This round is no longer accepting investments, but others just like it are live now.

CLOSED

GET A PIECE OF FOODSPASS

Eat smarter with 4-40% cashback!

FoodsPass is a next-generation payment card and savings club for food. With one pass for all your foods, always get the best deals and never ask yourself “What's to eat” again!

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Company Image

REASONS TO INVEST

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FoodsPass was recently shortlisted for “Most Fundable Company 2021” by Pepperdine University, the Techstars x Western Union Technology Accelerator and the Kroger Innovation fund.

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FoodsPass aims to capture a $115B serviceable obtainable market, which is roughly 10% of the $1.62T serviceable addressable market (US food and beverage purchases 2020).

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FoodsPass already has a waitlist of 5,000 and has signed marketing agreements to work alongside popular food and beverage brands like Kroger, Starbucks, Recess Drinks & 60 more.

TEAM

Travis Siflinger

Travis Siflinger • Founder & CEO

Born & raised in LA, Travis demonstrates a notable capacity of translating strategic vision into high-value IP development, marketing, licensing & sales to drive maximum ROI for influential lifestyle brands & corporations from fintech to fashion.

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Thomas Dorwart, Esq.

Thomas Dorwart, Esq. • Legal Counsel

Thomas is an Attorney with strong experience in cross border collaboration at Goosmann Law Firm in Omaha, NE, whose managing partners have over 20 years of deep experience in finance & technology.

Matthew Andrejkovics, MBA, CPA

Matthew Andrejkovics, MBA, CPA • Financial Advisor & CPA

With a diverse background that includes accounting, M&A advisory, small business management & equity research, Matthew is a licensed CPA providing CFO & related advisory services to technology startups.

The graphics shown on this campaign page contain images of FoodsPass' beta app which is currently not available for general use. FoodsPass' is currently pre-revenue.


The “future of food” 

FoodsPass is made up of a team of global fintech specialists, entrepreneurs, and foodies. We connect communities to more affordable food, whether that’s at the grocery store, farmer’s market, dining out, delivery, or more! FoodsPass uses data to advocate for sustainable supply chains, for the people and the planet.

With our US launch this year, and thousands of active members required to reach profitability, we believe in the power of crowdfunding to get us to the next big milestone, while creating wealth for our early investors.

The Problem


The missing layer of our foods ecosystem

The average American spends more money on food than entertainment, health care, personal insurance, and education. We want to save money on it, but juggling different retail choices, apps, coupons, credit cards, and points eat into our time.

The emergence of large food-technology brands in the last 5 years has fragmented a delicate ecosystem, leading to inflated costs for consumers, and pushing small business owners to the verge of bankruptcy without offering a streamlined payment and savings solution to save more on everything we eat.

Source 

The Solution


Eat now, pay later, save more

FoodsPass isn’t just another rewards program. We’re brand, retailer, and product agnostic. This means members can always access the best deals, no matter where they go to eat. Our members earn an average of $950 per year, with 4-40% standard cashback on all food & beverage purchases. Finally, seamless savings, every time!

*The above graphic contains images of our beta app which is currently not available for general use

The Market


Our target market is worth +$100 billion 

We aim to capture a $115B serviceable obtainable market, roughly 10% of the $1.62T serviceable addressable market (US food and beverage purchases 2020), with a global brand opportunity of over $16.55T total addressable market size (Global food & beverage purchases 2020). 

FoodsPass is a truly unique, turnkey “fintech” opportunity, which we believe will yield major returns for our SEED investors!

Our Traction


Partnerships in place with major industry players, alongside a waitlist of thousands

Most recently, we’ve signed marketing agreements to work alongside popular brands like Recess Drinks, Starbucks, and Kroger. We’ve been able to organically leverage social media, email campaigns, and guerilla marketing into a waitlist of over 5,000 and were recently shortlisted for “Most Fundable Company 2021” by Pepperdine University, as well as the Techstars x Western Union Technology Accelerator. FoodsPass also intrigued Shark Tank’s Kevin O’Leary and was invited to solicit SEED funding with StartEngine, when we pitched our product on Clubhouse.

