TipBrightly
Early Stage
Cashless tipping made fast, easy, and hassle free
Overview
Raised: $85,400
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/23/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$9,000,000
Valuation Cap
$9,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$275
# of Investors
46
Momentum
Funded
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Year Founded
2015
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
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: 06/23/2022
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