Swell Financial

Swell Financial

Growth Stage

Let’s Make Bank Together!

Let’s Make Bank Together!

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/27/2023

Close Date

04/26/2023

Min. Goal
$400,000
Max. Goal
$5,000,000
Min. Investment

$500

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$100,000,000

Discount

20%

Year Founded

2021

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Boulder, Colorado

Business Type

Growth

Swell Financial, with a valuation of $100 million, is raising funds on Wefunder. The company has developed a financial app that enables millions of working Americans, the Strivers, to build wealth. The Swell app is based on three wealth-building principles of spending less than you make, minimizing debt, and owning assets that grow in value. Swell Financial is led by an experienced team and has a growing community of more than 4,000 Strivers. Kevin Dahlstrom founded Swell Financial in December 2021. The current crowdfunding campaign has a minimum target of $400,000 and a maximum target of $5 million. The campaign proceeds will be used for future customer acquisition, onboarding expenses, hiring for product development, and extending the runway.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$151,894

$0

COGS

$287,323

$0

Tax

$0

$0

 

 

Net Income

$-4,325,320

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$5,682,775

$0

Accounts Receivable

$165,472

$0

Total Assets

$9,908,025

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 02/27/2023
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Swell Financial on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $100,000,000

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