Guac

Early Stage

This Tiny Fintech Could Transform The Way 83 Million Americans Bank

Analytics

Raised to Date: Raised: $316,043

Aggregate Commitments $

Platform

Republic

Start Date

10/25/2021

Close Date

03/10/2022

Min. Goal

$25,000

Max. Goal

$3,930,000

Min. Investment

$150

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$18,500,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

95

% of Min. Goal

1,264%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$7,708

Momentum
cool.svg
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Location

Irvine, California

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

Guac, with a valuation of $18.5 million, is raising funds on Republic. 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 advanced micro-savings technology that allows users to save while they spend. It currently has over 55,000 connected users and has helped them save more than $6 million as of September 2021. Scott Armstrong and Ryan Armstrong founded Guac in 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $3,930,000. The campaign proceeds will be used to double the marketing spend and add more value for the customers.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$800

$800

 

 

Net Income

$-528,201

$-142,279

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$478,073

$45,028

Accounts Receivable

$0

$0

Total Assets

$651,895

$143,994

Short-Term Debt

$169,918

$200,273

Long-Term Debt

$256,500

$86,000

Total Liabilities

$426,418

$286,273

Financials as of: 10/25/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Guac 03/10/2022 Republic $18,500,000 $316,043 SAFE Active RegCF
Guac 07/28/2021 Equifund CFP $5,300,000 $1,070,000 Equity - Common Funded RegCF
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Guac on Republic 2021
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Platform: Republic
Security Type: SAFE
Valuation: $18,500,000
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