Envel (2021)
About this raise
Envel, with a $15 million valuation cap, is raising crowdfunding on Wefunder. 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. Steve Le Roux founded Envel in 2017 and has raised over $3 million since its inception. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used for development and data science, marketing, compliance and fraud prevention, licensing, banking partners, operations, and technology partners. Envel is powered by patent-pending autonomous banking technology and is reinventing banking for a new generation of customers.
Investment Overview
Invested : $1,070,000
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/03/2020
- Close Date
- 02/03/2021
$50,000
$1,070,000
$100
Convertible Note
Early Stage
RegCF
$15,000,000
20%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
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Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
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Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.