, keep investing, and keep portfolios diversified. It’s Seriously Simple Investing® in an app.

 


Meet the Bean Team: Connor O’Brien, CEO and Co-owner

about 1 month ago

Beanstox CEO and Co-owner Connor O’Brien is a business builder. So what’s his story?

Before Beanstox, Connor was instrumental in creating and developing O’Shares ETFs, a company currently managing more than $1.5B AUM for its investors. Relying on a team of dedicated professionals, including his partner, entrepreneur Kevin O’Leary, he led growth and investment strategy, seeing the company to where it is today. Now, he aims to do the same with Beanstox.

At Beanstox, he is focused on taking to market a dynamic set of digital wealth products capable of serving millions of clients as well as building a best-in-industry team. Connor knows having a great team and a big consumer market opportunity are keys to success and scale. 

After graduating from Middlebury College with a degree in Physics and getting his MBA from Dartmouth College, Connor spent more than a decade working on Wall Street with financial powerhouses Merrill Lynch and Lehman Brothers.

His hobbies are impressive, too. Not only is Connor a skier, he competed in the Olympics not once, but twice in alpine skiing events. He enjoys travel with family and friends, having visited places from Alaska and Hawaii to Peru, Europe, and Asia. He’s even climbed and skied mountains in Greenland.

What motivates him most at Beanstox? Making investing seriously simple for the more than 100 million Americans who have no investment account of any kind and no savings for retirement.

💰VCs Are Investing Billions in Fintech. Become a Fintech Investor, Too! Invest in Our StartEngine Campaign With $250 or More

about 1 month ago

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Venture capitalists have invested almost $270 billion this year, mostly in technology including financial technology, or fintech.

That’s good news for Beanstox, a fintech company disrupting the personal wealth management space with its seriously simple investing app.

You can invest in a growth-stage fintech company, too! Become an investor in Beanstox with just $250 or more.

 


$900,000+: Let’s Keep Climbing the Beanstox

about 1 month ago


According to AARP, only 41% of those surveyed think their savings, investments, and Social Security will be enough to retire comfortably. At a time when 100+ million Americans have no investment account of any kind, we’re working to make retiring comfortably more than just a fairytale.

As the number of retirement-age workers increases, the need for more income outside of Social Security has become critical. The Beanstox app makes it possible to invest early, invest regularly, and grow your wealth over time through Seriously Simple Investing®!

Thank you for being a part of our story! To date, we have raised over $900,000. Your support helps bring the Beanstox app to more people, and empowers us to develop the tools to help you build wealth today, tomorrow, and for years to come.

Are you ready to become an investor in Beanstox? You can invest alongside CEO and co-owner Connor O’Brien and Chairman and co-owner Kevin O’Leary for as little as $250.

Top Trends in Fintech: Blockchain, Neobanks and More

about 1 month ago

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Learn more about the Top 7 Technology Trends in Fintech in 2021 from a recent article on Netguru.

According to Netguru, the top tech trends will include:

  • The rise of mobile-only banks
  • Blockchain as an industry disruptor
  • Robotics facilitating operations & customer service
  • Wider adoption of APIs
  • Customer intelligence as a revenue predictor
  • Fintech-as-a-Service & Banking-as-a-Service platforms
  • Innovations in payments

You can read more in the article, linked above. You can also hop over to our StartEngine campaign and join the 850+ investors who have already supported the campaign with only $250. 

Meet the Bean Team: Gino Geruntino, Content Marketing Manager

about 1 month ago

You likely know about Seriously Simple Investing® with Beanstox, but did you know that more than 100 million Americans have no investment account at all? The Bean Team is hard at work to change that. It’s our mission to make seriously simple investing available from the palm of your hand. 

Today, meet Gino Geruntino, Content Marketing Manager.

Gino brings more than a decade of professional writing experience to Beanstox. A former award-winning news reporter and producer, he left the grind of breaking news to gain valuable SEO and marketing experience in the private sector. He’s worked with companies and organizations of all sizes. His clever writing style combines engaging storytelling with creative visuals that educate and entertain audiences, driving them to action.

When he isn’t writing for Beanstox, you can catch Gino hiking the Adirondack Mountains, reading the latest David Sedaris article, getting tattooed, rooting for the Cleveland Browns and Washington Nationals, or drinking Utica Club while manning the grill. 

