NetWire

NetWire

Early Stage

Internet-based payments

Internet-based payments

Overview

Raised this Round: Raised: $35,924

Total Commitments ($USD)

Platform

Netcapital

Start Date

08/04/2022

Close Date

06/14/2024

Min. Goal
$10,000
Max. Goal
$106,999
Min. Investment

$99

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.68

Pre-Money Valuation

$6,800,000

Year Founded

2022

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Boston, Massachusetts

Business Type

High Growth

NetWire, with a valuation of $6.8 million, is raising funds on NetCapital. It is a payments processing company that uses the internet and cryptocurrency to process payment transactions. The business offers convenient and real-time payments in any currency using email or cell phone. NetWire charges a fee per transaction and has also negotiated an agreement for international payments. Shannon Carmody Keyes founded NetWire in June 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $106,999. The campaign proceeds will be used for technology, marketing, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,300,000

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 08/04/2022
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NetWire on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,800,000
Price per Share: $0.68

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