Digifox

Early Stage

An all-in-one finance app — better interest rates and lower fees

Analytics

Raised to Date: Raised: $100

Aggregate Commitments $

Platform

Wefunder

Start Date

04/11/2022

Close Date

04/26/2022

Min. Goal

$100,002

Max. Goal

$4,999,998

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Price Per Share

$4.09

Pre-Money Valuation

$42,500,000

Rolling Commitments $

Status
Not Funded
Reporting Date

04/26/2022

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$7

Momentum
Not Funded
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Location

Glen Allen, Virginia

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$284,839

$0

COGS

$275,533

$0

Tax

$0

$0

 

 

Net Income

$-175,959

$-2,296

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$128,693

$821

Accounts Receivable

$0

$0

Total Assets

$532,594

$57,204

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 04/11/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Digifox 04/26/2022 Wefunder $42,500,000 $100 Equity - Preferred Not Funded RegCF
Digifox 10/02/2020 Wefunder $18,100,000 $761,803 SAFE Funded RegCF
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Digifox on Wefunder 2022
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $42,500,000
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