Magnabid

Regulation Crowdfunding offering on StartEngine

$17,108

of $350,559 goal

4.9% funded

About the offering

Matching Patients with Quality Doctors. Name Your Price | Find Your Doctor. Magnabid is an online medical marketplace that matches patients with high quality doctors. Patients can name their price for a medical or cosmetic procedure and get matched with a doctor's offer. Our goal at Magnabid is to help more patients afford cash medical and cosmetic procedures by providing easier access to doctors’ deals. Built By Healthcare Professionals. Dr. Anita Sabeti created Magnabid out of her own frustration with existing medical marketing solutions. She found that health industry middlemen were prohibiting patients from securing procedures at affordable prices and doctors were stuck seeking new patients through inconvenient sites like Groupon and Yelp. With the help of her husband and computer scientist, Ben Mansouri, and his cousin Pez Zarifian, a Systems Engineer at NASA-JPL, the three developed an online platform that gives doctors like Dr. Anita, the flexibility to customize offers based on their schedules and let patients name their price. Magnabid currently has a community of early-adopters in Southern California and with your investment plans to gradually cover the entire United States. How It Works - Unlike our competitors who charge doctors large sums of money to market their business, Magnabid charges doctors a small monthly fee to match them with new patients. While other marketing platform can take up to two weeks to reply to patient's bid, we keep a repository of doctors' offers and match them with a patient's bid immediately. Once a patient's bid is entered on our site, our algorithm quickly searches for compatible offer from participating doctors and instantly matches doctors' offers with the patient's bid. If there is not match, patients have the flexibility to put their bid on a "WishList" which is accessible by doctors

FAQ

How much has Magnabid raised?

Magnabid has raised $17,108 of a $350,559 goal.

Where is Magnabid's campaign listed?

The offering is listed on StartEngine, an SEC-registered Reg CF intermediary.

What are the terms of Magnabid's raise?

Common Stock, $4M cap, $0.35/share.

When does Magnabid's offering close?

The stated close date is Sep 8, 2018.