CleanCash by SaniCash, Inc.
The new normal of commerce
Homosassa, FL
Technology
CleanCash by SaniCash is making commerce safe again by utilizing ultraviolet-C light energy to sanitize cash and credit card terminals, protecting the interaction between consumers and vendors alike from the viruses and germs that we are exposed to every day. With our patent-pending systems, we aim to restore confidence in point-of-sale transactions and our retail economy after the severe historic disruption we have seen take place.
$124,862
raised
164
Investors
$8.46M
Valuation
$10.00
Price per Share
$250.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on May 01, 2021 and is no longer accepting investments.
Reasons to Invest
In a world where we have all seen the destruction caused by a single virus, creating sanitization technology for such high-traffic items has never been more important
Our team has decades of product experience building solutions for demanding clients including the military and NASA
We are creating a brand new market category to compliment the point-of-sale market which is projected to hit $125B in 2027
An innovative product for a newly sanitization-conscious world
Every day millions of us come into contact with cash and credit card terminals that have been touched by untold hordes of others, creating contaminated surfaces that germs and viruses have been known to live on for up to three days. We believe our product currently in development, CleanCash by SaniCash, Inc., will create our own market category, hoping to become the industry standard for the sanitization of cash and credit card terminals that power the global point-of-sale market.
*The product displayed in the image above is a rendering. The product is currently not available on the market and is in the research and development stage.
The Problem
Retail payments are disease vectors waiting to happen
Due to the massive disruption we are all experiencing as a result of the current global pandemic, health and safety precautions have never been taken more seriously than in recent months. As we have all become more conscious of the germs and viruses surrounding us on a daily basis, one of the clearest areas of exposure remains the systems through which we conduct point-of-sale transactions, whether at the grocery store, the mall, or even at your local gym.
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The Solution
Patent-pending tech to sanitize cash and credit card terminals
CleanCash is hard at work developing and commercializing patent-pending tech that will be able to sanitize cash and credit card terminals quickly and efficiently. Our technology will provide peace-of-mind by preventing the transmission of germs and allow us to carry on with our lives protected from unnecessary immunological risk.
Currently, the company is in the research and development stage and our products are not yet available on the market.
*The product displayed in the image above is a rendering. The product is currently not available on the market and is in the research and development stage.
We believe that our technology has the potential to truly improve safety from germ and virus transmission in the lives of customers, workers, and businesses in general.
*The products displayed in the images above are a renderings. The product is currently not available on the market and is in the research and development stage.
The Market
We are trailblazing an entirely new market category
There’s no data for our specific market segment yet because we believe we are one of the first movers in this sector. However, we sit at the cross-section of two markets, Point-of-Sale and Industrial Cleaning.
Sources: Federal Reserve Bank of San Francisco, Wisebread, and WebMD
First, we can look at the massive market size of the point-of-sale industry, which is projected to reach $125B by 2027 (thanks to a sturdy 7.5% CAGR), as an indicator of the potential market for our products.
Second, checking out the latest available data on the global industrial cleaning market shows a projected $58B market cap by 2024. This would be encouraging in its own right, but this market report was published way back in October of 2019, before the drastic shift in the way we all conceive of the hygiene of ourselves and others.
What We Do
Scientifically backed tech to sanitize point-of-sale and protect
CleanCash is developing a first-of-its-kind retail payments sanitization solution using ultraviolet-C light energy to perform scientifically proven virus/germ sanitization.
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*The products displayed in the video above are renderings. The product is currently not available on the market and is in the research and development stage.
At point-of-sale around the retail landscape, cash-using customers will insert their bills into our machine, inside which each bill and coin will be individually sanitized by UV-C light energy before being passed to the cashier, with the same system operating as change is returned back to the customer.
For credit card transactions, the terminal is retracted into its chamber after use for sanitization.
*The products displayed in the image above are renderings. The product is currently not available on the market and is in the research and development stage.
