Digifox

Neutral
BETA

An all-in-one finance app — better interest rates and lower fees

Analytics

Raised to Date: $762,003

Aggregate Commitments $
Platform

Wefunder

Start Date

06/15/2020

Close Date

10/02/2020

Min. Goal

$100,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$18,100,000

Discount Rate

0%

Weekly Commitments $
Status
Funded
Reporting Date

10/14/2020

Days Remaining
Funded
% of Min. Goal

762%

% of Max. Goal

71%

Likelihood of Max
Funded
Avg. Daily Raise

$6,991

# of Investors

1,035

Momentum
Funded
Location

Glen Allen, VA

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

High Growth

Digifox, with a valuation cap of $18.1 million, is raising funds on Wefunder. The company has created an all-in-one finance app to manage personal finance. The app allows users to earn high interest rates on their savings and send payments across the world for pennies. It aggregates all the financial needs of individuals and helps them manage taxes, make payments, bug cryptocurrencies, and manage their savings. Digifox was founded by Nicholas Merten and Chase Poirier and has raised over $180,000 since its founding. The proceeds of the current crowdfunding campaign, with a minimum target of $100,000 and a maximum target of $1,070,000, will be used for hiring employees, marketing, legal counsel and guidance. Digifox’s app is fully built and live on iOS and Android. The company has multiple streams of revenue through lending, trading, borrowing, and transactions.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-5,407

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$821

$0

Accounts Receivable

$0

$0

Total Assets

$54,093

$0

Short-Term Debt

$0

$0

Long-Term Debt

$59,500

$0

Total Liabilities

$59,500

$0

Ratings

last updated 10/01/2020

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