We’re on a mission to help people painlessly save and grow their money – and to do it in a way that better aligns with their values and lifestyle.
People are WORTHY of a better return, a more level investment playing field, and a more secure financial future so we are working to make that happen. We do this by bringing higher-yielding alternative investments to the masses and helping them painlessly build a nest egg. The investment type we offer was previously only open to the wealthy but we used new securities laws in an innovative way to bring our product - a $10 dollar, 5% interest earning bond - to the mainstream consumer. Isn't it time that the 98% have a better way to save?
We designed our product to fit into our customer's lives by providing 3 easy ways to buy the bonds. Bonds can be purchased "on demand" by simply clicking the "buy bonds" button in our app, by scheduling a recurring "set it & forget it" monthly investment, or by participating in our "round-up" program which tracks the spare change from our client's everyday purchases (rounding-up every transaction they make to the next whole dollar amount) and when this amount hits $10.00 a bond is added to their portfolio. Our "Worthies" are tucking money away - and growing it at a fixed 5% - in the background of their lives!
Our primary customers are those who are anxious about their financial future - whether it is the 1 in 3 Americans not saving for retirement or the 46% who struggle to have $400 on hand for an emergency (Federal Reserve Economic Wellness survey). We are also focused on helping millennials as they face a changing employment landscape in which on-demand, "gig economy" jobs make it hard to save money as they do not offer a financial safety net such as employer sponsored savings programs.
So help us make the world a better place...where money works for everyone.
Investment
$5/share of Common Stock│When you invest you are betting the company’s future value will exceed $6M
For details on the bonus, please see the Offering Summary below.
- Sally Outlaw, Worthy CEO
After 9 months of successfully navigating through the SEC review process, our Worthy bonds were qualified for sale earlier this year. Sales have been growing "up and to the right" ever since! Now we just need the fuel to fund a robust marketing budget to spread the Worthy word!
It's clear from our initial sales that we have product-market fit - when prospects get introduced to Worthy, they join and buy bonds! (Don't feel left out - you can buy them too at worthybonds.com!)
Our Worthy milestones:
We have built our proprietary bond management platform, had our bonds qualified for sale by the SEC, and we are launched and selling to the public... given our product, team, market, and early traction, we are an exciting investment prospect!
How Does It Work?
Worthy is a mobile app that helps users gather and grow a nest egg by rounding up their daily purchases and investing this spare change into a 5% interest earning bond.
As an alternative to stocks and low interest savings accounts, Worthy offers a proprietary, SEC registered bond. Priced at just $10, everyone has the chance to start building an emergency fund or nest egg. By enabling users to automatically micro-invest while they shop (via round ups), Worthy offers an easier way to invest and make an impact – without users having to alter their habits or behavior. Worthy empowers a new generation of investors to get the growth, yield and access to innovation they deserve.
In addition to the returns generated to Worthy users from the 5% interest paid, Worthy seeks to grow users’ portfolios by partnering with merchants and having those merchants contribute cash back to our users when they shop. Participating merchants will benefit from this cash back/loyalty program while Worthy users will literally be investing in themselves every time they swipe their debit or credit card.
Along with offering an attractive yield to all classes of investors, the Worthy bond proceeds are used to provide asset-backed loans to America’s growing businesses – the backbone of the US economy. This provides solid returns and a lower risk profile than traditional loans and other investment instruments. People are worthy of a better and more secure return, and we are dedicated to making that happen by bringing institutional quality investments to the masses.
Not only can Worthy help users grow their money, but we can save them money if they ever need to borrow by linking them to lower rate loans from peer-to-peer lending marketplaces. Whether the capital is for consolidating debt, home improvement, or refinancing student loans, these online marketplaces offer borrowers a lower cost of credit as they forego the complexity and overhead of traditional banks.
Worthy highlights:
Invest with purpose. It's time to use our money and direct our investments to help shape the world we want to live in. We at Worthy are working to change the face of finance as we believe everyone is worthy of economic security.
Worthy combines a unique financial product (our 5% interest bearing bonds) with an inventive delivery tool (our round-up app) making it easy for anyone to save.
Our bonds are one of the few, higher-yielding financial products open to the retail investor that boosts Main Street not Wall Street - therefore offering a social return in addition to a financial one. We are also fee free...we know you have better things to do with your money!
