Company Summary: WidFit Inc.

Business Overview

• Founded: December 13, 2021
• Incorporation State: Nevada
• Headquarters: Jabotinsky Street 3, Hod Hasharon, Israel
• Business Stage: Development stage company with no revenues or significant assets as of December 31, 2023
• Assets (as of Dec 31, 2023): $37,307
• Liabilities (as of Dec 31, 2023): $8,500
• Net Loss (2023): $7,560
• Net Loss (2022): $28,687
• Employees: Currently, only one employee—Shahira Wely, the CEO, President, Secretary, and Treasurer
• Subsidiaries: None

Core Business and Product

• Development of an Internet Browser:
  • The browser aims to give users control over their online data privacy and monetization.
  • Users can choose between:
    • Privacy Mode: Protects personal browsing data.
    • Advertising Mode: Allows users to earn points by viewing ads or clicking links, which can be redeemed for cash, vouchers, or donated.
• Business Model:
  • Revenue will primarily come from affiliate programs.
  • Users in "affiliate mode" will receive 80% of affiliate revenue generated from their browsing activity, with the company retaining 20%.
  • Users can earn points through ad interactions, which are redeemable or donate-able.
• Market Approach:
  • Initial target is the United States.
  • Competition includes major browsers like Chrome, Safari, Edge, and smaller competitors such as Gener8 and Brave.
• Intellectual Property:
  • Will rely on open-source Chromium code.
  • No patents owned; protections via trademarks, trade secrets, and confidentiality agreements.

Current Status

• Customer Base: None (no revenues or active users reported)
• Revenue: None generated to date
• Employees: One (the CEO, Shahira Wely)
• Financials:
  • No revenue, net loss in 2023 of $7,560
  • Minimal assets and liabilities mainly consisting of cash held in trust and related-party loans
• Operations: In the development stage with plans to develop and launch an internet browser providing privacy and monetization options.