KarbonPay
Automating global payroll in the cloud
Analytics
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
Avg. Daily Raise
$2,622
Momentum
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Location
Richardson, Texas
Industry
Business Services, Software, & Applications
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
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
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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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