Swap Your Time
Early Stage
Freelancing app to exchange services — Get and give help
Overview
Raised: $41,525
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/18/2020
Close Date
04/30/2021
Min. Goal
$75,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$2,400,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
05/01/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$132
# of Investors
36
Momentum
Not Funded
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Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
C2C
Margin
High
Capital Intensity
Low
Swap Your Time, with a $3 million valuation cap, is raising funds on Wefunder. It is a freelancing app that allows users to give and get services. The freelancing gigs platform allows freelancers to either get their work done in exchange for the work done by them or get paid for the task. The app has become more relevant during the shut down due to COVID-19, with more demand for remote work. Swap Your Time was founded by Pavel Sakurets in 2016. The proceeds of the current crowdfunding campaign, with a minimum goal of $75,000 and a maximum goal of $250,000, will be used for continuous app improvements, software development, marketing, hiring, and content monitoring. Swap Your Time has over 25,000 users that are growing exponentially. Thousands of gigs have been posted on the app, and many are added daily.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-8,221 |
$-12,336 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$54 |
$269 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$8,535 |
$6,819 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/18/2020
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