NetWire

NetWire

Closed: Nov. 2024

About this raise

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.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
08/05/2022
Close Date
11/24/2024
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Shannon Keyes
Title
Manager

Funding data not publicly available

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$108,333
 Runway
0 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/24/2024 Netcapital $6,800,000 $0 Equity - Common Not Funded RegCF
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Add to portfolio
NetWire on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,800,000
Price per Share: $0.68

Follow company

Follow NetWire on NetCapital 2022

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Warning: according to the close date for this deal, NetWire may no longer be accepting investments.

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