1787fp
Everything you need to take control of your finances – in one place.
Introduction
Managing finances is time consuming, but everyone has to do it. Today, investors visit multiple websites to track their financial accounts.
1787fp’s financial software makes it easier for investors to work towards financial independence and take control of their finances.
Why We're Doing This
Wealthy clients and institutions have had access to the best advisors, money managers, and processes for years. After I obtained my CFP® license four years go, I thought that there had to be a way to offer young emerging affluent clients the same systems that wealthy clients and large institutions have used for years to build and maintain wealth. I thought, “Why should only the rich have access to wealth-building secrets, processes, and tools?”
1787fp was founded at the University of Virginia Darden School of Business to democratize the financial planning and financial services. At 1787fp, we want to help the next generation of investors build financially independent futures!
What We Do
We build software that makes it easy for consumers to track their finances, manage investments, and make mobile payments.
Problem
Managing finances is time consuming, but everyone has to do it. Today, investors visit multiple websites to track their 401(k), banking accounts, IRAs, car loans, and brokerage accounts. 1787fp’s software allows customers to take a more disciplined approach to managing their finances.
To track their assets and liabilities and to monitor progress, investors today use the services of multiple companies and vendors for financial planning advice, investment advice, investment management, financial education, investment research, and banking.
Solution
We are building a one-stop financial management platform for investors that is clean, elegant, and user-friendly — a service that customers love and will use every day.
1787fp offers mobile/web software for financial planning and investments. 1787fp will offer mobile apps on the Apple App Store and Google Play.
Product Demo
The Market
Millennials are the largest segment of the United States population! Millennials love their mobile devices.
According to the survey by the Pew Research Center, a whopping 86% of people aged 18 to 29 have a smartphone.
We build software that makes it easy for consumers to track their finances, manage investments, and make mobile payments.
Total Addressable Market - Over 80 million millennials is USA.
Success So Far
Fintech startup, 1787fp, will showcase its next-generation financial planning app in Startup Alley at TechCrunch Disrupt NY 2017 | May 15-17, 2017
Our venture,1787fp, was one of the 20 ventures selected for the coveted South by Southwest Startup Spotlight (SXSW) in Austin, Texas | March 2016
1787fp was named a 2016 FinDEVr Top Robo-Advisor and Investment Platforms by Robo-Advisor Pros | December 2016
1787fp won the Press/Media Favorite at FinDEVr Silicon Valley 2016 | October 2016
Recent Press
Robo Advisor Pros Best from FinDEVr
1787fp wins 2016 FinDEVr Silicon Valley Press Media Award
1787fp selected for the 20 Coveted SXSW Startup Spotlight for 2017
Business Model
Software as a Service:
- Asset Based Investment Management Fees
- Payments
Go To Market:
- We will use paid search and targeted social media ads to acquire new customers.
Team
We are building a talented team of engineers, designers, and execs to disrupt financial services.
We have two full-time engineers that are building the software, and we have two full-time business execs.
As we grow, we plan to hire more skilled employees to help us build a winning venture.
University of Virginia Darden Graduate School of Business MBA ’17
Jean Borno has over 15 years’ experience as a financial advisor. He is a CERTIFIED FINANCIAL PLANNER professional, and Jean was named a Washington Five Star Wealth Advisor in 2015 and 2016. Jean has worked at Merrill Lynch and Morgan Stanley as a private wealth advisor, and he recently completed his studies for an MBA from the University of Virginia Darden School of Business.
University of Virginia Darden Graduate School of Business MBA ’17
World Champion, Global Management Challenge 2011 (largest strategy and management competition in the world, simulation-based).
Alex Shasho is the director of investments for 1787. He has a Ph.D. in economics and he is a CFA charterholder. Alex has a master’s in finance; he has recently received his MBA from University of Virginia Darden School of Business.
MS in Engineering from Columbia University
Richa holds a master’s in engineering from Columbia University. Richa is a proactive and dedicated electrical engineer with a background in computer engineering and a passion for the internet of things, data analytics and software engineering.
As a graduate student at Columbia University, she has worked on her programming skills by undertaking project-based courses and gaining expertise in a variety of areas such as big data, IoT and machine learning.
Become a part of 1787fp
The purpose of this offering is to help finish the software development. The funding will go towards development and marketing the application.
This is an offering of Common, under registration exemption 4(a)(6), in 1787 Financial Corporation, Inc. , doing business as 1787fp. This offering must raise at least $10,000 by June 19, 2017 at 4:00pm ET. If this offering doesn’t reach its target, then your money will be refunded. 1787fp may issue additional securities to raise up to $100,000, the offering’s maximum.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
8,158,730 shares × $0.63 per share = $5,140,000 implied valuation
Financials
The company has not previously raised seed capital. The company is now looking to raise additional capital in order to increase development activity, finish the creation of the 1787fp assets, and expand the core team.
1787fp’s official name is 1787 Financial Corporation, Inc. , so that’s the name that appears in the statements below.
1787fp’s SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Ask 1787fp a Question
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Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.