Envel

Growth Stage

Building the World’s Smartest Bank Account

Analytics

Raised to Date: Raised: $581,267

Aggregate Commitments $

Platform

StartEngine

Start Date

10/08/2021

Close Date

12/17/2021

Min. Goal

$10,000

Max. Goal

$3,930,043

Min. Investment

$102

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$35,040,323

Rolling Commitments $

Status
Funded
Reporting Date

12/31/2021

Days Remaining
Funded
% of Min. Goal

5,813%

% of Max. Goal

15%

Likelihood of Max
Funded
Avg. Daily Raise

$8,304

Momentum
Funded
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Location

Boston, Massachusetts

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

High Growth

Envel, with a valuation of $35 million, is raising funds on StartEngine. It is a financial technology company that focuses on building autonomous banking. The digital banking application partners with nbkc bank to hold the funds safe and secure. Envel is powered by patent-pending autonomous banking technology and has over 10,000 users since January 2021. Steve Le Roux, Matina Dimitriadou, and Diederik Meeuwis founded Envel in 2017. The current crowdfunding campaign has a minimum target of $9,999.64 and a maximum target of $3,930,043.12. The campaign proceeds will be used to launch new product offerings and increase the number of users.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$113

$0

COGS

$447,645

$128,565

Tax

$0

$0

 

 

Net Income

$-2,132,655

$-653,161

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$541,790

$422,967

Accounts Receivable

$0

$0

Total Assets

$596,166

$432,813

Short-Term Debt

$1,203,067

$0

Long-Term Debt

$2,086,511

$910,542

Total Liabilities

$3,289,578

$910,542

Financials as of: 10/08/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Envel 12/17/2021 StartEngine $35,040,323 $581,267 Equity - Common Funded RegCF
Envel 02/03/2021 Wefunder $15,000,000 $1,070,000 Convertible Note Funded RegCF
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Envel on StartEngine 2021
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $35,040,323
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