{"data":{"type":"company_profile","id":147359,"entity_id":"wefunder:company:147359","attributes":{"canonical_url":"https://wefunder.com/wolfpack.financial.inc","generated_at":"2026-06-14T02:57:46Z","updated_at":"2026-06-13T05:01:22Z","entity_ids":{"company":"wefunder:company:147359","slug":"wefunder:company_slug:wolfpack.financial.inc"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-14T02:57:46Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-13T05:01:22Z","as_of":"2026-06-14T02:57:46Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-13T05:01:22Z","as_of":"2026-06-14T02:57:46Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-14T02:57:46Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-14T02:57:46Z","confidence":"medium"}}},"company":{"id":147359,"entity_id":"wefunder:company:147359","slug":"wolfpack.financial.inc","name":"Wolfpack Financial Inc","tagline":"Buy-Now-Pay-Later for stocks through our proprietary trading, lending, and education platform","story":"Wolfpack is a self-directed trading platform that helps beginners and inexperienced investors discover what stocks and ETFs to invest in, trade in and out of positions, and grow their portfolio over time. The product has been designed to cater for both the Business to Consumer (B2C) and Business to Business (B2B) market segments.Our innovative Patent-Pending Booster Loans are a new Buy-Now-Pay-Later (or \"BNPL\") product for stocks and ETFs. The technology allows a customer to use smart leverage to purchase assets and pay them back over a fixed 10-week repayment schedule. Booster Loans are the only fully collateralized Buy-Now-Pay-Later product on the market.Wolfpack also includes core features such as a trading platform, a discovery tool, and premium data services and education offering, all built into a world-class integrated app design.Visit wolfpack.com for more information. Wolfpack was launched in April 2022 via a soft launch to a limited audience. In a short period of time, the product has reached over 3,600 registered users and in excess of 1,400 brokerage account applications. This represents a 56% conversion rate from app install to brokerage account application for US residents, which is a strong conversion rate.Wolfpack has also built out an opt-in email list of over 13,800 customers. With in excess of 3,600 app user registrations, this represents circa 26% conversion rate, which is well above industry averages.Wolfpack ran a soft-launch marketing campaign and achieved $2.50 customer acquisition costs (CAC). With a 56% conversion rate for US residents, brokerage account application CAC was circa $6.40, which is one of the lowest in the industry. These CAC metrics verify the strong interest in the Wolfpack app. We have signed our first enterprise contract with a Referral Partner, which will unlock access to dozens of prospective enterprise licensing opportunities.Many beginners and inexperienced investors may not qualify for a Margin Loan.Typically, a customer would need to have a minimum $2,000 deposit, a strong credit history (such as a FICO score), and complete a complex application form. These restrictions make it almost impossible for the average customer to access margin lending.In addition, most customers are not familiar with the mechanics of how a margin loan works. Millennials and Gen Z customers are becoming more interested in starting their investment journey. However, many existing services are not mobile friendly, outdated, overwhelming, and expensive.Traditional financial products fail to cater for this growing market segment.Booster loans are designed to service this unfulfilled need, by allowing customers to access point-of-sale smart leverage similar to their Buy-Now-Pay-Later products they are familiar with using. They allow a customer to break down a lump sum payment into manageable instalments.A customer can chose to either repay the Booster Loan via a weekly payment plan, or they can select for Wolfpack to automatically sell down a fraction of their shares to meet their weekly loan repayment instalment. For example, take Amanda. A 20-something college graduate who has just started her new job. Amanda doesn't have a FICO score. She only has a total of $500 in savings, and has limited disposable income from her first job.Amanda simply would not qualify for a margin loan.However, with Wolfpack, Amanda can purchase $200 worth of a stock such as Tesla or Apple. Based on her personal profile, Amanda would be offered up to $200 in Booster Loans at the point of sale (ie. when she is about to purchase the $200 in stock). This bumps up her total investment to $400.Amanda will need to repay $20 per week for the next 10 weeks in order to meet her repayment obligations. She can choose to either automatically pay the $20 from her bank account, or choose for Wolfpack to automatically sell down $20 worth of stock to cover the