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Our CEO holds a key relationship with a UK fintech enabler backed by Visa®, and we’re currently securing BIN Sponsorship with a major US bank, positioning us to be the first fintech in America using these superior UK technologies. Our CTO is currently developing an elegantly simple app to accompany our deals database, and Visa cashback card as we strategically plan our product launch by the 3rd quarter of 2021. 

What We Do


Disrupting the digital couponing ecosystem used by over 145M Americans

FoodsPass goes beyond what a typical savings app or broad-use credit card can do, automating an antiquated redemption and cashback process that is currently the status quo in the offline/online world of food. In creating the first payments card dedicated to food savings and largest searchable database of food deals, our proprietary technology analyzes relevant transactions against aggregated offers, and seamlessly issues the highest cashback in the industry, without any further steps required.

*The above graphic contains images of our beta app which is currently not available for general use

The Business Model


A uniquely blended business model that profits from multiple revenue streams

FoodsPass generates revenue when our credit cards are used, either through interchange fees paid for by merchants who accept our cards or as a percentage of return on any interest rates or membership fees. We also accrue advertising revenues, through coupon redemption, affiliate fee earnings and targeted advertising packages.

Connecting savings-hungry members with data-hungry brands, FoodsPass serves as a discovery platform for our food and beverage partners. As you get paid to eat, our intermediary marketplace will increase in value as we leverage member purchasing power around data to provide more accurate predictions of food-purchasing trends, yielding profits for all.

How We Are Different


Building community, simplifying food savings, and upsetting industries from fintech to food!

We are confident in our ability to cost-effectively stand out with unique marketing, profitable partnerships and strong branding. Discount clubs, digital coupon platforms, and other savings-related programs are available for those who want to save, but with FoodsPass you get the convenience of saving on everything, with one streamlined solution.  


At a time when brands are trying to divide and box us in by race, gender, lifestyle, dietary and political preferences, FoodsPass is bringing people together through a shared affinity of food! 

The Vision


Bringing people together, while building a better future, one bite at a time

Our aim is for FoodsPass to become the “top of mind” solution for food payment/savings across the US, within 18-24 months. We plan to achieve this by building a strong community of foodies who refer their friends to our app at FoodsPass.com 


Within 48 months, we believe FoodsPass has the potential to help 100 million Americans eat smarter, while advocating for sustainable supply chains, donating meals, minimizing food waste, and maximizing community spending!

OUR LEADERSHIP


A diverse team that holds extensive experience across disciplines

At FoodsPass, our executive team is made up of diverse finance, legal, compliance, performance marketing, and business development executives, as well as web engineers and designers with extensive experience managing complex projects for lifestyle and corporate brands worldwide.


We’re in active communications with a major US bank, award-winning UK technology enablers, and top-tier VC firms like Sequoia Capital.

Why Invest


2021 is the perfect storm and we’re ready for hypergrowth!

Trending Google searches for “best credit card for groceries” prove that there is unmet demand for a product like ours. At FoodsPass, we’re building a unique platform for food savings, at a time when some of the best finance and tech investment opportunities are emerging! We believe FoodsPass offers the kind of dynamic business opportunity that sophisticated fintech investors crave. 

*The above graphic contains images of our beta app which is currently not available for general use

With key partnerships in place and an aggressive launch strategy, we believe that FoodsPass represents the future of food savings and we look forward to growing a profitable business together!

THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY.  THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT.  WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD-LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS.  INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE.  THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

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ABOUT

HEADQUARTERS
4533 MacArthur Blvd. Suite A-2193
Newport Beach, CA 92660
WEBSITE
View Site
FoodsPass is a next-generation payment card and savings club for food. With one pass for all your foods, always get the best deals and never ask yourself “What's to eat” again!

