Payroll4Free.com (2021)
About this raise
Payroll4Free, with a pre-money valuation of $10.7 million, is raising crowdfunding on Wefunder. The company provides payroll service, specifically to small businesses. It helps in reducing the fees and charges associated with payroll services and makes them more affordable. The services of Payroll4Free are free and rich with features. Payroll4Free was founded by Michael Rosenberg and has raised over $2 million since its inception. The current funding round has a minimum goal of $50,005 and a maximum goal of $499,999. The proceeds will be used to begin aggressive marketing, hire a marketing professional, establish revenue-generating partnerships, and enhance payroll functionality. Payroll4Free has thousands of happy clients across the country and is growing fast with a rapid acquisition rate.
Investment Overview
Invested : $326,318
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 06/22/2020
- Close Date
- 04/30/2021
$50,005
$499,999
$101
Equity - Common
Early Stage
RegCF
$10.00
$10,700,000
Company & Team
Company
- Year Founded
- 2019
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Payroll4free.com | 05/01/2025 | Wefunder | $19,820,955 | $84,821 | Equity - Preferred | Funded | RegCF |
| Payroll4Free.com | 09/21/2023 | Wefunder | $13,654,262 | $534,998 | Equity - Preferred | Funded | RegCF |
| Payroll4Free.com | 04/30/2021 | Wefunder | $10,700,000 | $326,318 | Equity - Common | Funded | RegCF |
| Payroll4Free.com | 01/01/2018 | Wefunder | - | $113,471 | Debt | Funded | RegCF |
Growth Charts
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.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.