Swopblock (2023)

About this raise

Swopblock, with a valuation of $5 million, is raising funds on Wefunder. The company has developed a platform to decentralize trading between all cryptocurrencies securely. It is the first autonomous crypto trading network to enter the BTC and ETH markets. Swopblock has a patent pending for its Consensus Mechanism and Liquidity Stream and plans to launch the beta version by the end of 2023. Jeff Hilde founded Swopblock in March 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4.4 million. The campaign proceeds will be used for marketing, platform development, app development, and crypto launch.

Expand

Investment Overview

Invested this round: $690,589

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
01/20/2023
Close Date
10/31/2023
Min. Goal
$50,000
Max Goal
$552,430
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$3,500,000

Valuation Cap

$5,000,000

Discount

0%

Company & Team

Company

Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Martinsburg, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Jeff Hilde
Title
CEO
Founder Name
Austin Hilde
Title
CCO

Financials

 Revenue
$0
as of FY2021
 Monthly Burn
$4,459
as of FY2021
 Runway
9.2 months
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-53,509

$0

Summary Balance Sheet

FY 2021 FY 2020

Cash

$40,926

$0

Accounts Receivable

$0

$0

Total Assets

$77,634

$0

Short-Term Debt

$5,051

$0

Long-Term Debt

$136,316

$0

Total Liabilities

$141,367

$0

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$590,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/30/2025 Wefunder $3,500,000 $150,747 SAFE Active RegCF
10/31/2023 Wefunder $5,000,000 $690,589 SAFE Funded RegCF
08/17/2022 Wefunder $3,500,000 $598,385 SAFE Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Swopblock on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

Follow company

Follow Swopblock on Wefunder 2023

Buy Swopblock's Deal Report

Warning: according to the close date for this deal, Swopblock may no longer be accepting investments.

Swopblock Deal Report

Get Kingscrowd's comprehensive report on Swopblock including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Swopblock is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Swopblock deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge