FileThis

FileThis

Closed: Apr. 2018

About this raise

Who Should Be Interested:
If you’re someone who has gone through any type of hassle with retrieving personal finance documents, from taking care of a loved one to applying for a mortgage, then FileThis, Inc. could be the investment you’ve been waiting for. They retrieve your official personal finance documents in a way that’s safe, easy, and secure.

The Company:
FileThis, Inc. is a B2B platform that makes it easy for FinTech companies to securely and simply retrieve your official personal finance documents. They automatically gather everything from pay stubs, W-2s, and tax returns to bank statements, billing statements, and other official records. When FinTech companies partner with FileThis, users no longer need to manually upload their documents, meaning that business processes can be streamlined, and everyone saves time and money. Their proprietary document aggregation framework securely and automatically gathers official PDFs and metadata from over 800 institutions, including banks, lenders, and payroll providers. So far, FileThis has been tested by over 100,000 consumers and has a 2x YoY growth, including 90% gross margins in December of 2017 and an annual recurring revenue of $900,000 in 2017. They currently have 12 distribution partners, and with 275 million potential FinTech product consumers out there, FileThis is on the way to filing some serious success.

The Bottom Line:
FileThis is revolutionizing the world of personal finance documents and FinTech. With their innovative solution, they are on their way to disrupting the mortgage, tax, accounting, online bill pay, and law industries -- all while working to make your life easier when it comes to streamlining your financial processes.

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Investment Overview

Invested this round:
$364,718 - RegCF
$550,285 - Total

Deal Terms

Total Commitments

Platform
SeedInvest
Start Date
02/19/2018
Close Date
04/20/2018
Min. Goal
$500,000
Max Goal
$1,070,000
Min. Investment

$500

Security Type

Debt

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Company & Team

Company

Year Founded
2010
Industry
Financial & Insurance Products & Services
Tech Sector
Location
Mill Valley, California
Company Website
Visit Website

Team

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/20/2018 SeedInvest - $550,285 Debt Funded RegCF / RegD 506(c)
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FileThis on SeedInvest
Platform: SeedInvest
Security Type: Debt

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

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