The Business Model
Selling B2B clamoring for the latest in sanitization tech
We plan to manufacture and sell our proprietary UV-C payment sanitization devices to retail establishments and chains. With a projected $975 COGS (Cost of Goods Sold), and a targeted sale price of $2,785 per machine, we expect to achieve gross margins of 65%.
There is also an opportunity for additional revenue streams through licensing our tech to existing point-of-sale system providers.
How We Are Different
We believe we are the first movers in a potentially huge space
Based on our research, we have yet to find any true competitors that combine our value proposition of sanitizing both cash and credit card terminals at the retail point-of-sale with a proprietary point-of-sale sanitization device.
The closest competitors we have identified are simple hand sanitizer dispensers available to customers after each transaction, but as this is voluntary and manual, we don’t see this creating serious friction to the adoption of our devices. We have identified competitors who provide UV sanitization for credit-card terminals only but do not support cash and credit-card terminals. CleanCash also provides an added layer of safety for vendors, keeping businesses safe from the spread of germs and viruses in the workplace.
*The product displayed in the image above is a rendering. The product is currently not available on the market and is in the research and development stage.
With four patents pending, we believe our moat is strong enough to fend off potential copy cats down the road.
*The image above is a rendering. The product is currently not available on the market and is in the research and development stage. There is no guarantee that we will receive final patent approval as these are pending and in progress.
The Vision
Manufacturing and selling devices within 1 year
In the near term, our focus is on executing upon our plan to bring our products to market within a year. Currently, we have patent drawings and schematics in line with our patent-pending applications. We are currently building our first prototype. We estimate that we will go through multiple rounds of research and development and prototyping, but the total number of rounds is unknown at this time.
After the successful introduction of our devices to retailers around the country, we will look to begin licensing and integrating our tech into existing point-of-sale provider’s products.
We are also looking forward to 3rd party laboratory testing to further certify our tech’s efficacy.
*The products displayed in the above images are renderings. The product is currently not available on the market and is in the research and development stage.
OUR LEADERSHIP
Tech veterans with experience working with high-level clients like the military and NASA
Founder and CEO Nevin Jenkins is a serial entrepreneur with 25 patents to his name, including the first Medical Alert System which became famous for its TV commercials. Perhaps you’ll remember: “I’ve fallen and I can’t get up.”
VP of Product Development Rande Newberry has been a longtime partner of Nevin’s, previously co-founding SR Products together, a leading radar speed detection equipment manufacturer.
Strategic Advisor Mark Lyle has spent two decades in the electronic hardware space, previously co-founding Universal Microwave Corp., a designer, and manufacturer of electronic components essential to cellular infrastructure and high-speed data communications, as well as satellite and flight guidance systems. Mark is also currently the founder and CEO of Atmos Home, a smart home technology startup.
Why Invest
Tech for a post-COVID world
With our scientifically proven sanitization method, four pending patents, and stellar team, we are confident CleanCash is poised to rise to this unique moment in history and become a mainstay in point-of-sale terminals around the country.
Offering Summary
Company | : | SaniCash Inc. |
Corporate Address | : | 7397 S. Suncoast Blvd., Homosassa, FL 34446 |
Offering Minimum | : | $10,000.00 |
Offering Maximum | : | $1,070,000.00 |
Minimum Investment Amount(per investor) | : | $250.00 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 1,000 |
Maximum Number of Shares Offered | : | 107,000 |
Price per Share | : | $10.00 |
Pre-Money Valuation | : | $8,463,800.00 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investment Incentives and Bonuses*
Time-Based:
Friends and Family Early Birds
Invest within the first 48 hours and receive additional 20% bonus shares.
Super Early Bird Bonus
Invest within the first week and receive additional 15% bonus shares.
Early Bird Bonus
Invest within the first two weeks and receive an additional 10% bonus shares.