repayment.The advantage to Amanda is that she can manage her investments and repayment schedule to meet her personal cashflow and circumstances. She is also steadily growing her investment portfolio over time, maintaining her lifestyle, while balancing her financial obligations.All Booster Loans are secured against the customer's share portfolio. This will significantly reduce typical BNPL loan default rates.Our proprietary portfolio management software ensures that risk management of both sector and stock exposure is mitigated. The technology dynamically monitors the portfolio mix, and adjusts Booster Loan offers depending on pre-determined thresholds.For example, we can set the maximum exposure to a stock such as Apple to no more than 5% of the overall loan book portfolio. Once this threshold is reached, the system will automatically stop offering Booster Loans to customers who select to purchase that specific stock. At the same time, the system can restrict exposure to a specific sector. For example, we may set the maximum threshold for the Technology sector to 5%. Once this is reached, no Booster Loans will be offered to customers who purchase shares in a particular sector.Booster Loans will be offered to a maximum 50% Loan to Value Ratio (or LVR). Depending on the stock, the customer profile, and our proprietary dynamic market monitoring technology, Booster Loans will be increased and decreased based on automated thresholds and key metrics.For example, if a particular stock has declined sharply within a short period of time, the Booster Loan LVR offered to customers may reduce from 50% down to 25%, or even zero depending on the volatility. This ensures that any stock price volatility is identified and the LVR adjusted accordingly to mitigate any potential portfolio downside exposure.The US market has three key attributes which make Booster Loans possible:Fractional share tradingZero dollar brokerage feesTrade parcel size from as low as $1.00When combined, these three attributes become a powerful tool which can be used to provide our service. No other market in the world has all three attributes currently available. Hence, the US market is our key strategic focus. Booster Loans are scheduled to be launched in late-2024.Wolfpack is a ground-breaking discovery and lending platform which empowers the millennial generation to discover new investment opportunities, easily trade in and out of positions, and grow their overall investment portfolio. The product provides a powerful mobile-first investment and social platform which includes lending features using technology familiar with the target customers.Wolfpack includes premium data services and trade signals. These are designed to help users discover what stocks and ETFs are trending across certain signal parameters. These include both bullish and bearish signals. Wolfpack also includes educational descriptions for many of the terminology used in stock market investing. Customers can choose to either read detailed descriptions about terminology, or listen to an audio file explaining the specific item of interest.Our goal is to help educate beginners and inexperienced investors on the fundamental terminology used in the financial markets. The Wolfpack app includes an innovative referral and rewards program designed to create a viral loop for our customers.When a user creates a brokerage account and deposits a minimum of $100, they are instantly rewarded with a gamification opportunity. They are invited to spin the Wolfpack wheel and win up to $50 in store credit. In addition, customers will receive reward spins for every referral they introduce to the Wolfpack platform who also deposits a minimum $100 into their trading account. These credits can be used to purchase items from the Wolfpack online store. Items includes clothing, caps, accessories, and other items. Wolfpack uses a third party print-on-demand service provider who manages all the order fulfilment and shipping. We do not hold or own any physical inventory. Visit shop.wolfpack.com for more information. There are currently circa 134.3 million millennial and Gen Z consumers living in the US.Over 40% of millennials and Gen Z consumers invested in stocks in 2020 (Source: Charles Schwab Modern Wealth Survey). This represents circa 53.7 million investors.Importantly, millennial workers in the \"gig economy\" identify themselves as entrepreneurs rather than traditional freelance workers. As a result, many are turning to self-directed trading apps in order to take control of their own financial security. Wolfpack has two channels to market: Retail and Enterprise.Our Retail strategy involves launching and promoting the Wolfpack app to all customers who fit our target demographic. This will be done though the promotion of our iOS and Android mobile apps through a number of social media channels.Our retail customer acquisition