Payroll4Free.com

Payroll4Free.com

America's Small Business Payroll Service

America's Small Business Payroll Service

Overview

Raised this Round: Raised: $113,471

Platform

Wefunder

Start Date

05/11/2017

Close Date

01/01/2018

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Year Founded

2019

Industry

Financial & Insurance Products & Services

Tech Sector

EnterpriseTech

Location

Beachwood, Ohio

Payroll4Free.com is raising funds on Wefunder. The company provides payroll services, specifically to small businesses. Payroll4Free.com helps in reducing the fees and charges associated with payroll services and makes them more affordable. Payroll4Free.com has thousands of happy clients across the country and is growing fast with a rapid acquisition rate. Carol Rosenberg founded Payroll4Free.com in May 2012. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for sales and marketing, technology enhancement, hiring, expansion of support staff, and working capital.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$71,803

$1,302

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-172,577

$-688,838

Summary Balance Sheet

FY 2016 FY 2015

Cash

$144,161

$77,210

Accounts Receivable

$657

$0

Total Assets

$144,818

$77,210

Short-Term Debt

$144,806

$55,052

Long-Term Debt

$1,622,253

$1,471,821

Total Liabilities

$1,767,059

$1,526,873

Financials as of: 05/11/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Payroll4Free.com 09/20/2023 Wefunder $13,654,262 $534,998 Equity - Preferred Funded RegCF
Payroll4Free.com 04/29/2021 Wefunder $10,700,000 $326,318 Equity - Common Funded RegCF
Payroll4Free.com 12/31/2017 Wefunder - $113,471 Debt Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Funding data not publicly available

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Payroll4Free.com on Wefunder 2017
Platform: Wefunder
Security Type: Debt

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