Benzinga Money is a reader-supported publication. We may earn a commission from the advertisers associated with this article. Read our Advertiser Discloser.
Partnered with Amazon, Walmart & Target, this start up announces the deadline to invest this year is 12/20.
You see a shocking number of ads daily – researchers estimate between 6,000 and 10,000 and 375 to 625 per waking hour. In the modern age, most of them come from social media apps whose entire business model revolves around constantly showing you ads and keeping 100% of the revenue. But what if users got a share? That company might just grow its revenue by 32,481% in three years, help users earn and save $325 million and be named Deloitte's fastest-growing software company in North America. That’s what Mode Mobile did. You can still get in for just $0.26 per share with a $1,000 minimum.
Reaching Financial Stability One Tap at a Time
Most Americans can’t afford a $1,000 emergency bill. That means many are one car breakdown or ER visit away from serious financial trouble. There's no quick fix to such a big financial challenge that over 50% of Americans face. However, it's safe to bet that the masses will flock to any good solutions. Mode Mobile created one such solution years ago by allowing people to earn money doing what they already spend a third of their waking hours on – tapping, scrolling and looking at their smartphone screens.
Mode Mobile developed a smartphone called EarnPhone, which allows users to earn and save money by playing video games, listening to music and reading the news. With the phone priced at an affordable $99, the barriers to adoption are low. However, users can earn income on their existing devices as well. This extreme competitiveness has allowed Mode Mobile to attract over 45 million registered beta users. Launching the finalized version could bring in millions more, helping the company reach its goal of $150 million in annual revenue within three years.
6,955,000,000 Users to Go
Currently, seven billion smartphones worldwide provide functionality or entertainment but take all the profits. Mode Mobile’s disruption offers the same benefits but allows users to earn money at a time when the prices of goods are skyrocketing. Just like Airbnb lets users earn extra cash by renting out their bedrooms and Uber allows users to make money on their rides back home from work, Mode Mobile wants to enable its users to make money from their phones. However, its total addressable market is much larger than Airbnb’s and Uber’s – currently at over $1 trillion.
You can invest in Mode Mobile at $0.26 per share, meaning you’ll get 3,846 shares for $1,000. Additionally, if you tune in for the company’s upcoming webinar, you’ll get 20% more shares on any invested amount. All funding rounds open to non-accredited investors, including Mode Mobile’s, are limited in time. So, if you’d like to be part of the future it's building, consider acting soon.
Check Out Our Reader Favorite Start Ups
Disclaimer:
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT IS AVAILABLE HERE.
Disclaimer: Please be advised that alternative investments carry a risk of monetary loss. Neither Benzinga nor its staff recommends that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. All information contained on this website is provided as general commentary for informative and entertainment purposes and does not constitute investment advice. Benzinga will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on this information, whether specifically stated in the above Terms of Service or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.