PowerBuy

Early Stage

Helping e-Commerce merchants earn more through a new, innovative & interactive checkout flow

Overview

Raised to Date: Raised: $22,202

Total Commitments ($USD)

Platform

Netcapital

Start Date

12/31/2021

Close Date

01/27/2023

Min. Goal

$10,007

Max. Goal

$1,000,501

Min. Investment

$103

Security Type

Equity - Common

Series

Pre-Seed

Funding Type

RegCF

Price Per Share

$11.45

Pre-Money Valuation

$15,951,590

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/31/2023

Days Remaining
Funded
% of Min. Goal

222%

% of Max. Goal

2%

Likelihood of Max
Funded
Avg. Daily Raise

$57

Momentum
Funded
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Location

Irvine, California

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

PowerBuy, with a valuation of $15.9 million, is raising funds on NetCapital. The company has developed an interactive and innovative checkout solution for e-commerce merchants. The checkout solution of PowerBuy is not static and traditional but fun and interactive and allows users to checkout with friends and buy multiple products. PowerBuy has served over 800 merchants and has been rated one of the top social commerce apps on Shopify. Bruce Watanabe and Thu Truong founded PowerBuy in April 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,000,501. The campaign proceeds will be used for sales and marketing, engineering, and compensation for managers.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$153,127

$240,284

COGS

$11,189

$13,947

Tax

$0

$0

 

 

Net Income

$-1,416,526

$-1,112,567

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$227,639

$504,788

Accounts Receivable

$49,102

$48,535

Total Assets

$289,527

$568,869

Short-Term Debt

$1,376,158

$807,011

Long-Term Debt

$3,261,909

$2,665,022

Total Liabilities

$4,638,067

$3,472,033

Financials as of: 12/31/2021
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PowerBuy on Netcapital 2021
$
Platform: Netcapital
Security Type: Equity - Common
Valuation: $15,951,590

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