Lunch Payments
Early Stage
A credit card experience for paper check transactions
Overview
Raised: $92,950
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/15/2021
Close Date
03/30/2022
Min. Goal
$50,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
SAFE
SEC Filing Type
RegCF
Valuation Cap
$8,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$885
# of Investors
40
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Location
Santa Monica, California
Lunch Payments, with a valuation of $8 million, is raising funds on Wefunder. The company has developed a platform that digitizes offline payments and offers a credit card experience for paper check transactions. It is building the payment infrastructure for the offline economy and combining collections and factoring for businesses dominated by paper check payments. Lunch Payments has onboarded three large vendors and is processing $400,000 in payments monthly. Cullen Gallagher and Jason Friedberg founded Lunch Payments in January 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $107,000. The campaign proceeds will be used for hiring, sales, and operations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,146 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-442 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,495 |
$0 |
|
Accounts Receivable |
$999 |
$0 |
|
Total Assets |
$2,494 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 12/15/2021
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.