GeoToll

GeoToll

Growth Stage

Mobile Automatic Payment Solutions for Worldwide Tolling

Mobile Automatic Payment Solutions for Worldwide Tolling

Overview

Raised to Date: Raised: $143,163

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/09/2020

Close Date

04/15/2021

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$250

Security Type

Convertible Note

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$33,500,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,136

# of Investors

95

Momentum
Funded
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Year Founded

2012

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

AutomationTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Cooper City, Florida

Business Type

Growth

GeoToll, with a valuation cap of $33.5 million, is raising crowdfunding on Wefunder. The company has developed a mobile automated payment solution for worldwide tolling. The mobile app allows drivers to pay their tolls using their phone, even when driving their own car, a friend’s car, or a rented car. Wyatt Geist and Jaime Borras founded GeoToll in 2012 and have raised over $6 million in previous rounds of financing. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $250,000, and the proceeds will be used for product development, completion of pilot test projects, sales and marketing, and expanding to toll agencies across the US and abroad. GeoToll is led by an experienced and passionate team and is using state-of-the-art technology to revolutionize tolling.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$290,822

$0

COGS

$0

$0

Tax

$210

$0

 

 

Net Income

$-1,512,828

$-1,020,713

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$26,781

$73,307

Accounts Receivable

$0

$0

Total Assets

$27,053

$75,205

Short-Term Debt

$760

$175,000

Long-Term Debt

$0

$0

Total Liabilities

$760

$175,000

Financials as of: 12/09/2020
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GeoToll on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $33,500,000

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