Splitsy

Early Stage

FinTech mobile app enabling 19M+ Americans to automatically split monthly bills

Analytics

Raised to Date: Raised: $70,900

Aggregate Commitments $

Platform

Wefunder

Start Date

03/15/2021

Close Date

07/31/2021

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$3,000,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

08/01/2021

Days Remaining
Funded
% of Min. Goal

142%

% of Max. Goal

28%

Likelihood of Max
Funded
Avg. Daily Raise

$514

Momentum
Funded
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Location

Saint Louis, Missouri

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Splitsy, with a $3 million valuation cap, is raising crowdfunding on Wefunder. The company is developing a mobile app that enables people to split their monthly bills automatically. The app has received Digital Sandbox Funding, and its MVP is expected to be launched to the Beta users in the second quarter of 2021. Brad Starnes, Joe Allen, and Nolan McMicheal founded Splitsy in July 2020. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will target software development, general operations, marketing, advanced product launch, phase 2 development, and API integration. Splitsy has a patent-pending technology and has a waitlist of users ready for Beta testing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,662

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$194

$0

Accounts Receivable

$0

$0

Total Assets

$194

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 03/15/2021
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