strategy involves maximising top-of-funnel app downloads, converting registered users to brokerage accounts, increasing user engagement so they become monthly active users (through informative communications, premium data services, and educational features), and ultimately signing up Booster Loans at point-of-sale.The Enterprise strategy involves establishing strategic partnerships with broker dealers and clearing houses who have an existing customer base of investors, however don't have the technology or capabilities to build their own solution. These customers will license the Wolfpack platform through our APIs, as well as white label the Wolfpack mobile apps so that they can be released to their customers.Enterprise licensing is comprised of the following four pillars. Strategic partners can select one of all of these pillars, depending on their specific needs.Mobile app licensing is also available. Wolfpack has an in-house development team which can customize both mobile and platform requirements to meet customer needs. Wolfpack has signed our first enterprise contract with a Referral Partner. This will allow the Company to offer our solutions to dozens of prospective customers introduced via this strategic partnership. The Company aims to achieve circa 100,000 retail monthly active users (MAUs) by 2024 and grow to 1.7 million by 2028.The above forecasts assume an average monthly registered user churn rate of 7%.Forward-looking statements are not guaranteed.Wolfpack will generate revenue from a number of key streams.For Retail, revenues will be derived from Booster Loan interest charges, transaction fees, and monthly premium subscription services.For Enterprise, revenues will be derived from platform licensing fees, premium subscription services, Booster Loan portfolio management fees, and transaction fees.Forecasts are underpinned by a detailed financial model.Wolfpack is lead by an experienced and well credentials Senior Management Team. Wolfpack has partnered with some of the top suppliers in the industry. Access to the Wolfpack platform is made available through our secure and highly scalable API services. Wolfpack won the prestigious 2022 Benzinga Global Fintech Award for \"Best Product for Beginners\" (the 2021 winner was Robinhood - NASDAQ: HOOD).In addition, Wolfpack was selected as one of the Top 50 Fintech Start-ups in North America to participate in the 2023 AWS Global Fintech Accelerator Program.","location":"New York, NY","website":"https://wolfpack.com","total_amount_raised":57385,"total_investors":34,"is_funded":true,"is_active":true,"quality_score":2,"related_urls":["https://wefunder.com/wolfpack.financial.inc","https://wolfpack.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/147359/xxl_blob.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/147359/large_blob.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/147359/standard_blob.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/147359/standard_blob.jpg"},"links":{"company_url":"https://wolfpack.com","linkedin_url":"https://linkedin.com/company/76635748","facebook_url":"https://facebook.com/investingwithbite"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Wolfpack was launched in April 2022 and has existing Monthly Active Users (MAUs)"},{"index":2,"claim_id":"claim-fact-2","value":"Provisional Patent filed to protect our underlying Buy-Now-Pay-Later technology and business model"},{"index":3,"claim_id":"claim-fact-3","value":"Booster Loans are INSTANTLY approved at Point-of-Sale, providing immediate leverage for all users"},{"index":4,"claim_id":"claim-fact-4","value":"Enterprise Referral Agreement signed with major strategic partner, unlocking revenue opportunities"},{"index":5,"claim_id":"claim-fact-5","value":"A soft launch marketing campaign achieved $2.50 Customer Acquisition Costs (CAC)"},{"index":6,"claim_id":"claim-fact-6","value":"Wolfpack has a 56% conversion rate from registered US app users to brokerage account applications"},{"index":7,"claim_id":"claim-fact-7","value":"Winner of the 2022 Benzinga Global Fintech Award for \"Best Product for Beginners\""},{"index":8,"claim_id":"claim-fact-8","value":"Selected Top 50 North American Fintech Start-ups for the 2023 AWS Global Fintech Accelerator Program"}],"team":[{"id":4009482,"entity_id":"wefunder:company_role:4009482","user_entity_id":"wefunder:user:4176248","role":"founder","name":"George Parthimos","title":"Founder \u0026 CEO","bio":"George took his previous connected car start-up technology company public on the Australian Securities Exchange in 2014. In 2007 George was included in Bulletin Magazine's “Smart 100” list, in the same cohort as the Atlassian co-founders.