Stay tuned! Next week, we’ll say hello to another member of the Bean Team.
 


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Notice of Funds Disbursement

about 1 month ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Beanstox has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Beanstox be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Beanstox: Fintech Valuations and Investment? Read Forbes: "The 11 Biggest Fintech Companies in America"

about 1 month ago

Forbes provides Fintech Valuations and Investment flows in an article entitled "The 11 Biggest Fintech Companies in America".

Beanstox is of course an earlier stage Fintech investment opportunity. Learn more here https://www.startengine.com/beanstox

The article begins…. "It’s finally the roaring 20s, and fintechs are popping the bubbly.   U.S. fintechs raised $12.8 billion in the first quarter of 2021, a 220% increase over the same period in 2020, according to data provider CB Insights. True, this number was inflated by Robinhood's emergency $3.4 billion in funding earlier this year, when it ran into a little cash crunch created by the trading frenzy in stocks such as GameStock and AMC Entertainment. But it’s not just investments that are up—U.S. fintechs’ valuations are jumping too. The average valuation of the 11 still-private U.S. fintechs on this list (we were aiming for 10, but there was a three-way tie for No. 9) is $19.5 billion, more than double last year’s average. The cut off valuation to make our list was $5 billion, up from up from $3.7 billion in 2020.

That overall increase came even as some of the most successful fintechs are no longer even eligible. Six of last year’s top 10 have disappeared from our latest Fintech 50 list, four because they went public and one (Credit Karma) because it was acquired. Most notably, Coinbase, which was No. 3 on our top 10 list last year with a valuation of $8.1 billion, now trades publicly with a market cap of $50 billion. (Not all fintechs have done so well on the public markets: car insurer Root, our No. 10 last year with a $3.7 billion valuation as a private company, now trades publicly with a market cap of just $2.4 billion.)

Missing from our ranking is Nubank, a digital bank based in São Paulo, Brazil which is valued at $25 billion. The fintech offers no-fee credit cards and an alternative to the country’s stodgy brick-and-mortar banks. Its operations now extend to Argentina, Colombia and Mexico. So what gives? Forbes’ Fintech 50 ranking requires that candidates either have significant U.S. operations or be based in the U.S. and the eight-year-old startup has yet to reach American soil.  So, from payment processors to NFT marketplaces, here are the most valuable members of the Fintech 50.”

See the full article here: https://www.forbes.com/sites/elizahaverstock/2021/06/08/the-11-biggest-fintech-companies-in-america-2021/?sh=1fa6d1684f13

Although we are excited by the Fintech growth opportunities for Beanstox, we are also mindful of the fact that for every 1 success story, there could be 100 others which are not as successful.

 

Meet the Bean Team: Carrie Farnsworth, Chief Operating Officer

about 1 month ago

You likely know about Seriously Simple Investing® with Beanstox, but did you know that over 100 million Americans have no investment account at all? The Bean Team is hard at work to change that. It’s our mission to make seriously simple investing available from the palm of your hand. 

Today, meet Carrie Farnsworth, Chief Operating Officer.

Carrie brings a wealth of experience to the Beanstox team, leading the brand’s day-to-day operations and ensuring our platform works for every client. It doesn’t end there! Carrie is also responsible for our product and development teams. Before joining Beanstox, Carrie helped build out the e-banking business at CIT and, most recently, built out the digital consumer deposit infrastructure at Sofi. She is currently mapping and improving processes to support product development with the Beanstox app.

Outside of work, you can catch this Baylor University grad in the stands cheering for Real Salt Lake, hanging out with her family, practicing yoga, or enjoying a glass of wine.

Stay tuned! Next week, we’ll say hello to another member of the Bean Team. 

 

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Beanstox and Financial Freedom

about 2 months ago

Financial freedom is attained by building wealth. One of the ways to build wealth is investing, and our research shows that over 100 million Americans need help to get started. People needing help is both a motivation and a big business growth opportunity for Beanstox. As VC firms might say, it is a very large TAM (total addressable market). At pricing per client of $5/month ($60/year), even a modest market share reflects significant revenue potential. 