ALL UPDATES

12.14.21

Positive Market Feedback!

Our vision is to be the leading fintech company in the food industry & #1 in food savings! As the missing layer of the global foods ecosystem, our food savings club benefits our members, our business partners, and our mission of connecting communities to more affordable food. 

Since officially launching our v2.5 iOS app last week, we’ve had over 300 total downloads in this first member cohort & are already seeing a 52.25% engagement rate! With an average conversion rate on the App Store of 2%, ours is 6.77% & as high as 28.57%.

We're excited by strong market appeal for our unique brand & proposition. With 30%+ weekly average growth, over 60% of website visits are direct, which means “FoodsPass” stays top of mind. Instagram is a popular growth channel for us, with over 1,000 organic fans @Foods3.0

  • Top Markets: CA, AZ, TX, FL

  • 60% Women, 40% Men

  • Top Ages: 20-39

From grocery chains digitizing their deals, premium CPG brands upgrading their sampling efforts, independent restaurants looking to engage with real, local customers & more, we have 50 datasets in our B2B brand portal, giving us access to 500,000+ F&B brands, vendors & venues, from cool to corporate.

FoodsPass has earned press on Pursuitist, Digital Journal, Market Scale, Market Watch, TechCrunch, FOX, Benzinga & more! Our college ambassador program just distributed 1000’s of flyers to promote our app launch, with a billboard campaign rolling into 31 markets.

If you're considering an investment, now is the time, with only 8 days left!


12.08.21

3 Reasons Why You Should Invest 📈

Hello,

Thanks to all who invested in our first crowdfund. My team & I are grateful for your support! If you're considering an intelligent investment, below are 3 reasons why you should invest:

1) FoodsPass was recently shortlisted for “Most Fundable Company 2021” by Pepperdine University, the Techstars x Western Union Technology Accelerator and the Kroger Innovation fund.

2) FoodsPass aims to capture a $115B serviceable obtainable market, which is roughly 10% of the $1.62T serviceable addressable market (US food and beverage purchases 2020).

3) FoodsPass already has a waitlist of 10,000+ and has signed marketing agreements to work alongside popular food and beverage brands like Kroger, Starbucks, Recess Drinks & many more.

There's a limited window for you to become one of our first angel investors & this is the last full week of our campaign, so if you want to invest, now is your chance, as we're already in touch with multiple VC Firms & Family Offices from TechCrunch Disrupt for further capitalization efforts.

Respectfully,

Travis Matthew Siflinger

Founder & CEO

12.04.21

Foods 3.0

In 2020, 1 in 8 Americans weren’t able to afford the food they needed. These people had to choose between paying for rent, medicine, or bills. At the same time, 40% of all food in America is wasted each year - $161 billion worth! 

These numbers are staggering, but as the missing layer in the global foods ecosystem, we have the chance to make a difference. Our business model and products clearly benefit consumers, our brand partners, and our mission of connecting communities to more affordable food. We don't profit from you, we profit with you, and together we can change the future of food. 

We’re beyond excited to launch our v2.5 app and website this month! We can't wait to share more, and also tell you 3 reasons why investing in FoodsPass can yield an outsized ROI. Thank you for your support. This round is almost over, so if you've been considering an investment or want to double down, then let's come together to eat and make a real impact this holiday season!


Respectfully,

Travis Matthew Siflinger

Founder & CEO



12.03.21

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, FoodsPass has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in FoodsPass be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

11.29.21

Happy Thanksgiving!

FoodsPass is committed to donating meals to families-in-need as a part of our business model.

Last weekend we donated 1,000 turkeys, 10,000 canned goods, $5,000 in Kroger eGiftCards & Diamond Supply clothes for all the kids who attended our Turkey giveaway in Long Beach, CA. In collaboration with The Local Hearts Foundation, "Diamonds & Turkeys" was a huge success & we couldn't be more grateful. 

