KarbonPay

KarbonPay

Early Stage

Premium multi-country payroll software

Premium multi-country payroll software

Overview

Raised to Date: Raised: $40,263

Total Commitments ($USD)

Platform

Republic

Start Date

01/09/2024

Close Date

04/30/2024

Min. Goal
$50,000
Max. Goal
$4,382,000
Min. Investment

$150

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

10%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/27/2024

Days Remaining

2

% of Min. Goal

81%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$369

# of Investors

89

Momentum
cold.svg
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Year Founded

2019

Industry

Business Services, Software, & Applications

Tech Sector

AutomationTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Richardson, Texas

Business Type

High Growth

KarbonPay, with a valuation of $15 million, is raising funds on Republic. The company automates the payroll data of businesses and helps them save money through payroll efficiency. KarbonPay allows businesses to perform payroll calculations anytime, anywhere, without spending time on manual calculations. The business has 600 monthly paying customers with a 40% year-over-year growth and delivers about 40% savings to its customers compared to the existing payroll providers. Brad Price founded KarbonPay in 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4.4 million. The campaign proceeds will be used for sales, research and development, new hires, and general working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$307,800

$56,692

COGS

$17,361

$8,370

Tax

$0

$0

 

 

Net Income

$321,025

$-696,329

Summary Balance Sheet

FY 2022 FY 2021

Cash

$60,816

$36,403

Accounts Receivable

$105,717

$0

Total Assets

$987,927

$285,269

Short-Term Debt

$268,193

$181,638

Long-Term Debt

$48,437

$110,000

Total Liabilities

$316,630

$291,638

Financials as of: 01/09/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
KarbonPay 04/29/2024 Republic $15,000,000 $40,263 SAFE Active RegCF
KarbonPay 11/29/2022 Wefunder $15,012,810 $346,913 Equity - Common Funded RegCF
KarbonPay 01/30/2022 StartEngine $19,250,000 $251,633 Equity - Common Funded RegCF
KarbonPay 08/30/2021 Wefunder $6,200,000 $736,778 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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KarbonPay on Republic 2024
Platform: Republic
Security Type: SAFE
Valuation: $15,000,000

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