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/4009482/square_blob.jpg?1698053431","profile_url":"https://wefunder.com/george.parthimos","related_urls":["https://wefunder.com/george.parthimos"]},{"id":4009526,"entity_id":"wefunder:company_role:4009526","user_entity_id":"wefunder:user:4176778","role":"employee","name":"Nick Kapes","title":"Chairman","bio":"Nick was a Director of Proprietary Trading at Credit Suisse. He became heavily involved in companies evolving from Venture Capital stage to listing on the Australian Securities Exchange.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/4009526/square_blob.jpg?1701918225","profile_url":"https://wefunder.com/nick.kapes","related_urls":["https://wefunder.com/nick.kapes"]},{"id":4092704,"entity_id":"wefunder:company_role:4092704","user_entity_id":"wefunder:user:4204007","role":"employee","name":"Antonio Panos","title":"Chief Data Officer","bio":"Anthony is a 30 year Financial Service professional who has held several roles in Sales Trading, Head of Sales and Senior/C-Suite Positions. He was the Head of Market Data at Drivewealth, ICE (acquired by IDC) and Activ Financial (now Options IT).","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/4092704/square_blob.jpg?1720649790","profile_url":"https://wefunder.com/antonio.panos.1","related_urls":["https://wefunder.com/antonio.panos.1"]},{"id":4092732,"entity_id":"wefunder:company_role:4092732","role":"employee","name":"Ben Dillon","title":"Head of Marketing","bio":"Ben has over 10 years marketing experience, specifically in the business to consumer space. He oversees the execution of our marketing campaigns, and ensures ad performance based on our internal metrics. Ben has achieved highly effective CAC rates.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/4092732/square_blob.jpg?1720649790","related_urls":[]},{"id":4092733,"entity_id":"wefunder:company_role:4092733","role":"employee","name":"Geoff Parker","title":"Chief Financial Officer","bio":"Geoff is a member of the Chartered Accountants Australia New Zealand and is a former Nexia Australia Audit Partner. He has over 40 years of experience in public accountancy, covering audit, tax and business advisory services.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/4092733/square_blob.jpg?1720649790","related_urls":[]},{"id":4092734,"entity_id":"wefunder:company_role:4092734","user_entity_id":"wefunder:user:4203953","role":"employee","name":"Steven Parthimos","title":"Business Development \u0026 Sales","bio":"Steven focuses on business development and sales activities. He specializes in supporting our existing referral and licensing enterprise partners.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/4092734/square_blob.jpg?1720649790","profile_url":"https://wefunder.com/steven.parthimos","related_urls":["https://wefunder.com/steven.parthimos"]},{"id":4092737,"entity_id":"wefunder:company_role:4092737","user_entity_id":"wefunder:user:4204374","role":"employee","name":"Ankit Patel","title":"Head of Development","bio":"Ankit has developed a strong track record of leading successful engineering teams and delivering high-quality projects. His expertise spans across various industries, with a strong focus on FinTech, Banking, and Telecommunications.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/4092737/square_blob.jpg?1720649790","profile_url":"https://wefunder.com/ankit.patel.9","related_urls":["https://wefunder.com/ankit.patel.9"]}],"featured_investors":[{"id":8080,"entity_id":"wefunder:company_investor_profile:8080","investor_profile_id":3719597,"investor_profile_entity_id":"wefunder:investor_profile:3719597","subject_entity_id":"wefunder:user:4230647","name":"Lorna Soltanian","avatar_url":"https://uploads.wefunder.com/2021/user_default_icon_circle.png","profile_url":"https://wefunder.com/lorna.soltanian","endorsement_quote":"I am investing in Wolfpack because I believe in the power of the democratization of stock trading. Further, I am super excited about Buy-Now-Pay-Later potential of this investment as well. When I look across the landscape of the competition, I am very impressed by the look, feel, price discovery, and ease of set up of Wolfpack. Finally, my expectation is that Wolfpack will easily be adopted by millions, easily support a lot of turnover, grow a new class of investors with Buy-Now-Pay-Later, and be a great investment for me and all WeFunder investors.","investment_total":5000,"investment_info":"Invested $5,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/lorna.soltanian"]}],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":10,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":102509,"entity_id":"wefunder:fundraise:102509","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":1200000.0,"minimum_target":"50000.0","maximum_target":"1200000.0"},{"id":102508,"entity_id":"wefunder:fundraise:102508","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"minimum_target":"50000.0","maximum_target":"1200000.0","funding_started_at":"2024-07-25T19:49:47Z","funding_closed_at":"2024-11-05T05:00:10Z","auto_close_at":"2024-11-05T04:59:59Z"}],"latest_fundraise":{"id":102509,"entity_id":"wefunder:fundraise:102509","state":"successful","offering_type":"4(a)(6)","structure":"ttw","testing_the_waters":true,"can_invest_now":false,"funding_started_at":null,"funding_closed_at":null,"terms":{"eb":"$12M","nb":"$15M","txt":"valuation