Card Blanch

[Closed for Investment] Card Blanch, with a valuation of $5 million, is raising funds on Wefunder. The company is combining all the bank cards and loyalty cards of users into one card. The one card of Card Blanch will consolidate and replace all the bank cards and rewards cards and will help users to decide which connected card is the best to use for a given merchant. Card Blanch has a partnership with Visa and has been featured on International Business Times, TechStartups, and Entrepreneur. Leo Goriev founded Card Blanch in May 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,070,000. The campaign proceeds will be used for IT development, marketing and sales, and administration and operations costs.

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Investment Overview

Raised this Round: Raised: $1,019,665

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/16/2021
Close Date
04/30/2022
Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$3,500,000

Valuation Cap

$5,000,000

Discount

20%

Company & Team

Company

Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
San Jose, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Leo Goriev
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$1,041
 Runway
24+ months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-12,492

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$37,435

$0

Accounts Receivable

$0

$0

Total Assets

$487,508

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/01/2024 PicMii $6,000,000 $4,900 SAFE Not Funded RegCF
04/30/2022 Wefunder $5,000,000 $1,019,665 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Card Blanch on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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