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Digifox

Digifox

Early Stage

An all-in-one finance app — better interest rates and lower fees

An all-in-one finance app — better interest rates and lower fees

Overview

Raised to Date: Raised: $761,803

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/14/2020

Close Date

10/02/2020

Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$18,100,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/31/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$6,989

# of Investors

1,034

Momentum
Funded
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Year Founded

2019

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Glen Allen, Virginia

Business Type

High Growth

Digifox, with a valuation cap of $18.1 million, is raising funds on Wefunder. The company has created an all-in-one finance app to manage personal finance. The app allows users to earn high interest rates on their savings and send payments across the world for pennies. It aggregates all the financial needs of individuals and helps them manage taxes, make payments, bug cryptocurrencies, and manage their savings. Digifox was founded by Nicholas Merten and Chase Poirier and has raised over $180,000 since its founding. The proceeds of the current crowdfunding campaign, with a minimum target of $100,000 and a maximum target of $1,070,000, will be used for hiring employees, marketing, legal counsel and guidance. Digifox’s app is fully built and live on iOS and Android. The company has multiple streams of revenue through lending, trading, borrowing, and transactions.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-5,407

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$821

$0

Accounts Receivable

$0

$0

Total Assets

$54,093

$0

Short-Term Debt

$0

$0

Long-Term Debt

$59,500

$0

Total Liabilities

$59,500

$0

Financials as of: 06/14/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Digifox 04/25/2022 Wefunder $42,500,000 $100 Equity - Preferred Not Funded RegCF
Digifox 10/01/2020 Wefunder $18,100,000 $761,803 SAFE 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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Digifox on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $18,100,000

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