EmailACheck
Early Stage
Online payment platform where digital checks can be written, sent, and received instantly.
Overview
Raised: $10,847
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/17/2023
Close Date
07/16/2023
Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment
$500
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$5.00
Pre-Money Valuation
$10,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/09/2023
Days Remaining
37
% of Min. Goal
108%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$472
# of Investors
12
Momentum
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Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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.
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 |
Financials as of: 05/17/2023
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