Swap Your Time

Swap Your Time

Early Stage

Freelancing app to exchange services — Get and give help

Freelancing app to exchange services — Get and give help

Overview

Raised this Round: Raised: $41,525

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/18/2020

Close Date

04/30/2021

Min. Goal
$75,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,400,000

Discount

20%

Year Founded

2016

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

C2C

Margin

High

Capital Intensity

Low

Location

Minneapolis, Minnesota

Business Type

High Growth

Swap Your Time, with a $3 million valuation cap, is raising funds on Wefunder. It is a freelancing app that allows users to give and get services. The freelancing gigs platform allows freelancers to either get their work done in exchange for the work done by them or get paid for the task. The app has become more relevant during the shut down due to COVID-19, with more demand for remote work. Swap Your Time was founded by Pavel Sakurets in 2016. The proceeds of the current crowdfunding campaign, with a minimum goal of $75,000 and a maximum goal of $250,000, will be used for continuous app improvements, software development, marketing, hiring, and content monitoring. Swap Your Time has over 25,000 users that are growing exponentially. Thousands of gigs have been posted on the app, and many are added daily.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-8,221

$-12,336

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$54

$269

Accounts Receivable

$0

$0

Total Assets

$8,535

$6,819

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 06/18/2020
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Swap Your Time on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $2,400,000

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