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.

Investment Overview

Invested this round: $690,589

Deal Terms
Company & Team

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

Early Bird Val. Cap

$3,500,000

Valuation Cap

$5,000,000

Discount

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

View Detailed Financials

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

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Ratings

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

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Revenue
Valuation
Employees

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

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View on Wefunder

SAFE, $5M • Closed

17 Following

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76 Invested

Deal Considerations

Key Challenges
- No key challenges found
Other Risks
- No other risks found

Swopblock (2023)

Swopblock (2023)

About this raise