Pin

Pin

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Provides the back office, legal framework, and handles yearly taxes to enable groups to raise VC funds from communities of people. Learn more

Launch date
Employees
Market cap
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Net debt
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Enterprise valuation
$22—34m (Dealroom.co estimates Aug 2022.)
New York City New York (HQ)

Financials

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DateInvestorsAmountRound
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$5.6m

Seed
Total Funding000k

Recent News about Pin

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**Company Overview: PIN (getpin.xyz)**

PIN is a startup that simplifies group investing by handling all the administrative, legal, and tax-related tasks required for communities to invest in startups together. The company operates in the financial technology (fintech) sector, specifically focusing on collective investment opportunities. PIN serves a diverse range of clients, including investment clubs, community groups, and other collective entities interested in pooling their resources to invest in venture-backed startups.

**Business Model and Revenue Generation**

PIN's business model revolves around providing a seamless platform for group investing. The process begins with a short survey where users provide information about their community and investment preferences. PIN then takes over the administrative burden, which includes signing documents, updating compliance and tax information, and wiring investments. Once the fundraising is complete, PIN transfers the necessary details to the group, enabling them to start investing.

The company makes money through service fees charged for handling the administrative, legal, and tax work. These fees are likely structured as a percentage of the total investment or as a flat fee per transaction. Additionally, PIN may offer premium features or subscription plans for enhanced services, such as advanced tax support or exclusive investment opportunities.

**Market and Clients**

PIN operates in the growing market of fintech, specifically targeting the niche of group investing. The platform is designed to cater to all types of communities, from small investment clubs to larger, more organized groups. By automating the complex and often tedious tasks associated with group investments, PIN makes it easier for these communities to focus on their investment strategies and goals.

**Key Features**

1. Comprehensive tax and admin support: PIN handles all tax filings for the investment club and its members throughout the lifecycle of the club.

2. Easy setup: The platform simplifies the process of setting up an investment club, allowing users to invite members and track progress in real-time.

3. Simple onboarding: Members can commit to an investment club in just four steps, all managed in one place.

4. Legal and tax work: PIN manages all the necessary legal and tax obligations, ensuring compliance and reducing the administrative burden on users.

5. Value-driven rewards: The platform enhances community engagement through social features and gamification, encouraging active participation and collaboration.

**Keywords:** Group investing, fintech, investment clubs, admin support, tax filings, legal compliance, community investing, venture-backed startups, seamless platform, automated processes.