About this raise
Digifox, with a valuation of $42.5 million, is raising funds on Wefunder. The company has created an all-in-one finance app to manage personal finance. The app allows users to earn high interest rates on their savings and send payments across the world for pennies. It aggregates all the financial needs of individuals and helps them manage taxes, make payments, buy cryptocurrencies, and manage their savings. Nicholas Merten and Chase Poirier founded Digifox in July 2019. The current crowdfunding campaign has a minimum target of $100,002 and a maximum target of $4,999,998. The campaign proceeds will be used for hiring, marketing, and legal counsel and guidance.
Investment Overview
Not Funded: $100
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 04/11/2022
- Close Date
- 04/26/2022
$100,002
$4,999,998
$100
Equity - Preferred
Early Stage
RegCF
$4.09
$35,000,000
$42,500,000
Company & Team
Financials
-
Revenue
- $284,839
- Monthly Burn
- $14,663
-
Runway
- 8.8 months
- Gross Margin
- 3%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $652,826
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/26/2022 | Wefunder | $42,500,000 | $100 | Equity - Preferred | Not Funded | RegCF |
| 10/02/2020 | Wefunder | $18,100,000 | $652,926 | SAFE | Funded | RegCF |
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.