Fast Bags Corp

Fast Bags Corp

Early Stage

Biodegradable* Trash Bags, inside America's First Trash Bag Dispensing System

Biodegradable* Trash Bags, inside America's First Trash Bag Dispensing System


Raised this Round: Raised: $158,440

Total Commitments ($USD)



Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Equity - Preferred



SEC Filing Type

RegCF    Open SEC Filing

Price Per Share


Early Bird Valuation


Pre-Money Valuation


Year Founded



Consumer Products, Goods & Services

Tech Sector


Distribution Model




Capital Intensity



Bernardsville, New Jersey

Business Type


Fast Bags Corp, with a valuation of $9.54 million, is raising funds on Wefunder. The company makes biodegradable trash bags that break down in two years. The trash bags of Fast Bags Corp, BagUps, are patent-protected and offer ease of use, convenience, and a good experience to the customers. Fast Bags Corp increased its sales by 277% from January to July 2022, compared to the same period in 2021, and plans to introduce many new products in the future. Jack Licata founded Fast Bags Corp in January 2007. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $499,999. The campaign proceeds will be used for advertising and repayment of advanced advertising loans, production equipment, and R&D for new products.

Summary Profit and Loss Statement

FY 2022 FY 2021












Net Income



Summary Balance Sheet

FY 2022 FY 2021




Accounts Receivable



Total Assets



Short-Term Debt



Long-Term Debt



Total Liabilities



Financials as of: 01/11/2023
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Fast Bags Corp on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $9,542,888
Price per Share: $2.00

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