Why have so many people not yet started investing? Many people are simply unsure how to invest, or have too little wealth to get an investment specialist to do it for them.  That's a problem, and we believe Beanstox is a solution!  

Can you invest in Beanstox? Yes, with $250 or more, people can become investors in the business alongside members of the Beanstox Team, including Kevin O’Leary, Chairman and co-owner.

You can help bring Seriously Simple Investing to millions of Americans. 

Get the info here: Startengine.com/Beanstox 

Thanks,

The Beanstox Team

Notice of Funds Disbursement

about 2 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Beanstox has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Beanstox be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

REMINDER: Learn with O'Leary - Building Wealth Isn't a Fairytale TODAY @ 1:00pm ET 10:00am PT

about 2 months ago

Join a discussion with Kevin O’Leary, Beanstox Chairman and co-owner, and Connor O’Brien, CEO. 

 They will cover a range of topics and Q&A during this live Webinar:

  • Beanstox story
  • Business strategy
  • Growth opportunities 
  • Investor Q&A 

Webinar Link: https://www.youtube.com/watch?v=dv7_rqOfyKo 

 

Kevin O’Leary Webinar Invitation - Wednesday, Sept 8 @ 1:00pm ET 10:00am PT

about 2 months ago

Join a discussion with Kevin O’Leary, Beanstox Chairman and co-owner, and Connor O’Brien, CEO.

They will cover a range of topics and Q&A during this live Webinar:

  • Beanstox story
  • Business strategy
  • Growth opportunities 
  • B2C Fintech success stories
  • Investor Q&A 
  • Send your questions in advance to hello@beanstox.com 

When: Wednesday, September 8, 2021 @ 1:00pm ET  10:00am PT

 Webinar Link: https://www.youtube.com/watch?v=dv7_rqOfyKo 

 

Meet the Bean Team: Lauren FitzHugh, VP, Marketing + Communications

about 2 months ago

You likely know about Seriously Simple Investing® with Beanstox, but did you know that more than 100 million Americans have no investment account at all? The Bean Team is hard at work to change that. It’s our mission to make seriously simple investing available from the palm of your hand. 

Today, meet Lauren FitzHugh, VP, Marketing + Communications.

Lauren leads a lean team of marketers focused on supporting current clients and welcoming new ones, like you, to the Beanstox community and ensuring your experience is top-notch. She arrived with 15 years of marketing experience, mostly in the startup space, taking software products to market in fintech and insurtech spaces. Lauren believes building wealth isn’t a fairytale. She’s looking forward to demystifying personal finance and helping more people have delightful experiences with the Beanstox app.

When she’s not working, you can find this coffee-loving Libra teaching yoga and spin classes, popping the occasional bottle of bubbly, or sharing her travels and pearls of wisdom across her socials.

Stay tuned! Next week, we’ll say hello to another member of the Bean Team. 

 

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Now over 800 Investors, and Over $800,000 in Beanstox Crowdfunding!!!

about 2 months ago

The Beanstox team really appreciates the growing investor support. Great to already be over $800,000! 

If you invested, thank you. Tell your friends.

If you’ve not yet invested, why not be among the investors who get us over $1 million?

So what’s new at Beanstox? We recently added more great people to our team, and we will tell you more about them in our “Meet the Bean Team” series starting next week. Stayed tuned.

And what’s new in Fintech? So much is new that we plan a series of updates to provide “Fintech Sound-bites and Snacks” over the next few weeks, with info on the start-up scene, the VCs, the unicorns, IPOs and more. Stay tuned for this series of updates.

How can our investors get involved? Your comments, questions and feedback can help us improve the Seriously Simple Investing we have designed to help millions of Americans. We will be inviting investors to a more interactive process. 

Kevin O’Leary, Chairman and co-owner, and the whole Beanstox Team appreciate your interest in this exciting business growth opportunity.

Check us out again at StartEngine.com/Beanstox

Save the Date for a Live Event with Kevin O'Leary

about 2 months ago

Learn with O'Leary: Building Wealth Isn't a Fairytale (Live Q+A) 

The Shark and Co-Owner and Chairman of Beanstox will talk live with our investor audience about the Beanstox story, strategy, and growth. Investor Q+A following. Mark you calendar and look for a registration link soon. 

