YellowPay

Early Stage

Revolutionary payment solution for the construction industry

Analytics

Raised to Date: Raised: $507,686

Aggregate Commitments $

Platform

Wefunder

Start Date

07/20/2022

Close Date

04/30/2023

Min. Goal

$400,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$8,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

09/24/2022

Days Remaining

218

% of Min. Goal

127%

% of Max. Goal

47%

Likelihood of Max
extremely
Avg. Daily Raise

$7,692

Momentum
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Location

Palo Alto, California

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Business Type

High Growth

YellowPay, with a valuation of $8 million, is raising funds on Wefunder. The company provides fast and flexible payment solutions for small and medium-sized construction businesses. The unique payment system of YellowPay empowers these businesses to access working capital through online payments, with 120 days repayment terms. YellowPay has already signed credit agreements of $150 million for the next 12 months, with credit agreements projected to grow to $1 billion by 2026. Rune Skog founded YellowPay in January 2022. The current crowdfunding campaign has a minimum target of $400,000 and a maximum target of $1,070,000. The campaign proceeds will be used for salaries and credit to partners.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$230,694

$0

COGS

$223,631

$0

Tax

$1,463

$0

 

 

Net Income

$3,600

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$197,499

$0

Accounts Receivable

$28,825

$0

Total Assets

$226,324

$0

Short-Term Debt

$1,463

$0

Long-Term Debt

$221,181

$0

Total Liabilities

$222,644

$0

Financials as of: 07/20/2022
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YellowPay on Wefunder 2022
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Platform: Wefunder
Security Type: Convertible Note
Valuation: $8,000,000

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