Guac (2021)

About this raise

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.

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Investment Overview

Invested this round: $1,070,000

Deal Terms

Total Commitments

Platform
Equifund
Start Date
09/11/2020
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Scott Armstrong
Title
CEO
Founder Name
Ryan Armstrong
Title
Chief Revenue Officer

Financials

 Revenue
$0
 Monthly Burn
$10,899
 Runway
4.1 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/28/2023 Republic $50,000,000 $498,830 Equity - Common Funded RegCF
04/26/2022 Republic $18,500,000 $2,911,107 SAFE Funded RegCF
07/28/2021 Equifund $5,300,000 $1,070,000 Equity - Common Funded RegCF
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Growth Charts

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

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