When: Wednesday, September 8, 2021 @ 1:00pm ET

Beanstox Crowdfunding Keeps Growing! Over $750,000 Raised

2 months ago

Are you invested? Why wait? Beanstox has raised over $750,000 and growing. 

Beanstox is in the fast-growing Fintech (financial technology) sector, which includes many companies using technology to provide cost-effective services to businesses and, in our case, individuals and consumers. We focus on providing seriously simple investing and automated wealth building, designed to help many of the +100 million Americans who have no investment account. 

Don’t miss this opportunity to invest in this exciting business alongside Kevin O’Leary, Chairman and Co-Owner.

Stay tuned for more updates to learn more about our progress. We look forward to including you among our investors, and to growing this business with you.

Notice of Funds Disbursement

2 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Beanstox has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Beanstox be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Wow! Beanstox brokerage partner DriveWealth raises $450 million @$2.85B Valuation!

2 months ago

DriveWealth, the Fintech brokerage partner for Beanstox, recently announced raising $450 million, valuing DriveWealth at $2.85 billion.

We congratulate DriveWealth on their growth, and we believe this capital strengthens our business partner.

This commitment by major venture capital investors indicates the strength of the Fintech sector.

Beanstox investors may be interested to read more info from the DriveWealth press release below describing the deal and comments from several venture capital investment firms involved.

DriveWealth Raises $450M Series D Valuing The Company At $2.85B

CHATHAM, N.J., Aug. 20, 2021 /PRNewswire/ -- DriveWealth Holdings, Inc., a pioneer in fractional trading and embedded finance, today announced a $450 million Series D with a valuation of $2.85 billion, co-led by New York-based global private equity and venture capital investor Insight Partners and Accel, with significant participation by Greyhound Capital, Softbank Vision Fund 2, and Series C lead Point72 Ventures. The round also included a follow-on investment from Fidelity International, plus several new investors including Base 10, FTX, and FlightDeck.

DriveWealth will use the Series D investment to execute its strategic vision of becoming the category leader of embedded investing across digital wallets and brokerage apps on every continent. This raise will fund continued product and service expansion, talent acquisition, and technology innovation to build the most modern, industrial-strength infrastructure in brokerage to support the firm's and its partners' future growth. The funding will also be used to launch self-clearing and accelerate execution via strategic acquisitions and partnerships.

DriveWealth's mission is to democratize investing globally by working with partners to invent new ways to use its API-based technology to provide emerging investors with cutting-edge embedded experiences, often first-time access to U.S. markets, and the ability to begin investing with as little as $1. DriveWealth is committed to empowering consumers around the world to become owners by delivering the most modern brokerage infrastructure, unparalleled industry expertise, and a culture of continued evolution.

"We are in the early innings of a worldwide retail investing revolution," said Bob Cortright, founder and CEO of DriveWealth. "Our goal is for DriveWealth to be the partner of choice to deliver the embedded investing experience of the future. This new capital and investor engagement will accelerate our global expansion plans in order to become the world-class, exchange-like technology company that powers tomorrow's investing products."

"The proliferation of digital wallets and democratization of investing has led to DriveWealth's incredible growth and user adaptation to date, and the company's institutional-grade brokerage execution delivers a seamless process to access equities globally. We look forward to partnering with the company as they continue to expand to meet the needs of today, and innovate for the demands of tomorrow's fintech ecosystem."

Deven Parekh, Insight Partners

"The increasing demand for financial services has left fintech companies eager to expand their products and drive engagement. With DriveWealth's unique combination of brokerage experts and technology, fintechs can get to market quickly and scale."

Matt Weigand, Accel

"Like DriveWealth, we believe that the future of investing is mobile, transactional and fractional, and that the retail revolution, coupled with ever increasing advances in digital wallet technology, will transform the investing landscape and financial services over the next decade. We are excited to partner with the team and support their mission to democratize investing globally."

Ines Verschueren, Greyhound Capital

DriveWealth welcomes the strategic support and engagement of two new board members, Deven Parekh from Insight Partners and Matthew Weigand from Accel. Tripp Shriner from Point72 Ventures, who led DriveWealth's Series C round, will continue contributing in his role as board member.

