The startup has developed a mobile application that utilizes an integrated QR reader to scan lottery tickets and provide tax insurance for the winnings. This ensures that winners receive the full prize amount without the burden of state tax liabilities.
Funding
Funding not disclosed
Founders
Product
Problem
Lottery winners often face a significant tax burden, as a percentage of winnings above a certain threshold is claimed by the government. This reduces the overall prize amount received by the winner. Additionally, many lottery winners lack the financial expertise to manage their newfound wealth effectively, leading to potential mismanagement and loss of funds.
Solution
Laguinda provides a mobile application and online platform that allows users to purchase official lottery tickets and simultaneously insure their potential winnings against tax liabilities. By scanning lottery tickets via an integrated QR reader or purchasing them directly through the platform, users can ensure they receive the full prize amount, as Laguinda's insurance covers the otherwise applicable state taxes. Furthermore, the platform offers access to a team of financial advisors who provide guidance on wealth management and financial planning, helping winners make informed decisions to secure their financial future. Laguinda partners with AXA Seguros to provide fiscal and legal telephone consultation, and AXA Exclusiv for patrimonial management advice.
Target Audience
The primary target audience includes individuals who regularly participate in lottery games and are concerned about minimizing their tax liabilities on potential winnings, as well as those seeking financial guidance to manage their wealth effectively.
Features
- Mobile application with integrated QR code scanner for lottery ticket validation and insurance enrollment
- Online lottery ticket purchasing from an official lottery vendor
- Automatic insurance coverage against tax liabilities on lottery winnings exceeding €40,000
- Access to a team of financial advisors for personalized wealth management guidance
- Fiscal and legal telephone consultation provided by AXA Seguros
- Patrimonial management advice through AXA Exclusiv
- Automatic notifications of lottery results and winnings
- Secure platform for managing lottery tickets and insurance policies