Paybby
Early Stage
Banking Empowerment for the Black and Brown
Overview
Raised: $100,638
Total Commitments ($USD)
Platform
Title3Funds
Start Date
03/02/2021
Close Date
03/18/2022
Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment
$147
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.47
Pre-Money Valuation
$20,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$265
Momentum
Funded
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Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Paybby, with a pre-money valuation of $20 million, is raising funds on Title3Funds. The company has developed a banking app, Wicket, for the Black and Brown communities and to enable peer-to-peer lending. The banking app empowers people and communities with no hidden fees, no minimum balance, and a free bank account. Hassan Miah founded Paybby in August 2020. The current crowdfunding round has a minimum target of $100,000 and a maximum target of $1,070,000, and the funds will be used to become the most trusted financial institution in the Black and Brown communities. Paybby aims to offer a variety of consumer loan advances and digital access to specialty federal transfer payments and healthcare payments.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-97,325 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$178,709 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$178,709 |
$0 |
|
Short-Term Debt |
$250,000 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$250,000 |
$0 |
Financials as of: 03/02/2021
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