About DriveWealth

DriveWealth, the pioneer of fractional equities trading and embedded investing, is a visionary technology company that empowers more than 100 partners around the world to engage their customers by placing the markets in the palm of their hand. We believe the future is fractional, transactional and mobile. Every mobile device should be a gateway to accessing investing and savings products, services, advice, and assistance for global citizens of all ages, wealth stages, and levels of financial expertise. DriveWealth's unparalleled consultative support and cloud-based, industrial strength technology platform allow partners to seamlessly offer branded investing experiences to drive customer acquisition, loyalty, retention, and revenue growth. DriveWealth's commitment to continuous evolution and innovation makes it the partner of choice for powering the future of investing. For more information, please visit drivewealth.com.

About Insight Partners

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised, through a series of funds, more than $30 billion in capital commitments. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create opportunity for all. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.

About Accel

Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Atlassian, Braintree, Cloudera, Crowdstrike, DJI, DocuSign, Dropbox, Etsy, Facebook, Flipkart, Freshworks, Jet, Pillpack, Qualtrics, Slack, Spotify, Supercell, Tenable, UiPath, and Venmo are among the companies Accel has backed over the past 35+ years. We help ambitious entrepreneurs build iconic global businesses. For more, visit accel.com or twitter.com/accel.

About Greyhound Capital

Greyhound Capital is a global growth equity investment firm focused on technology-enabled businesses that improve people's everyday lives. The firm seeks to partner with outstanding teams and support them in building enduring companies. Greyhound Capital backed companies include Revolut, Guideline, Freee, Travelperk, Brex, Marqeta, Coalition, N26, Toss, among others. For more info, visit greyhoundcapital.com

SOURCE DriveWealth

Related Links

http://drivewealth.com/

Beanstox in the News on Benzinga

2 months ago


Connor O’Brien, Beanstox CEO and co-owner, was on Benzinga “PreMarketPrep” hosted by Spencer Israel, talking about trading, investing and the Beanstox crowdfunding. Here’s the interview, just after the 1-hour mark

https://www.youtube.com/watch?v=GBU5WMi1Tjc&t=3611s

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Hear what they said about: 

  • Trading, investing, and impact of recent Fed policies
  • How Beanstox works, what sets it apart from competitors
  • Crowdfunding for start-up businesses, investors and Beanstox

 

O’Brien had this to say on crowdfunding, "We really like it, users of the Beanstox app can become investors in the business… like brand ambassadors and they give us feedback, tell us what they like, what they don't, and what they want to see next. It's a really interesting way to grow."

 

People ask “How did you get the name Beanstox?”

3 months ago

Our team knew the value of a good name and brand. We all squeezed into the meeting room to brainstorm. We knew we needed a name that would check off the boxes we had in mind. It needed to be fun, short, easy to remember, demonstrate growth, connect with people, and, most importantly, be available. 

Beanstox is both a nod to growing wealth and a reference to the childhood story “Jack and the Beanstalk.” As we all know, Jack climbs the beanstalk and, after dispatching the Giant, is rewarded with a golden goose, gold, and other valuables. We want people to realize that investing involves giving their money time to grow, and time to create their own wealth and success.

The second we landed on the name “Beanstox”, we knew we had something good, and it was available!

Starting Soon! BEANSTOX CEO Webinar Today at 1pm ET

3 months ago

Learn about 

  • The Beanstox story, strategies, and plans 
  • Fintech market growth
  • Why Beanstox is crowdfunding  

Date:    Thursday   August 5, 2021 

Time:   1:00 PM ET

 Register for our Webinar here 

https://zoom.us/webinar/register/WN_k2Ar3NZGSJO5WvG1HbNj_w

 

Register for our Webinar with Beanstox CEO

3 months ago

Learn about 

  • The Beanstox story, strategies, and plans 
  • Fintech market growth
  • Why Beanstox is crowdfunding  

Date:    Thursday,  August 5, 2021 

Time:   1:00 PM ET

 Register for our Webinar here 

https://zoom.us/webinar/register/WN_k2Ar3NZGSJO5WvG1HbNj_w

Webinar August 5th: Meet the Beanstox CEO

3 months ago


Hear the Beanstox story, our strategies and our plans,

live from Beanstox CEO and Co-owner, Connor O’Brien.

