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