Turbopass Corporation on Wefunder

Paperless and instant way to verify income when buying a car

Raise to date: $60,568

Reporting Date: 11/10/2019

Key Stats

Minimum Raise

$50,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

10/03/2019

Stop Date

01/31/2020

Days Remaining

81

Security Type

Convertible Note

Investment Minimum

$100

Deal Type

Deal to Watch


Investment Summary

Status

Active

# of Investors

107

% of Minimum Raised

121%

% of Maximum Raised

6%

Dollars Per Day to Reach Max

$12,462

DPD* Committed

$1,594

DPD* Category

$0

DPD* All Companies

$1,359

Kingscrowd Momentum

$60,568

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

TurboPass, with a valuation cap of $5 million, is raising funds on WeFunder. The company helps car dealers to verify and receive proof of income of their customers in an instant and paperless way. Thus, car dealers can work faster, sell more cars, and make secure transactions using TurboPass. The company was founded by Michael Jarman and Kenneth Jarman and has raised $135,000 in previous rounds of funding. The proceeds of the current round of crowdfunding, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used for customer acquisitions, product development, sales & marketing hires, and legal and administrative expenses. TurboPass had the number one Toyota and Chevy dealers as its early customers and is launching pilots with two of the top three auto lenders in the US.

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