KarbonPay

Neutral
BETA

Automating global payroll in the cloud

Analytics

Raised to Date: $495,337

Aggregate Commitments $
Platform

Wefunder

Start Date

11/24/2020

Close Date

05/01/2021

Min. Goal

$100,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Pre-Money Valuation

$6,200,000

Weekly Commitments $
Status

Active

Reporting Date

02/24/2021

Days Remaining

64

% of Min. Goal

495%

% of Max. Goal

46%

Likelihood of Max
Avg. Daily Raise

$5,384

# of Investors

378

Momentum
Location

Richardson, Texas

Industry

Business Services, Software, & Applications

Tech Sector

AutomationTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

KarbonPay, with a pre-money valuation of $6.2 million, is raising funds on Wefunder. The company automates the payroll data of businesses and helps them save money through payroll efficiency. The platform allows businesses to perform payroll calculations anytime, anywhere, without spending time in manual calculations. Brad Price founded KarbonPay in 2019 and has raised over $285,000 since its inception. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $1,070,000, will be used for software development, UX/UI, sales and marketing, and new hires. KarbonPay platform serves over 200 users in 40 companies and is growing 100% month-over-month. The platform delivers about 40% savings to its customers compared to the existing payroll providers.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,500

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 02/25/2021

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Analyst Report

Neutral
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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