Guac

Guac

Growth Stage

Financial technology providing solutions for members and business partners

Financial technology providing solutions for members and business partners

Overview

Raised to Date: Raised: $498,830

Total Commitments ($USD)

Platform

Republic

Start Date

03/22/2023

Close Date

04/28/2023

Min. Goal
$24,997
Max. Goal
$2,500,000
Min. Investment

$250

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.19

Pre-Money Valuation

$50,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$13,856

# of Investors

448

Momentum
Funded
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Year Founded

2017

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Irvine, California

Business Type

High Growth

Guac, with a valuation of $50 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 110,000 connected users and has helped them save more than $22 million, with year-over-year growth of 115%. 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 $2.5 million. The campaign proceeds will be used for sales and marketing, technology and product development, and operations.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$-800

$-800

 

 

Net Income

$-1,362,948

$-528,201

Summary Balance Sheet

FY 2021 FY 2020

Cash

$91,059

$478,582

Accounts Receivable

$0

$0

Total Assets

$249,795

$651,895

Short-Term Debt

$879,316

$169,918

Long-Term Debt

$0

$256,500

Total Liabilities

$879,316

$426,418

Financials as of: 03/22/2023
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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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Price per Share History

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

Valuation History

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.

Employee History

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Guac on Republic 2023
Platform: Republic
Security Type: Equity - Common
Valuation: $50,000,000
Price per Share: $3.19

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