Uptip

Uptip

Early Stage

Uptip is reinventing tipping, driving value for service workers and customers

Uptip is reinventing tipping, driving value for service workers and customers

Overview

Raised this Round: Raised: $69,508

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/07/2022

Close Date

05/07/2022

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$9,000,000

Discount

0%

Year Founded

2020

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B2C

Margin

High

Capital Intensity

Low

Location

Reno, Nevada

Business Type

Growth

Uptip, with a valuation of $9 million, is raising funds on Wefunder. The company is reinventing tipping and driving the much-needed income for service workers. Uptip not only encourages tipping but also establishes a reliable channel for feedback. Uptip’s smartphone-based tipping and service review platform works for all service professions and offers transaction transparency. Eric Plam founded Uptip in July 2020. 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 hiring, marketing, and legal and accounting fees.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,674

$0

COGS

$13,134

$0

Tax

$0

$0

 

 

Net Income

$-28,400

$-12,886

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$34,806

$76,439

Accounts Receivable

$0

$0

Total Assets

$100,719

$76,439

Short-Term Debt

$83,342

$5,985

Long-Term Debt

$50,663

$75,340

Total Liabilities

$134,005

$81,325

Financials as of: 03/07/2022
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Uptip on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $9,000,000

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