KarbonPay

Early Stage

Automating global payroll in the cloud

Analytics

Raised to Date: 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

Business Type

Growth

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 08/05/2023 Wefunder $15,012,810 $325,070 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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KarbonPay on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $19,250,000
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