Paybby

Banking Empowerment for the Black and Brown

Analytics

Raised to Date: $39,945

Aggregate Commitments $
Platform

Title3Funds

Start Date

03/03/2021

Close Date

05/31/2021

Min. Goal

$100,000

Max. Goal

$1,070,000

Min. Investment

$147

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$20,000,000

Rolling Commitments $
Status

Active

Reporting Date

05/12/2021

Days Remaining

16

% of Min. Goal

40%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$571

Momentum
cold
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Location

Syosset, New York

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Paybby, with a pre-money valuation of $20 million, is raising funds on Title3Funds. The company has developed a banking app, Wicket, for the Black and Brown communities and to enable peer-to-peer lending. The banking app empowers people and communities with no hidden fees, no minimum balance, and a free bank account. Hassan Miah founded Paybby in August 2020. The current crowdfunding round has a minimum target of $100,000 and a maximum target of $1,070,000, and the funds will be used to become the most trusted financial institution in the Black and Brown communities. Paybby aims to offer a variety of consumer loan advances and digital access to specialty federal transfer payments and healthcare payments.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-97,325

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$178,709

$0

Accounts Receivable

$0

$0

Total Assets

$178,709

$0

Short-Term Debt

$250,000

$0

Long-Term Debt

$0

$0

Total Liabilities

$250,000

$0

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