SwipeBy
Early Stage
Drive-thru comfort at any restaurant
Overview
Raised: $325,154
Total Commitments ($USD)
Platform
Republic
Start Date
08/10/2020
Close Date
10/31/2020
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$12,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,014
# of Investors
1,103
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
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 |
$60,000 |
|
Total Liabilities |
$35,510 |
$68,304 |
Financials as of: 08/10/2020
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