Additionally, unlike most other investing apps, we own the underlying financial vehicle, the 5% bond. This is a proprietary product that we engineered and successfully qualified with the SEC via a 9 month process so this provides a bit of a barrier to entry to other competitors given the time, costs, and challenges of getting a product through the SEC registration process (each offering is unique and never guaranteed to be qualified).
We also built our own technology platform for handling the digital bond management and sales which adds additional value to our venture. Give it a try at worthybonds.com!
Worthy's proprietary bonds are only $10.00!
The Worthy app rounds-up every purchase you make and invests the spare change.
75 million millennials needing to save...and 47% of Americans don't even have $400 for an emergency.
Fixed 5% annual interest to grow that nest egg fast!
Alternative investments are rapidly moving into the mainstream. Retail investors, confronted with volatile financial markets and the underfunding of their own retirements, are now following the path blazed by wealthy individuals and institutional investors in seeking a better financial return. These classes of investors had access to a variety of higher-yielding, investment opportunities that the masses were not allowed to have - such as stock in growing private companies and lending money to creditworthy consumers or businesses. This changed with the passing of The JOBS ACT in 2012, which altered long-standing securities laws and opened up these types of alternative investments for the rest of us.
Fueled in part by these new laws, a distrust of old guard financial institutions, and investors growing desire to have their money make a social impact, we believe both borrowers and investors are flocking to alternative, and more community focused, financial products to meet their capital needs and to diversify their portfolios. PriceWaterhouseCoopers projects investor allocation to alternatives will grow nearly 10% a year, reaching $13 trillion in volume by 2020. Worthy is already playing a part in this historical shift.
Bottom line is the 98% need a more stable financial return and Worthy has created a product to help.
Why Alternative Investments Are Worthy
According to most investment advisors, one of the important rules of portfolio management is to combine assets that make money independently and don't correlate with one another. Having investments in areas that react differently to the same event (such as a political development or a new tax proposal) can balance an investor's risk and protect against loss.
Investors Need Diversification. A blended portfolio of traditional (such as stocks) and alternative investments (such as real estate, precious meals, private lending, etc) offers benefits in performance and a reduction in volatility.
Portfolios Need Non-Correlation. To protect from market swings, investors need assets in their portfolios that don't directly correlate to movements in traditional investments such as stocks and ETF's.
Since diversifying investments across asset classes can improve your chances of not losing your money (SEC, investor.gov), Worthy's fixed interest bonds can be a good addition to a diverse portfolio. And...they are bonds that act more like a savings account as funds can be deposited into or withdrawn from Worthy accounts at any time without fees or penalties.
We are all in this for the right reasons so we are motivated and passionate about addressing the problem and about helping our clients thrive. Aside from this, we have backgrounds that align with our product - including the fact that the founder is a registered investment advisor and pioneer in the online capital/crowdfunding industry. Our management team also includes a securities lawyer and former investment banker, However it's the team's intangible assets that ensure our ability to execute successfully - such as character, integrity, sincerity, creativity,humor, tenacity, and problem solving. And we have strong chemistry as a team. We eat, sleep and breathe this product and mission and will not stop until Worthy is in everyone's hands!
We also believe in treating our customers with transparency & respect -- hence this recent comment from one of our users:
"Sally, I really appreciate your direct communication with me on my questions. It makes the experience feel more personal and makes me feel as if I am not forgotten, especially coming from someone of your position within the company. Not many businesses will take the time to do that with their clients these days. So, for that, I say thank you..again and again!"
Worthy Causes
We have heard from a number of non-profits that Worthy is the perfect solution for painless fundraising as supporters can use our free round-up app to help fund the causes they care about with every purchase they make. Not only can the participating non-profits benefit from the accumulated rounded-up spare change but the bonds bought with that change grows at 5%! A great return for great causes!
Given the interest from charities and others wanting to use Worthy as a funding tool, part of the proceeds from this raise will go towards the development of a Worthy Causes version of our current mobile app.
A Worthy Retirement!
We hear it all the time - start saving early for retirement. But few of us are able to given the demands on our income (including those student loans!). Worthy wants to help our users to at least start tucking away whatever they can, even if it's $10.00 at at time...it does add up!
