Wholesale Payroll
Early Stage
A modern, smart, user-centric, payroll platform
Overview
Platform
ChainRaise
Start Date
05/10/2023
Close Date
05/01/2024
Min. Goal
$10,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$20,000,000
Discount
0%
Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Wholesale Payroll, with a valuation of $20 million, is raising funds on ChainRaise. The company has developed scalable, customizable, and white-labeled payroll software to transform the payroll industry. The platform is user-friendly and aims to empower employers and employees through forward-thinking architecture and a pleasant user experience. Wholesale Payroll started marketing its services in 2022 and has several dozen paid subscribers waiting to onboard. Jessica Clarke founded Wholesale Payroll in July 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1 million. The campaign proceeds will be used for marketing, research and development, equipment purchases, future wages, debt repayment, and general working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-117,188 |
$-35,401 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,629 |
$37,537 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$953,382 |
$188,751 |
|
Short-Term Debt |
$106,561 |
$993 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$106,561 |
$993 |
Financials as of: 05/10/2023
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