Kountable

Kountable

Growth Stage

The B2B marketplace for Sustainable Trade

The B2B marketplace for Sustainable Trade

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/03/2022

Close Date

01/17/2023

Min. Goal
$200,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$35,000,000

Discount

0%

Year Founded

2015

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

San Francisco, California

Business Type

High Growth

Kountable, with a valuation of $35 million, is raising funds on Wefunder. The company has developed a B2B marketplace to unlock trade opportunities with speed and scale. The marketplace promotes sustainable trade and gets large-scale impact projects over the finish line. Kountable has completed $70 million in contract sales in five years resulting in $3.8 million in revenue. Christopher Hale founded Kountable in February 2015. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $250,000. The campaign proceeds will be used for financial operations and taxes, and sales and marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,603,000

$645,000

COGS

$179,000

$167,000

Tax

$0

$0

 

 

Net Income

$7,653,000

$-2,355,000

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$14,000

$247,000

Accounts Receivable

$137,000

$1,508,000

Total Assets

$1,503,000

$2,359,000

Short-Term Debt

$1,920,000

$1,334,000

Long-Term Debt

$3,416,000

$15,443,000

Total Liabilities

$5,336,000

$16,777,000

Financials as of: 05/03/2022
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Founder Profile

Kountable Co-Founder Catherine Nomura on Leveraging Networks

Many well-meaning projects aim to enact social or environmental change. For example, a company or organization may aim to get millions of COVID-19 vaccines overseas to a country in need. This would then lead to transactions that involve three parties: a buyer, a supplier, and a small-to-medium enterprise (SME) trader that can act as a middleman and handle shipping. However, such transactions can get messy and sometimes bring projects to a halt.

Kountable is a business-to-business marketplace designed to smooth out this trading process. The platform allows multiple parties to collaborate and conduct payments with ease. We reached out to co-founder and President Catherine Nomura to hear more about why the company started with Rwanda and how it makes a difference in people’s lives.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview

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Kountable on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $35,000,000

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