Wage
Early Stage
Digital job network simplifying connections between gig economy workers and hirers
Overview
$27,232 - RegCF
$277,232 - Total
$277,232 - Total
Total Commitments ($USD)
Platform
SeedInvest
Start Date
05/10/2022
Close Date
06/28/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$1,000
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$2.89
Pre-Money Valuation
$15,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/03/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$556
Momentum
Funded
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Year Founded
2016
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Wage, with a valuation of $15 million, is raising funds on SeedInvest. It is a jobs and services marketplace that connects gig economy workers and employers. The peer-to-peer marketplace eliminates the layers between supply and demand and offers transparency and efficiency. The user base of Wage grew by 31% to 110,000 in 2021 and is set to grow further in the coming years. Marcin Zgola and Tim Wright founded Wage in December 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for operations, product development, sales and marketing, and hiring.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$24,673 |
$0 |
| ||
| ||
|
Net Income |
$-1,209,623 |
$-8,017 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$150,267 |
$899,985 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$155,631 |
$899,985 |
|
Short-Term Debt |
$20,730 |
$7,686 |
|
Long-Term Debt |
$1,300,000 |
$900,000 |
|
Total Liabilities |
$1,320,730 |
$907,686 |
Financials as of: 05/10/2022
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