Company Summary: GivBux Inc.

Business Description

• Core Focus: Development and operation of the GivBux Super App, a Fin-Tech mobile wallet platform.
• Main Functionality: A super app that integrates:
  • Point-of-sale payment system via a consumer’s Mobile Wallet.
  • Rewards earning and redemption.
  • Charitable donations.
  • Merchant communications and social media integration.
  • Blockchain technology, AR (augmented reality), cloud biometrics for account security.
  • Real-time purchase capabilities at retail brands and venues globally.

Operations

• Target Users: Over 20,000 app downloads, with active members monitoring through app activity.
• Current Users: 11,202 active Users (as of December 31, 2024).
• Merchants: 258 (97% national brands, some local/independent retailers).
• Charities: 140 registered charities.
• Associates: 1,233 individuals involved in recruiting users, merchants, and promoting the platform.

Revenue

• Fiscal Year 2024:
  • Transactional Revenue: $325,962
  • Subscription Revenue: $61,329
  • Total Revenue (2024): $387,291 (a 99% increase over 2023)
• Fiscal Year 2023:
  • Total Revenue: $4,366.97

Financial Performance

• 2024 Net Loss: $3,316,192
• 2023 Net Loss: $1,106,962
• Assets (as of Dec 31, 2024): $23,137 (mainly cash)
• Liabilities (as of Dec 31, 2024): $3,132,468 (including related-party and convertible notes payable)
• Working Capital Deficit: $3,109,331

Employees

• Full-Time Employees in the US: 4
• Full-Time International Staff: 14

Other Details

• The company is in the Beta testing phase, with ongoing campaigns for influencer recruitment.
• The platform features rewards for purchases, charitable donations, social communication, and merchant integration.
• Focused on expanding merchant acceptance, especially locally.
• Management: Has limited experience managing a public company; primarily funded by founder Kenyatta Jones through advances.
• Regulatory Status: Filed as an SEC reporting company (Form 10), OTC Pink Market listed under symbol GBUX.
• Business Objectives: To develop the GivBux Super App further, expand merchant network, enhance user engagement, and grow customer base nationally and internationally.

Summary

GivBux Inc. develops a mobile super app combining payments, rewards, social interaction, and charitable giving. It operates with limited users and employees at present but aims to rapidly increase adoption through marketing, network marketing, and merchant recruitment. The company reports significant losses, with revenue primarily from app subscriptions and merchant commissions, and is supported by founder funding and convertible notes.