Introduction
Delivered through a global online platform, FinLitX Global Corporation provides financial literacy and life skill learning using artificial intelligence, autonomous machine learning, gamification and a generous reward system.
Our leadership team has more than 75 combined years experience in successful corporate management and scaling.
The FinLitX Platform aims to fill the greatest education gaps confronting both university and non-university education systems.
Problem
Financial illiteracy is a socio-economic problem facing the world’s population today. Lack of financial management skills can be directly related to food insecurity, malnutrition, childhood obesity, mental health problems, higher debt, child and adult delinquency, increased crime, higher prison populations and early death.
With states now requiring students to be given some form of financial literacy education, and a growing global demand, school systems fail to have the qualified teachers or space to offer a high level accredited program. Children continue to suffer.
Globally, financial illiteracy can contribute to poverty, lack of healthcare access, increased disease, environmental and community change. Yet, U.S. Citizens should not be fooled. The U.S. adult financial literacy level at 57% is only slightly higher than that of Botswana, whose economy is 1,127% smaller.
Solution
FinLitX is building a cloud-based Financial Literacy platform that is designed to allow school systems to offer curriculum at scale, and consumers to achieve financial literacy through an app download. Below is an actual picture of the completed MVP - Minimum Viable Product.
The FinLitX platform was curated in artificial intelligence, deep predictive learning, and advanced multi-language processing. Our platform plans to allow large learning institutions to scale to simultaneous individualized instruction in the thousands; a major problem facing education systems, specifically how to reduce cost, increase the quality of education, and at the same time scale to service the projected 18% increase through 2030.
Success To Date
We have received extraordinary acceptance from school districts and institutions across the United States and abroad, including:
- New York City Department of Education/High School of Fashion Industries.
At the beginning of the Covid-19 outbreak, FinLitX successfully launched its Financial Literacy product “Get On the Road to Prosperity” offline learning system to the High School of Fashion Industries, New York City, and became an approved Vendor to the New York City Department of Education. - Community College of Philadelphia with thousands of enrolled students.
FinLitX has completed a beta test with CCP and is pending a formal contract to launch for the 2023-2024 school year. - FinLitX has signed a national marketing agreement with Prosperity Nation, a not-for-profit organization dedicated to advancing the socio-economic standing of youth on a global scale. This partnership allows Prosperity Nation members to utilize and promote the FinLitX platform to its affiliates on a discounted basis and on scale. Watch Kenny Smith’s, NBA (National Basketball Association) Analyst, endorsement of Prosperity Nation.
Business Model
FinLitX is pre-revenue. The FinLitX Platform business plan diversifies potential revenue into six revenue streams. These revenue streams may be generated from B2B, B2C, Government and Institutional contracts.
Market
The global education market is set to reach at least $10T by 2030 as population growth in developing markets fuel a massive expansion and technology integration.
With nearly 116,000 schools within the United States, most of which still use offline in-classroom teaching methods, a massive technology transformation is presently underway to enable schools to reduce costs and scale for continual growth.
The next decade may see an additional 350 million post secondary graduates and nearly 800 million more K12 graduates than today. Asia and Africa are the driving force behind the expansion. The world needs to add 1.5 million teachers per year on average, approaching 100 million in total in order to keep pace with the unprecedented changes ahead in education around the world.
Press
- The Daily Scanner
How D. Alexis Samuels and FinLitX are Modernizing Financial Literacy for Student Achievement - Spreaker from iHeartMedia
D. Alexis Samuels Educating Live - Crypto Current from Apple Podcasts
D. Alexis Samuels Shares Financial Literacy for a Digital World with FinLitx
Team
Use of Proceeds
If the offering's maximum amount of $107,000 is raised:
| Use | Value | % of Proceeds |
|---|---|---|
| Beta Test | $15,000 | 14.0% |
| Marketing & Sales | $86,757 | 81.1% |
| Intermediary fees | $5,243 | 4.9% |
Terms
This is an offering of Common Stock, under registration exemption 4(a)(6), in FinLitX Global Corporation. This offering must raise at least $10,000 by June 28, 2024 at 11:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. FinLitX may issue additional securities to raise up to $107,000, 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:
Financials
These financial statements have been reviewed by an independent Certified Public Accountant.
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.
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.
More Info
Updates
- May 3, 2024FinLitX is happy to announce that we have...
- Jan 2, 2024Greetings for the New Year! We would first...
- Oct 31, 2023FinLitX Global Corporation [FGC] is happy to...
Ask a Question
Proofread your comment before submitting: once it's posted, you can’t edit or delete it. Investors are advised to review our Discussion Board Policy before submitting a comment. For the fastest help with the web site, email help@netcapital.com instead of commenting.
Looking to raise capital?
We can help turn your friends, family and customers into investors.
Interested in more investment opportunities?
Browse all offerings currently available.