This company is no longer in business. Investors can get details about any potential exits or failures here.
Splitsy
Early Stage
FinTech mobile app enabling 19M+ Americans to automatically split monthly bills
Overview
Raised: $70,900
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/14/2021
Close Date
07/31/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$2,010,000
Valuation Cap
$3,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$514
# of Investors
130
Momentum
Funded
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Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Splitsy, with a $3 million valuation cap, is raising crowdfunding on Wefunder. The company is developing a mobile app that enables people to split their monthly bills automatically. The app has received Digital Sandbox Funding, and its MVP is expected to be launched to the Beta users in the second quarter of 2021. Brad Starnes, Joe Allen, and Nolan McMicheal founded Splitsy in July 2020. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will target software development, general operations, marketing, advanced product launch, phase 2 development, and API integration. Splitsy has a patent-pending technology and has a waitlist of users ready for Beta testing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,662 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$194 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$194 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/14/2021
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