Amount-Based:
$500 | CleanCash Club
Invest $500+ and receive exclusive access to our owner’s only community where you’ll get access to all the inside CleanCash news.
$1,000 | 5% Bonus Shares + Discount
Invest $1,000+ and receive 5% bonus shares & 10% discount on your initial order plus CleanCash Club access.
$2,500 | 10% Bonus Shares + Discount
Invest $2,500+ and receive 10% bonus shares & a 15% discount on your initial order plus CleanCash Club access.
$5,000 | 15% Bonus Shares + Discount
Invest $5,000+ and receive 15% bonus shares & a 20% discount on your initial order plus CleanCash Club access.
$10,000 | 20% Bonus Shares + Discount + Virtual Team Meetup
Invest $10,000+ and receive 20% bonus shares & a 25% discount on your initial order, an invitation to virtually meet with our founders to discuss the future of CleanCash, and CleanCash Club access.
*All perks occur when the offering is completed.
The 10% Bonus for StartEngine Shareholders
SaniCash, 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 Common Stock at $10.00 / share, you will receive 110 shares of Common Stock , meaning you'll own 110 shares for $1000.00. 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 cancelled 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: Salary payments made to one’s self, a friend or relative. Vendor payments.
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Most recent fiscal year-end:
Prior fiscal year-end:
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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
LumixUV StartEngine Update 6/16/2022
4 days agoCleanCash Investors,
It has been some time since our last update so we wanted to take a moment to share our progress.
First off, we have exciting news. CleanCash’s original goals were primarily focused around disinfecting cash and point-of-sale systems. Since our initial campaign, we have decided that our patent-pending technology is best suited for many high-touch applications in public spaces (think POS systems, ATMs, airport check-in kiosks, etc - see product demo videos: https://www.youtube.com/watch?v=xiG88Spb3p8, https://www.youtube.com/watch?v=xNCIEc1gpB4&t=22s). To reflect this pivot, we have rebranded the company as lumixUV to better reflect these goals.
We have also seen the potential for utilizing our technology in other markets such as consumer-facing disinfection products. In fact, we are excited to announce that our first disinfection product is set to be released on Amazon in the coming weeks!
lumixUV Personal Air Sanitizer:
Our first product to hit the market will be the lumixUV personal air sanitizer. Our cutting edge technology uses UV-C light rather than air filters which are found in most other air purifiers. Our UV-C LED technology is capable of killing viruses, bacteria, and mold in addition to removing foul odors. lumixUV is designed to be as eco-friendly as possible - unlike some competitors who rely on the use of mercury-vapor bulbs, which need to be replaced and are later sent to landfills and are very bad for the environment. The lumixUV personal air sanitizer is connected to the lumixUV app on your phone allowing you to control the air speed, light level, and see the measured air quality in your space. This compact device can be used in a kitchen, a pet’s room, an office setting, driving down the road - the possibilities are endless!
In other exciting news, this past January, lumixUV exhibited at the Consumer Electronics Show (CES) in Las Vegas. If you are not familiar with CES, it is the largest and most influential trade show in the world introducing the newest and hottest tech products before they hit the market. In 2019 alone, CES brought in 182,000 attendees and more than 4,400 exhibits. We took lumixUV to CES and the feedback we received from other startups, investors and the general public was overwhelmingly positive. We are now in discussions with multiple major corporations to potentially add lumixUV disinfection technology to devices such as airport check-in terminals and other high-touch devices in public spaces. Below, we are excited to share a few of the press mentions we received during the convention:
CES 2022 is about to officially start - MarketWatch
CES 2022 Show Goes On Live, Virtual - Tech News World
The latest Covid tech from CES - Irish Times
LumixUV Has A Solution For Business Terminals - Nerd News Social
We also welcome Austin to our team as our Communications Manager with over 5 years of experience in the field. He will be managing all of our social media accounts as well as serving as our liaison to answer your questions. You can also reach him directly at austin@lumixuv.com.
