KarbonPay
Automating global payroll in the cloud
Analytics
Raised: $251,633
Aggregate Commitments $
Platform
StartEngine
Start Date
10/20/2021
Close Date
01/31/2022
Min. Goal
$9,998
Max. Goal
$4,267,687
Min. Investment
$196
Security Type
Equity - Common
Funding Type
RegCF
Series
Seed
Price Per Share
$3.85
Pre-Money Valuation
$19,250,000
Rolling Commitments $
Status
Funded
Reporting Date
02/06/2022
Days Remaining
Funded
% of Min. Goal
2,517%
% of Max. Goal
6%
Likelihood of Max
Funded
Avg. Daily Raise
$2,443
Momentum
Funded
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Location
Richardson, Texas
Industry
Business Services, Software, & Applications
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
KarbonPay, with a valuation of $19.3 million, is raising funds on StartEngine. The company automates the payroll data of businesses and helps them save money through payroll efficiency. The platform allows businesses to perform payroll calculations anytime, anywhere, without spending time in manual calculations. KarbonPay platform serves over 200 users in 40 companies and is growing 100% month-over-month. The platform delivers about 40% savings to its customers compared to the existing payroll providers. Brad Price founded KarbonPay in 2019. The current crowdfunding campaign has a minimum target of $9,998.45 and a maximum target of $4,267,686.50. The campaign proceeds will be used for the launches in different countries, including the United Kingdom, Colombia, Brazil, Argentina, Japan, Hong Kong, and Canada.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-193,028 |
$-2,500 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$656 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,886 |
$0 |
|
Short-Term Debt |
$29,913 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$29,913 |
$0 |
Financials as of: 10/20/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| KarbonPay | 08/01/2022 | Wefunder | $15,012,810 | $0 | Equity - Common | Active | RegCF |
| KarbonPay | 01/31/2022 | StartEngine | $19,250,000 | $251,633 | Equity - Common | Funded | RegCF |
| KarbonPay | 08/31/2021 | Wefunder | $6,200,000 | $736,778 | Equity - Common | Funded | RegCF |
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