KarbonPay

Growth Stage

Automating global payroll in the cloud

Analytics

Raised to Date: Raised: $325,070

Aggregate Commitments $

Platform

Wefunder

Start Date

04/11/2022

Close Date

08/05/2023

Min. Goal

$50,001

Max. Goal

$3,000,001

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$2.93

Pre-Money Valuation

$15,012,810

Rolling Commitments $

Status

Active

Reporting Date

08/13/2022

Days Remaining

357

% of Min. Goal

650%

% of Max. Goal

11%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,622

Momentum
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
Location

Richardson, Texas

Industry

Business Services, Software, & Applications

Tech Sector

AutomationTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

High Growth

KarbonPay, with a valuation of $15 million, is raising funds on Wefunder. 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 on manual calculations. KarbonPay platform has been profitable with $2.5 million ARR and 30% EBITDA margins. 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 $50,001 and a maximum target of $3,000,001. The campaign proceeds will be used for software development, sales and marketing, UX/UI, and new hires.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-187,460

$-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

$24,345

$0

Long-Term Debt

$0

$0

Total Liabilities

$24,345

$0

Financials as of: 04/11/2022
Create a free account today to gain access to KingsCrowd analytics.

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
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
KarbonPay on Wefunder 2022
$
Platform: Wefunder
Security Type: Equity - Common
Valuation: $15,012,810
Invest in a different round for this company? Use my investment date to determine which raise I invested in.

Follow company

Follow KarbonPay on Wefunder 2022
View on Wefunder
Bullish / Bearish
You're Bullish on KarbonPay on Wefunder 2022

Thank you for your vote on KarbonPay on Wefunder 2022

Bullish / Bearish
You're Bearish on KarbonPay on Wefunder 2022

Thank you for your vote on KarbonPay on Wefunder 2022