Together we are a team. Thanks to you, our investors, we are able to continue building these revolutionary products within the disinfection industry.
- The Team at lumixUV
CleanCash adds payments industry veteran as new Vice President of Business Development
about 1 year agoCleanCash is proud to welcome Michael La Cross as Vice President of Business Development. Michael will be leading CleanCash’s business development efforts to form partnerships with major brands and retailers. Some of Michaels’ early areas of focus are existing point-of-sale systems providers as well as large hotel chains, as Michael has a great deal of experience and many connections in these verticals.
Michael has spent his entire 28-year career in the payments industry, first joining Southern Datacomm as one of their first employees and VP of Business Development. Michael helped lead the company to a successful acquisition to US Bank, one of the largest payment processors in the world. Michael spent the next 13 years with US Bank as VP of Partner Development before joining the CleanCash team.
We’re extremely excited to welcome Michael to the team, as he brings tremendous talent and extensive industry connections. We’re also excited to welcome several new investors this week, and we look forward to more of you joining us on our mission to make payments safe.
-The CleanCash Team
Notice of Material Change in Offering
about 1 year ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the CleanCash by SaniCash, Inc. offering. Here's an excerpt describing the specifics of the change:
Issuer is extending the length of their campaign.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
CleanCash files new patent for groundbreaking credit card terminal disinfection tech
over 1 year agoAs we have noted previously, credit card terminals are touched by potentially hundreds of dirty hands per day. CleanCash has now developed our most innovative product yet, a credit card terminal disinfection system that simply attaches to the customer’s existing point-of-sale terminal. We have also filed an additional patent on this groundbreaking technology. The system sanitizes the credit card terminal after each customer, making these transactions safe from the transmission of harmful germs, bacteria, and viruses. Due to the simplified nature of this new development, the cost of implementing CleanCash’s UVC disinfection technology will now be dramatically reduced.
We would also like to thank all of our early investors for your support, and we hope that many more of you will join us soon.
-The CleanCash Team
Notice of Funds Disbursement
over 1 year ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, CleanCash by SaniCash, Inc. 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 CleanCash by SaniCash, Inc. 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
Notice of Funds Disbursement
over 1 year ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, CleanCash by SaniCash, Inc. 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 CleanCash by SaniCash, Inc. 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
CleanCash Covered in Yahoo Finance!
over 1 year ago
Hello CleanCash investors and followers,
We’re pleased to announce we were recently featured on Yahoo Finance as they covered our proprietary UV-C light disinfection technology!
We’ve been hard at work continuing our prototype development of the CleanCash retail payment disinfection system. We are extremely grateful and wanted to take a moment to thank all of those who have invested in and followed CleanCash.
Together, we can continue to strive and reach new heights.
Check out our press release below, and please share with your friends, families, and your networks.
https://finance.
Onwards and upwards,
Nevin Jenkins
Amount of cash in circulation is soaring making it more important than ever to implement disinfection
over 1 year agoCash is dirty, harboring up to 3000 types of bacteria, and making it a potential risk to transmit germs – so much so that Chinese banks have been ordered to sterilize their cash in hopes of preventing the spread of disease.
A new report reveals that the amount of cash in circulation in the US over the last year grew at a rate not seen since the end of World War II. With soaring amounts of cash in circulation, it’s more important than ever to be disinfecting it before germs are passed – now is the time for CleanCash.
Notice of Funds Disbursement
over 1 year ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, CleanCash by SaniCash, Inc. 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 CleanCash by SaniCash, Inc. 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
CleanCash Development Update 12-14-20
over 1 year agoHello CleanCash investors and followers,
We’ve been hard at work continuing our prototype development of the CleanCash retail payment disinfection system. We wanted to take a moment to share some of our progress in the following video:
Thank you to all of our investors who are supporting us on this mission to make the future of retail payments safe and we look forward to many more of you joining us soon!
- The CleanCash Team
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