Data / Crowdfunding / Colorado / Swell Financial, Inc.
Swell Financial, Inc.: crowdfunding raise on Wefunder Portal LLC, $400,000 to $5,000,000 (2023)
Swell Financial, Inc., a corporation in Boulder, CO, filed a Form C with the SEC on February 28, 2023 to raise $400,000 to $5,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on March 31, 2023. In its most recent fiscal year it reported $151,894 in revenue and a net loss of $4,325,320, with 11 employees.
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- Website
- www.swellmoney.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2101 Pearl Street, Boulder, CO 80302
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 16, 2021
- SEC CIK
- 0001914565
Offering terms
From the offering filed February 28, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $400,000
- Maximum
- $5,000,000
- Deadline
- March 31, 2023
- Portal compensation
- 5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C filed February 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $151,894 | $0 | sec.gov |
| Cost of goods sold | $287,323 | $0 | sec.gov |
| Net income | $-4,325,320 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $9,908,025 | $0 | sec.gov |
| Cash | $5,682,775 | $0 | sec.gov |
| Accounts receivable | $165,472 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 28, 2023 | Offering | $400,000 | $5,000,000 | March 31, 2023 | sec.gov |
Updated February 28, 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.