TipBrightly

Early Stage

Cashless tipping made fast, easy, and hassle free

Analytics

Raised to Date: Raised: $95,000

Aggregate Commitments $

Platform

Wefunder

Start Date

06/24/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$9,000,000

Discount Rate

10%

Rolling Commitments $

Status

Active

Reporting Date

08/18/2022

Days Remaining

255

% of Min. Goal

190%

% of Max. Goal

38%

Likelihood of Max
extremely
Avg. Daily Raise

$1,727

Momentum
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Location

Mountain View, California

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

TipBrightly, with a valuation of $10 million, is raising funds on Wefunder. The company has developed an app to make cashless tipping easy, fast, and hassle-free. The app is purpose-built for hospitality and enables users to leave a tip to reward good service even when they don’t have cash. TipBrightly is a win-win for employers and employees as it enables a positive service experience, higher earnings for employees, and higher retention for employers. Elle Rustique founded TipBrightly in September 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for marketing, sales, product development, and optimizing sales processes.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$25,475

$16,584

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-27,401

$-31,364

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$20,738

$5,893

Accounts Receivable

$2,963

$354

Total Assets

$81,583

$55,093

Short-Term Debt

$25,777

$1,039

Long-Term Debt

$0

$0

Total Liabilities

$25,777

$1,039

Financials as of: 06/24/2022
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TipBrightly on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $9,000,000

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