Swell Financial
About this raise
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.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 02/28/2023
- Close Date
- 04/26/2023
$400,000
$5,000,000
$500
SAFE
Growth Stage
RegCF
$100,000,000
20%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
-
$151,894
as of FY2022
- Monthly Burn
-
$360,443
as of FY2022
-
Runway
-
15.8 months
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $10,000,070
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/26/2023 | Wefunder | $100,000,000 | $0 | SAFE | Not Funded | RegCF |