cap"}},"recent_posts":[],"q_and_a":[{"id":274936,"entity_id":"wefunder:comment:274936","question":"There is so much opportunity to help those who are new/unfamiliar to the stock market, and this is definitely unique. The \"buy now, pay later\" payment option has been described as predatory within the shopping category. How was that considered when building out the company's brand, and any concern with aligning the company and offering with that language given the younger audience? Secondly, is there a plan to add diversity to the leadership team?","author_name":"Dayna Garwacki","votes":1,"created_at":"2024-01-29T04:53:01Z","canonical_url":"https://wefunder.com/wolfpack.financial.inc#question-274936","answers":[{"id":274938,"entity_id":"wefunder:comment:274938","answer":"Hi Dayna. I really appreciate your interest in Wolfpack. You raise two very good questions. Whilst our Booster Loans are a Buy-Now-Pay-Later for stocks, they certainly don't have the predatory aspects which you may find with other BNPL products. For starters, Wolfpack does not charge any late fees or penalties for late payments, and we don't extend the loan term duration. We set out a fixed 10-week repayment schedule up-front which outlines the obligations from both parties. If a customer, for whatever reason, is unable to repay their weekly loan repayment, Wolfpack will automatically sell down their holdings to the value of the weekly repayment amount. This way, customers don't need to stress about meeting their obligations. Secondly, and very importantly, diversity is something we take very seriously at Wolfpack. We will always employ the best people for the job, regardless of their race, creed, gender, color or socioeconomic background. We are an early stage venture and have not had a genuine chance to improve our diversity, however we expect this to significantly improve as we grow our business over time.","author_name":"George Parthimos","votes":2,"created_at":"2024-01-29T05:21:48Z"}]},{"id":274828,"entity_id":"wefunder:comment:274828","question":"How do you do underwriting of borrowers? I know of some companies that ask for bank account transaction information, or do you use credit scores like FICO or VantageScore? There's a large number of Gen-Z / millennials who might be interested in this but might not have a credit score.","author_name":"Michael Fowlie","votes":1,"created_at":"2024-01-27T02:13:40Z","canonical_url":"https://wefunder.com/wolfpack.financial.inc#question-274828","answers":[{"id":274832,"entity_id":"wefunder:comment:274832","answer":"Hi Michael. Thanks for your question. Every Booster Loan is secured against the stocks purchased at point of sale. Therefore, there is no need for a FICO or VantageScore check. We understand the challenges Gen-Z/millennials face in today's world, and want to provide a product which doesn't require any unrealistic minimum deposits, application forms, or credit checks. Wolfpack has been specifically built from the ground up with beginners and inexperienced investors in mind.","author_name":"George Parthimos","votes":1,"created_at":"2024-01-27T02:26:03Z"}]},{"id":272596,"entity_id":"wefunder:comment:272596","question":"What is the interest rate people will pay to borrow?","author_name":"Brett Yer","votes":1,"created_at":"2023-12-25T06:52:35Z","canonical_url":"https://wefunder.com/wolfpack.financial.inc#question-272596","answers":[{"id":272606,"entity_id":"wefunder:comment:272606","answer":"Hi Brett. Great question! Booster Loan interest rates will be slightly above standard personal loan rates. The final number will be confirmed closer to product launch.","author_name":"George Parthimos","votes":2,"created_at":"2023-12-25T15:57:52Z"}]},{"id":295577,"entity_id":"wefunder:comment:295577","question":"Hello - who is the target customer on the retail side? - during your pilot, how long did retail customers use the platform and what is their CLTV? same question for enterprise customers. - How do you expect CAC to increase compared with the CAC during the pilot? How do these compare for retail vs enterprise customers?","author_name":"Mariam Dembele","votes":0,"created_at":"2024-11-02T01:14:09Z","canonical_url":"https://wefunder.com/wolfpack.financial.inc#question-295577","answers":[{"id":295581,"entity_id":"wefunder:comment:295581","answer":"Hi Mariam. Thanks for your questions, and for showing interest in Wolfpack. Our target demographic is effectively millennial and Gen Z investors who aren't eligible to access a margin loan because they lack many of the minimum prerequisites: Low or non-existent FICO score, not