BidaFi
Early Stage
Renovate the home improvement market through automation, transparency, and confidentiality
Overview
Raised: $10,050
Total Commitments ($USD)
Platform
Netcapital
Start Date
08/19/2022
Close Date
12/16/2022
Min. Goal
$10,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$5.00
Pre-Money Valuation
$5,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$85
Momentum
Funded
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
BidaFi, with a valuation of $5 million, is raising funds on NetCapital. The company has developed a proprietary solution to automate the process of home improvement. The solution, Automated Bid Chain, will allow homeowners to get real bids in real-time from contractors and finalize a deal with transparency and confidentiality. BidaFi aims to reduce the time taken for the process from weeks or days to minutes. Tim Thornton and Ken Rhinehart founded BidaFi in August 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $250,000. The campaign proceeds will be used for hiring, marketing, website building, and compensation for managers.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-5,329 |
$-2,469 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,100 |
$1,100 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,100 |
$1,100 |
|
Short-Term Debt |
$8,067 |
$2,739 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$8,067 |
$2,739 |
Financials as of: 08/19/2022
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