Guac

Guac

Early Stage

This Tiny Fintech Could Transform The Way 83 Million Americans Bank

This Tiny Fintech Could Transform The Way 83 Million Americans Bank

Overview

Raised this Round: Raised: $1,070,000

Total Commitments ($USD)

Platform

Equifund

Start Date

09/10/2020

Close Date

07/28/2021

Min. Goal
$20,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$5,300,000

Year Founded

2017

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Irvine, California

Business Type

Growth

Guac, with a valuation of $5.3 million, is raising crowdfunding on Equifund CFP. It is a dedicated lifestyle banking app for millennials. The platform helps users set financial goals, track their savings progress, and save money on purchases made through the app. Guac uses the advanced micro-savings technology that allows users to save while they spend. Scott Armstrong and Ryan Armstrong founded Guac in 2017. The current crowdfunding round has a minimum goal of $20,000 and a maximum goal of $1,070,000. Guac is led by the top fintech talent of the industry and is well-positioned for growth. The users get to save money for their short-term goals faster and with more freedom using Guac.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-130,784

$-97,398

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$45,028

$4,167

Accounts Receivable

$0

$0

Total Assets

$45,028

$4,167

Short-Term Debt

$187,210

$101,565

Long-Term Debt

$86,000

$0

Total Liabilities

$273,210

$101,565

Financials as of: 09/10/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Guac 04/27/2023 Republic $50,000,000 $498,830 Equity - Common Funded RegCF
Guac 04/25/2022 Republic $18,500,000 $2,911,107 SAFE Funded RegCF
Guac 07/27/2021 Equifund $5,300,000 $1,070,000 Equity - Common Funded RegCF
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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.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Guac on Equifund CFP
Platform: Equifund
Security Type: Equity - Common
Valuation: $5,300,000
Price per Share: $0.50

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