enough minimum funds, disinterested in completing application forms, and concerns about the dreaded margin call. Booster Loans address all these issues. With regards to customer lifetime values (CLTV) and customer acquisition costs (CAC), we expect to get visibility of these numbers once we launch our Booster Loan service in early 2025. To-date, revenues have been generated via service contracts and therefore can't be applied to CLTV or CAC numbers. Our existing mobile apps (which are available for download on both the App Store and Google Play today) include all the key features, except for the Booster Loans.","author_name":"George Parthimos","votes":0,"created_at":"2024-11-02T01:27:35Z"}]},{"id":282943,"entity_id":"wefunder:comment:282943","question":"I do not like to use the phone for transactions. Can the laptop be used in place of the phone?","author_name":"Mercile Pierce","votes":0,"created_at":"2024-05-03T12:34:59Z","canonical_url":"https://wefunder.com/wolfpack.financial.inc#question-282943","answers":[{"id":283158,"entity_id":"wefunder:comment:283158","answer":"HI Mercile. We appreciate you stopping by and checking out our campaign. FYI. Our plan is to provide both a mobile and desktop version of the Wolfpack service. Our current product is mobile-only (available on both the iPhone and Android platforms), however the web solution is definitely on our near-term product roadmap. Given the cloud-based technology platform (ie. the \"back-end\") is already built, designing and launching the web interface is fairly straight-forward.","author_name":"George Parthimos","votes":0,"created_at":"2024-05-07T23:43:13Z"}]},{"id":276795,"entity_id":"wefunder:comment:276795","question":"Let's clear the air... you aren't the standard risky Buy Now Pay Later model (and that's good)... you're a much more responsible fully collateralized model. That said, after perusing your website, I couldn't seem to find any reference to BNFL or Booster lending. But you do have a $10 mo subscription cost. If lending isn't offered upfront and you're not free, what is your advantage over other platforms?","author_name":"Jason S.","votes":0,"created_at":"2024-02-21T04:17:30Z","canonical_url":"https://wefunder.com/wolfpack.financial.inc#question-276795","answers":[{"id":276801,"entity_id":"wefunder:comment:276801","answer":"Hi Jason Thanks for your interest in Wolfpack, and for your question. In summary, our Stage 1 product roadmap includes two parts: Part 1: Release a minimum viable product (or MVP) to the market and acquire customers to start using the service, so that we can monitor usage and product-market fit. We have iterated the applications and backend several times to fine-tune the product, and feel we now have the right balance. APIs and white label options are also part of the MVP Part 2: Once we validate product-market fit, we launch Booster Loans. I'm happy to confirm that Part 1 is complete, and we are well on the way to delivering on Part 2. The main purpose of the WeFunder campaign is to help launch Part 2. Also, to clarify, the Wolfpack app is a freemium business model. Anyone can use the application for free and trade stocks and ETFs. If users choose to access more detailed data analytics and signal data, then they have the option to pay the $10 monthly subscription fee. The Wolfpack website will be updated as soon as we launch the Booster Loan service. This is already part of our Stage 1 roadmap.","author_name":"George Parthimos","votes":0,"created_at":"2024-02-21T06:41:39Z"}]},{"id":276649,"entity_id":"wefunder:comment:276649","question":"How many stocks are available to trade on the platform? Considering making a move from etrade and potentially investing in this offering.","author_name":"Joseph Lizyness","votes":0,"created_at":"2024-02-19T00:49:18Z","canonical_url":"https://wefunder.com/wolfpack.financial.inc#question-276649","answers":[{"id":276652,"entity_id":"wefunder:comment:276652","answer":"Hi Joseph Thanks for your question and for considering participating in our WeFunder campaign. Wolfpack uses Trading Block as our Broker Dealer (see www.tradingblock.com for more info). Currently we support over 9,400 stocks and ETFs on the NYSE, NASDAQ, and AMEX markets. We don't support any OTC stocks.","author_name":"George Parthimos","votes":2,"created_at":"2024-02-19T01:44:21Z"}]},{"id":275568,"entity_id":"wefunder:comment:275568","question":"I have a concern regarding the team's involvement with another company named Bet Odyssey. As we all understand the challenges of launching and operating a startup, it's crucial for investors to ensure the team's full commitment to Wolfpack Financial. This raises the question: What allocation of time is dedicated to Wolfpack Financial compared to Bet Odyssey? Additionally, how do you plan to manage and mitigate potential risks associated with simultaneously running both ventures?","author_name":"Nilton