EmailACheck

EmailACheck

[Closed for Investment] EmailACheck, with a valuation of $10 million, is raising funds on StartEngine. The company is an online payment platform where digital checks can be written, sent, and received instantly. The company first introduced its patented system to the market in August of 2022, and is now serving over 28K users. EMailACheck is providing a 21st century banking solution with patented technology that digitizes check payments and eliminates the need for paper checks. Amaha Selassie and Jake Waserstein founded EmailACheck in 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, research and development, company employment, operations, working capital and inventory.

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Investment Overview

Raised this Round: Raised: $10,050

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
05/17/2023
Close Date
08/15/2023
Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$10,000,000

Company & Team

Company

Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
MIAMI LAKES, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Amaha Selassie
Title
CEO
Founder Name
Alan Waserstein
Title
Director
Founder Name
Jake Waserstein
Title
Founder

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$9,941
 Runway
1.5 months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-119,288

$-8,977

Summary Balance Sheet

FY 2022 FY 2021

Cash

$14,828

$3,715

Accounts Receivable

$0

$0

Total Assets

$14,828

$3,715

Short-Term Debt

$0

$0

Long-Term Debt

$0

$12,000

Total Liabilities

$0

$12,000

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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
08/15/2023 StartEngine $10,000,000 $10,050 Equity - Common Funded RegCF
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Add to portfolio
EmailACheck on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $5.00

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Follow EmailACheck on StartEngine 2023

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Warning: according to the close date for this deal, EmailACheck may no longer be accepting investments.

EmailACheck Deal Report

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