SwipeBy

BETA

Drive-thru comfort at any restaurant

Analytics

Raised to Date: $239,073

Aggregate Commitments $
Platform

Republic

Start Date

08/11/2020

Close Date

10/31/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$12,500,000

Discount Rate

0%

Weekly Commitments $
Status

Active

Reporting Date

09/16/2020

Days Remaining

41

% of Min. Goal

956%

% of Max. Goal

22%

Likelihood of Max
Avg. Daily Raise

$6,641

# of Investors

800

Momentum
Location

Winston-Salem, NC

Industry

Food, Beverage, & Restaurants

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

SwipeBy, with a valuation cap of $12.5 million, is raising funds on Republic. The app allows users to directly access their favorite local restaurants, order online, and pickup from curb-side conveniently. SwipeBy also offers easy menu upload and geofenced arrival notifications for the restaurants and customizable software. Carl Turner founded SwipeBy in 2017 and has raised over $1 million since its founding. The current crowdfunding campaign has a minimum goal of $25,000 and a maximum goal of $1,070,000. SwipeBy has over 200 restaurants across 25 states on its platform. It generated over $1 million transaction volume in the second quarter of 2020, up 1,380% from the first quarter of 2020.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$4,569

$8,521

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-349,923

$-46,256

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$137,862

$4,964

Accounts Receivable

$0

$0

Total Assets

$335,331

$132,876

Short-Term Debt

$35,510

$8,304

Long-Term Debt

$0

$0

Total Liabilities

$35,510

$68,304

Ratings

last updated 09/16/2020

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