Data / Crowdfunding / Texas / Flexpay LLC
Flexpay LLC: crowdfunding raise on MicroVenture Marketplace Inc., $50,000 to $1,070,000 (2022)
Flexpay LLC, a limited liability company in Lewes, TX, filed a Form C with the SEC on December 20, 2022 to raise $50,000 to $1,070,000 in Crowd Note through MicroVenture Marketplace Inc.. The offering closed on January 9, 2023. In its most recent fiscal year it reported $290,522 in revenue and $20,032 in net income, with 10 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- flexpay.co.ke
- Funding portal
- MicroVenture Marketplace Inc.
- Address
- FLEXPAY LLC 16192 COASTAL HIGHWAY, Lewes, TX 19958
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- December 5, 2019
- SEC CIK
- 0001930496
Offering terms
From the amendment filed December 20, 2022.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- January 9, 2023
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay to the Intermediary a fee consisting of five percent (5%) commission based on the amount of investments raised in the Offering and paid upon distribution of funds from escrow at the time of closing.
Financials
From the Form C-U filed January 11, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $290,522 | $255,055 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $20,032 | $30,405 | sec.gov |
| Taxes paid | $8,585 | $13,178 | sec.gov |
| Total assets | $262,063 | $250,989 | sec.gov |
| Cash | $157,082 | $150,000 | sec.gov |
| Accounts receivable | $102,367 | $96,352 | sec.gov |
| Short-term debt | $13,503 | $17,868 | sec.gov |
| Long-term debt | $3,716 | $133,309 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 11, 2023 | Progress update | $50,000 | $1,070,000 | January 9, 2023 | THE OFFERING MINIMUM WAS NOT MET. FUNDS TO BE RETURNED TO INVESTORS. | sec.gov |
| December 20, 2022 | Amendment | $50,000 | $1,070,000 | January 9, 2023 | INCLUDING A WEBINAR TRANSCRIPT AND UPDATING THE COMPANY'S FINANCIAL AND DEBT INFORMATION | sec.gov |
| August 9, 2022 | Offering | $50,000 | $1,070,000 | January 9, 2023 | sec.gov |
Updated January 11, 2023. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.