ShoppinPal

Neutral
BETA

B2B SaaS cloud integration software with integrations for Intuit Quickbooks, Oracle NetSuite, Vend POS and more

Analytics

Raised to Date: $79,657

Aggregate Commitments $
Platform

Microventures

Start Date

10/02/2020

Close Date

03/01/2021

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Series A

Valuation Cap

$8,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

01/20/2021

Days Remaining

38

% of Min. Goal

159%

% of Max. Goal

32%

Likelihood of Max
Avg. Daily Raise

$724

# of Investors

240

Momentum
Location

Modesto, California

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

ShoppinPal, with a valuation cap of $8 million, is raising funds on MicroVentures. The company provides an integrated platform as a service (iPaaS) for connecting on-premise software applications with cloud applications. The suite of integration connectors of ShoppinPal work for large B2B enterprises and integrates with software like Intuit Quickbooks, Oracle NetSuite, and Vend POS. Sriram Subramaniam founded ShoppinPal in 2011 and has raised over $2.2 million in previous rounds of financing. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $250,000, and the proceeds will be used for marketing, research and development, future wages, and general working capital. ShoppinPal has been profitable since January 2020, with an annual run rate of $390,000.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$50,955

$68,237

COGS

$210

$91

Tax

$450

$0

 

 

Net Income

$-160,440

$-564,507

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$29,924

$90,253

Accounts Receivable

$4,982

$6,885

Total Assets

$190,479

$446,754

Short-Term Debt

$49,768

$241,458

Long-Term Debt

$508,800

$0

Total Liabilities

$558,568

$660,488

Ratings

last updated 01/21/2021

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.
Other Deals

4URSPACE on SeedInvest

The commercial property build-out and renovation industry is difficult. High costs, demanding oversight, and time-consuming work all boils…

Crowd
UNOMi on MicroVentures

Between video games, movies, and more, entertainment continues its shift toward a more digital existence. In games, features…

Crowd
Plant an App on Republic

Apps are a big business. Today, there exist 1.82 million apps on the…

Crowd
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add ShoppinPal on MicroVentures
Follow company
Follow ShoppinPal on MicroVentures