Easy Expense
About this raise
Easy Expense, with a valuation of $6 million, is raising funds on Republic. The company has developed an AI-based application to turn the phone into an automatic expense tracker. The app automates financial data aggregation for small businesses and solves a major pain point for users. Easy Expense includes a magic receipt scanner to reduce manual input and make receipt tracking fun and also helps in digitizing paper documents. The app recorded 100,000 organic downloads within the first year and reported a 700% year-over-year revenue growth. Elijah Bucher founded Easy Expense in July 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $800,000. The campaign proceeds will be used to increase paid-user acquisition, increase development velocity, and grow revenue.
Investment Overview
Invested : $238,349
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 02/01/2023
- Close Date
- 04/30/2023
$25,000
$800,000
$100
SAFE
Pre-Seed
RegCF
$6,000,000
0%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
- $190,378
- Monthly Burn
- $811
-
Runway
- 24+ months
- Gross Margin
- 71%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2023 | Republic | $6,000,000 | $238,349 | SAFE | Funded | RegCF |