ShoppinPal
B2B SaaS cloud integration software with integrations for Intuit Quickbooks, Oracle NetSuite, Vend POS and more
Analytics
Raised to Date: $79,657
Aggregate Commitments $
Microventures
10/02/2020
03/01/2021
$50,000
$250,000
$100
Convertible Note
RegCF
Series A
$8,000,000
20%
Weekly Commitments $
Active
01/20/2021
38
159%
32%
$724
240
Modesto, California
Business Services, Software, & Applications
EnterpriseTech
B2B
High
Low
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
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