Payroll4Free.com (2023)
About this raise
Payroll4Free, with a valuation of $13.65 million, is raising funds on Wefunder. The company provides payroll services, 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 has been rated 4.8/5 in service and support, and the client service revenue went up by 74% in 2022 compared to 2021. Michael Rosenberg founded Payroll4Free in January 2019. The current crowdfunding campaign has a minimum target of $50,006 and a maximum target of $534,997. The campaign proceeds will be used to establish revenue-generating partnerships, continue to automate tax reporting functions, and redesign UI.
Investment Overview
Invested : $534,998
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 09/22/2022
- Close Date
- 09/21/2023
$50,006
$534,998
$250
Equity - Preferred
Early Stage
RegCF
$12.50
$12,288,836
$13,654,262
Company & Team
Company
- Year Founded
- 2019
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +29% YoY
-
$271,861
as of FY2022
- Monthly Burn
-
$26,804
as of FY2022
-
Runway
-
1.7 months
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $305,230
- VC Backed?
- No
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Payroll4free.com | 05/01/2025 | Wefunder | $19,820,955 | $93,821 | 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.