In order to allow for tax-advantaged savings for our users we need to integrate our platform with the service providers such a custodians that enable us to open retirement accounts. This is another aspect on our Worthy roadmap that your investment will help make possible!
Join Us in Offering Economic Opportunity for All
We want to help lift the financial burden off those who suffer from this stress. One of the few ways to grow a financial cushion is through access to higher-yielding investment returns but we believe these asset classes are normally only reserved for the wealthy so we used new securities regulations to create a product that would be open to ALL. This is also about fairness - for 80 years the securities laws kept the 98% from accessing opportunities for real financial growth.
We invite you to join us on our mission to create a more equitable economy.
The automation of “micro-alternative investing,” coupled with a more inclusionary regulatory regime, has the potential to serve a limitless number of investors. This formidable combination also has the power to attract first-time investors and create new and grander distribution channels.
Each week, FinTekNews features a thought leader within a unique sector of fintech and asks them to answer just 3 questions for their audience.
Maximum 21,400* shares of common stock ($107,000)
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Minimum 2,000 shares of common stock ($10,000)
| Company | Worthy Financial, Inc. |
| | |
| Corporate Address | 4400 N. Federal Hwy. Suite 210-12, Boca Raton, FL 33431 |
| | |
| Description of Business | Worthy Financial is a Fintech company providing financial products and services to Millennials and other population segments making up the 98% of unaccredited investors unable to access savings and investment products. Savings is primarily by use of a mobile app that "rounds up" credit and debit card purchases to the next higher dollar until the round ups reach $10, at which time the user, purchases a $10, 5% interest bearing SEC qualified bond. An investor can also purchase a $10, 5% bond independent of the app. |
| | |
| Type of Security Offered | Common Stock (the "Shares"), |
| | |
| Purchase Price of Security Offered | $5.00 |
| | |
| Minimum Investment Amount (per investor) | $250 |
The 10% Bonus for StartEngine Shareholders
Worthy Financial, Inc. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.
StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date. This means you will receive a bonus for any shares you purchase. For example, if you buy 100 shares of Common Stock at $5 / share, you will receive 10 bonus shares, meaning you'll own 110 shares for $500. 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 for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.
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.
Wow - such amazing support for our campaign rolling in during these final hours! We will be forever grateful for the backing from all of our new Worthies and we look forward to continuing to build the company together! THANK YOU AGAIN for believing in us, our mission, and in the importance of investing in growing America's small businesses!
As our campaign soon comes to a close, we wanted to THANK EVERYONE for their awesome support! So many good things have happened to us here at Worthy since we launched this opportunity on Start Engine. Our sales have grown into the millions, we've been venture backed by an awesome investment fund, we've been able to deploy capital out to American companies via secured loans so they could fulfill customer orders and grow...but the BEST part is that hundreds of total strangers took their time and hard earned dollars to join our mission. Through your support of Worthy, YOU are each helping to level the financial playing field and open economic opportunity for all. Thank you for helping us bring a little more fairness to finance and for helping your fellow humans have a more secure financial future. YOU ARE WORTHY INDEED!
Sally is presenting on the topic of Fixed Income Alternative Investments at The Money Show next month. If you're attending the show, please come and say hello! (1:00 February 9th in Orlando!)
HAPPY NEW YEAR to all of our supporters and shareholders! We are pleased to report we crossed over 3 million dollars in bond sales...we are looking forward to continued fast growth in 2019! Onward and upward!
Season’s greetings from our team at Worthy. As 2018 comes to a close, we extend our warmest wishes for the Holiday Season. We are grateful for the incredible support we received from our community and investors this year and are excited to continue to pave the way towards fairer finance. May 2019 bring you and your loved ones happiness, prosperity and financial freedom. Cheers!
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Worthy Financial 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 Worthy Financial 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
We are excited to announce that we have accepted an investment from The jump Fund, whose mission is to seed and grow strong female led ventures in the Southeast. With less than 1% of companies nationwide attracting venture capital, we are honored to now be in that club and to have this incredible vote of confidence in what we are building with Worthy! We welcome The Jump Fund aboard and are grateful to have their support, expertise, and of course capital behind us! Onward and upward!
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Worthy Financial offering. Here's an excerpt describing the specifics of the change:
Extending campaign by 60 days.
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.
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Worthy Financial 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 Worthy Financial 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
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