BidaFi

BidaFi

Early Stage

Renovate the home improvement market through automation, transparency, and confidentiality

Renovate the home improvement market through automation, transparency, and confidentiality

Overview

Raised this Round: 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    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$5,000,000

Year Founded

2019

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Pasadena, California

Business Type

Growth

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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Add to portfolio
BidaFi on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $5,000,000
Price per Share: $5.00

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Follow BidaFi on NetCapital 2022

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