Thryv
Early Stage
Advanced loan servicing platform
Overview
Raised: $85,269
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/09/2022
Close Date
04/30/2023
Min. Goal
$100,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$12,000,000
Discount Rate
10%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/01/2023
Days Remaining
88
% of Min. Goal
85%
% of Max. Goal
9%
Likelihood of Max
Avg. Daily Raise
$1,015
Momentum
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Location
Miami, Florida
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Thryv, with a valuation of $12 million, is raising funds on Wefunder. The company has developed a platform to transform the mortgage market with its advanced loan servicing. The loan servicing platform is borrower-centric and cloud-based and helps to reduce fallout for loan servicers. Thryv generates revenue by offering subscriptions to its SaaS-based technology platform and plans to develop partnerships with organizations to offer value-added services to borrowers. Christian Rotter founded Thryv in July 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1 million. The campaign proceeds will be used for product innovation, technology development, finance and operations, general and administrative expenses, and legal and regulatory fees.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-276,063 |
$-5,757 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$491,875 |
$33,581 |
|
Accounts Receivable |
$34,000 |
$0 |
|
Total Assets |
$663,242 |
$40,488 |
|
Short-Term Debt |
$28,242 |
$3,425 |
|
Long-Term Debt |
$911,001 |
$37,000 |
|
Total Liabilities |
$939,243 |
$40,425 |
Financials as of: 11/09/2022
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