Serva","votes":0,"created_at":"2024-02-06T19:48:38Z","canonical_url":"https://wefunder.com/wolfpack.financial.inc#question-275568","answers":[{"id":275635,"entity_id":"wefunder:comment:275635","answer":"Hi Nilton. Thanks for your question. I can assure you that the team are all fully committed to Wolfpack, and my focus is exclusively dedicated to Wolfpack. Bet Odyssey is a start-up I'm involved in, which will have a new CEO appointed to help drive US expansion.","author_name":"George Parthimos","votes":0,"created_at":"2024-02-07T04:24:07Z"}]},{"id":275187,"entity_id":"wefunder:comment:275187","question":"Suggestion re website - change the \"Shop\" hyperlink so it opens in a new tab and therefore a user does not 'lose' the original home page which is probably where the main business is.","author_name":"Dion N","votes":0,"created_at":"2024-01-31T22:11:00Z","canonical_url":"https://wefunder.com/wolfpack.financial.inc#question-275187","answers":[{"id":275191,"entity_id":"wefunder:comment:275191","answer":"Hi Dion. I appreciate the suggestion. I'll have my team look into it.","author_name":"George Parthimos","votes":1,"created_at":"2024-01-31T23:47:49Z"}]},{"id":275157,"entity_id":"wefunder:comment:275157","question":"I have always wondered by borrowing to make an investment has been tabboo but borring to spend on sneakers or a meal is ok. Best wishes for the raise!. Question - Are there any geo-location restrictions on potential users or can they be from anywhere in the world (given AML lists etc)?","author_name":"Dion N","votes":0,"created_at":"2024-01-31T17:16:06Z","canonical_url":"https://wefunder.com/wolfpack.financial.inc#question-275157","answers":[{"id":275192,"entity_id":"wefunder:comment:275192","answer":"Hi Dion Thanks for your kind words regarding Wolfpack. Booster Loans will initially be available to all US citizens who have onboarded to our outsourced broker dealer provider. However, our enterprise licensing will unlock opportunities for other partners who want to provide the service to their own existing customers.","author_name":"George Parthimos","votes":1,"created_at":"2024-01-31T23:50:02Z"}]}],"faq":[{"question":"What is the interest rate people will pay to borrow?","answer":"Hi Brett. Great question! Booster Loan interest rates will be slightly above standard personal loan rates. The final number will be confirmed closer to product launch."},{"question":"How do you do underwriting of borrowers? I know of some companies that ask for bank account transaction information, or do you use credit scores like FICO or VantageScore? There's a large number of Gen-Z / millennials who might be interested in this but might not have a credit...","answer":"Hi Michael. Thanks for your question. Every Booster Loan is secured against the stocks purchased at point of sale. Therefore, there is no need for a FICO or VantageScore check. We understand the challenges Gen-Z/millennials face in today's world, and want to provide a product which doesn't require any unrealistic minimum deposits, application forms, or credit checks. Wolfpack has been specifically built from the ground up with beginners and inexperienced investors in mind."},{"question":"There is so much opportunity to help those who are new/unfamiliar to the stock market, and this is definitely unique. The \"buy now, pay later\" payment option has been described as predatory within the shopping category. How was that considered when building out the company's b...","answer":"Hi Dayna. I really appreciate your interest in Wolfpack. You raise two very good questions. Whilst our Booster Loans are a Buy-Now-Pay-Later for stocks, they certainly don't have the predatory aspects which you may find with other BNPL products. For starters, Wolfpack does not charge any late fees or penalties for late payments, and we don't extend the loan term duration. We set out a fixed 10-week repayment schedule up-front which outlines the obligations from both parties. If a customer, fo..."},{"question":"I have always wondered by borrowing to make an investment has been tabboo but borring to spend on sneakers or a meal is ok. Best wishes for the raise!. Question - Are there any geo-location restrictions on potential users or can they be from anywhere in the world (given AML li...","answer":"Hi Dion Thanks for your kind words regarding Wolfpack. Booster Loans will initially be available to all US citizens who have onboarded to our outsourced broker dealer provider. However, our enterprise licensing will unlock opportunities for other partners who want to provide the service to their own existing customers."},{"question":"Suggestion re website - change the \"Shop\" hyperlink so it opens in a new tab and therefore a user does not 'lose' the original home page which is probably where the main business is.","answer":"Hi Dion. I appreciate the suggestion. I'll have my team look into it."}]}}}