Swell Financial

Growth Stage

Let’s Make Bank Together!

Overview

Raised to Date: Raised: $504,900

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/28/2023

Close Date

03/31/2023

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%

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/23/2023

Days Remaining

8

% of Min. Goal

126%

% of Max. Goal

10%

Likelihood of Max
unlikely
Avg. Daily Raise

$21,952

# of Investors

165

Momentum
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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

Most Recent Year Prior Year

Revenue

$151,894

$0

COGS

$287,323

$0

Tax

$0

$0

 

 

Net Income

$-4,325,320

$0

Summary Balance Sheet

Most Recent Year Prior Year

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: 02/28/2023
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Swell Financial on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $100,000,000

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