 

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 Also learn more about the Fintech (financial technology) market

and why it’s growing so fast.

 Hear about key topics:

 

  • Market Size and Competitors
  • Beanstox Product Dev, Pricing and Revenue Strategies
  • Why do Crowdfunding
  • Q&A

 

Date:    Thursday  August 5, 2021 

Time:   1:00 PM ET

 

Register for our Webinar here 

 https://zoom.us/webinar/register/WN_k2Ar3NZGSJO5WvG1HbNj_w 

Kevin O’Leary says investing $100 a week could make you a millionaire by retirement.

3 months ago

The headline above gets attention and motivates people to invest, particularly when we hear it from Kevin O’Leary. Beanstox wants to show people how investing consistently, perhaps $100/week or 10% of each paycheck, could grow significant wealth over time. The power of compound investment returns can add power to grow wealth much more than simple savings.  See the math above in the graph titled “How You Invest Your Income Matters”. 

 

 

 

Over $600,000 and Growing!

3 months ago

 

Hey Beanstox investors,

 

Learn why Beanstox and Kevin O’Leary, Chairman and co-owner, are crowdfunding.

 

Check out our recent press release: Beanstox is Back” says Kevin O’Leary, with Crowdfunding on StartEngine

 

We appreciate crowd support!

 

The Beanstox Team

“Crowd” Approaching $500,000

4 months ago


Beanstox appreciates crowd support !

 

Check the growth following our last crowdfunding:

 

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You can share the opportunity to invest with Kevin O’Leary, Beanstox Chairman and co-owner. Just send to friends:

 

www.StartEngine.com/Beanstox 

 

We appreciate crowd support!

 

The Beanstox Team

 

 

The Sad Truth About Retirement

4 months ago

Unfortunately, many adults are heading to a retirement of poverty - in fact, over 100 million households do not have an investment account and are not saving and investing for retirement.

At Beanstox, we're committed to changing this sad truth. Kevin O’Leary and cofounder Connor O’Brien are determined to automate wealth building through the Beanstox app, enabling people to begin investing in minutes, with personalized portfolios, automated recurring investments, and more.

Receive 5% bonus shares when you invest in Beanstox today at startengine.com/beanstox. 

 

 

Check the new Beanstox bonus shares opportunity

4 months ago


Already $385k+ raised in the first few days. Thank you investors !


Invest in Beanstox today to receive 10% bonus shares. This expires soon ! (July 7, 3pm PT)

 

You can help us bring automated investing and the Beanstox App to millions of Americans who need help building their wealth. 


 Join us on our mission to make financial freedom more accessible.

 

Thank you from 

 

The Beanstox Team

WowWowWow! Over $300,000 on day three!

4 months ago


Hey Beanstox investors, 


Over $300,000 in less than three days from Beanstox crowdfunding investors! Thank you for your support.

Don't miss out on 20% bonus shares when you invest in Beanstox - ending in 3 hours! Join us in our mission to automate wealth management for millions of Americans. Invest in Beanstox at startengine.com/beanstox today. 

 

Beanstox is Back!

4 months ago


To all our Beanstox investors and followers - we are so excited to be back on StartEngine to raise another $3.93M after our incredibly successful first raise last year!

A few things have changed since our last raise but our mission is the same: "Seriously Simple Investing" to help millions of people grow their wealth over time and achieve financial freedom in a way that works for them.

Since our last raise, we underwent a successful app redesign, followed by increased client base growth. Beanstox also recently began evaluating introducing Beanstox mobile banking to provide integrated cost-effective banking services and accelerate growth.

Now's your chance to be a part of our journey once again. Invest today and receive 20% bonus shares - promotion ending in 1 day.

 And remember to tell your family and friends about Beanstox!

 

 

 

Wow! Already over $100,000 raise on day one!

4 months ago

Hey Beanstox investors,

 

Over $100,000 in less than one day from Beanstox crowdfunding investors! Thank you for your support. 

 

Please also try the Beanstox app, use our automated wealth service, and send us your suggestions once in a while (support@beanstox.com).  Your input will help us prioritize initiatives, improve client experience and accelerate our growth. 

 

Thanks!

 

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