FileThis

Early Stage

B2B platform powering FinTech companies with simple, secure retrieval of personal finance documents.

Analytics

Raised to Date: Raised: $364,718

Aggregate 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

Funding Type

RegCF / RegD 506(c)

Rolling Commitments $

Status
Funded
Reporting Date

04/29/2018

Days Remaining
Funded
% of Min. Goal

73%

% of Max. Goal

34%

Likelihood of Max
Funded
Avg. Daily Raise

$6,079

Momentum
Funded
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Location

Mill Valley, California

Industry

Financial & Insurance Products & Services

Tech Sector

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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FileThis on SeedInvest
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Platform: SeedInvest
Security Type: Debt

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