Thryv

Early Stage

Advanced loan servicing platform

Overview

Raised to Date: 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
unlikely
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

Business Type

Growth

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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Thryv on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000

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