ShoppinPal

ShoppinPal

Early Stage

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

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

Overview

Raised to Date: Raised: $112,494

Total Commitments ($USD)

Platform

Microventures

Start Date

10/01/2020

Close Date

02/28/2021

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

$100

Security Type

Convertible Note

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$6,400,000

Valuation Cap

$8,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/27/2021

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

$755

# of Investors

329

Momentum
Funded
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Year Founded

2011

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Modesto, California

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

$419,030

Total Liabilities

$558,568

$660,488

Financials as of: 10/01/2020
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ShoppinPal on MicroVentures
Platform: Microventures
Security Type: Convertible Note
Valuation: $8,000,000

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