Small Change

Early Stage
Power to the people. One real estate deal at a time.
Overview
Raised: $143,779
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/28/2023
Days Remaining
33
% of Min. Goal
288%
% of Max. Goal
13%
Likelihood of Max
Avg. Daily Raise
$826
# of Investors
85
Momentum
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Year Founded
2016
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Small Change, with a valuation of $10 million, is raising funds on Wefunder. It is an equity crowdfunding platform that enables investors to invest in real estate deals. The platform offers diverse developers, innovative projects, and clear returns by enabling investments in projects, people, and places investors love. Small Change has raised over $10 million for 40 impact real estate projects and reported a 435% growth in funds raised from 2020 to 2021. Eve Picker founded Small Change in April 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.07 million. The campaign proceeds will be used for marketing, improving platform technology features, expansion of the core team, and launching a Reg A offering.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$171,709 |
$55,113 |
COGS |
$0 |
$0 |
Tax |
$300 |
$300 |
| ||
| ||
Net Income |
$214,434 |
$-311,990 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$21,956 |
$4,328 |
Accounts Receivable |
$1,061 |
$0 |
Total Assets |
$53,390 |
$35,122 |
Short-Term Debt |
$268,355 |
$2,705,031 |
Long-Term Debt |
$50,000 |
$63,470 |
Total Liabilities |
$318,355 |
$2,768,501 |
Financials as of: 10/05/2022
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Founder Profile
Small Change Founder Eve Picker on Democratized Real Estate Investing
Women and minority founders often struggle to get the funding they need to start or grow their businesses. Historically, traditional venture capital has strongly favored founders that are white and male. Democratizing access to startup capital is one of the many reasons that online startup investing was established.Small Change is a real estate equity crowdfunding platform that helps founders -- including women and people of color -- raise capital for their projects. What’s more, Small Change’s proprietary index measures the impact of each project. We reached out to founder and CEO Eve Picker to hear more about the company’s primary customer types and how it differs from competitors.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.
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