Watch the video to see highlights from the day! We can't thank you enough for your continued support & look forward to sharing more successes with you. 

We only have 4 weeks left for you to invest on StartEngine!

Are you with us? Join the club and let’s disrupt an antiquated ecosystem, as we increase food affordability in our communities. 


11.17.21

The missing layer in the global food ecosystem.

As we approach the holidays we're reminded of our mission to connect communities to more affordable food!

This year we partnered with the Local Hearts Foundation & Diamond Supply Co. to give away 1,000 Turkeys to families in Long Beach, CA! This is truly an amazing event that will be taking place this Saturday, November 20th.

Thank you to everyone who has invested in FoodsPass, Inc. We have only have 5 short weeks left here on StartEngine, so if you’re still thinking about investing, now is the time! 

Be one of the first to receive your own FoodsPass Visa® card when you join the waitlist at FoodsPass.com.



11.11.21

Together, we can create the future of food.

It’s hard to believe that we're approaching the holidays and getting close to finishing up the year. We're so grateful to look back at our growth throughout 2021, but this is just the beginning! 

We are continuing to expand our partnerships with new F&B brands such as Palmetto Superfoods, Proper Wild & so many more. 

The organic impressions of "FoodsPass" in the iOS app store is showing positive results and our conversion rate for installs is up to 4% higher than the app store average, reinforcing consumer demand in the market. We haven't even started any promotions yet!

In June of this year, we were named one of seven strong start-ups to buy right now by Investor Place, and since then our StartEngine investment has more than doubled, so if you're tired of getting gassed & are seeking an outsized ROI opportunity, please reach out to us anytime at hello@foodspass.com with your questions!

Thank you for your support & we look forward to welcoming you to #teamfoods



11.04.21

Let's eat.

It’s been a busy few weeks wrapping up our trips to New York and Las Vegas to meet with our bank, investors, F&B brands, & major grocery stores. 

As we add hundreds of new deals every week & expand our reach across the U.S, we get closer to putting our card in the hands of our growing waitlist of members. We're thrilled to share the design of our Visa® cashback card!

As a next-generation food savings club, FoodsPass is more than a cashback credit card & we're building a community of foodies who want to easily save more on all food purchases. 

As we make an impact by merging FinTech x FoodTech, your investment allows us to disrupt the status quo & bring technical innovation to a space that has been overlooked for decades. 

Check back soon for more updates!

10.31.21

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, FoodsPass has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in FoodsPass be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

10.20.21

Thank You!

We just surpassed $50k in funding on StartEngine, and wanted to say thank you for your support! We’re thrilled to hit this milestone, but even more excited about where we are headed! 

Our success would not be possible without the collaboration of our investors, brand partners, and team. Together we’re working to create the missing layer in the global foods ecosystem, bringing people together through food, while helping families in need!

Check back soon for more updates on what we are up to, as we aim to become #1 in food savings! 

Have any questions about FoodsPass? You can always reach out to us at: hello@foodspass.com


REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign reward.
Venture Club

Venture Club

Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).

$250

COFFEE & DONUTS

Free membership for 1 year + $10 Dunkin Donuts eGiftCard or our Virtual Visa®. PLUS we’ll donate 1 meal to a family in need.

$500

GET JUICED

5% bonus shares + $50 Jamba Juice eGiftCard or our Virtual Visa® + Free membership for 1 year. PLUS we’ll donate 10 meals to families in need.

$1,000

PIZZA PARTY

7% bonus shares + $100 Papa John’s eGiftCard or our Virtual Visa® + Free membership for 2 years. PLUS we’ll donate 20 meals to families in need.

$2,500

FILL THE FRIDGE

10% bonus shares + $250 Kroger eGift card or our Virtual Visa® + Free membership for 2 years. PLUS we’ll donate 50 meals to families in need.

$5,000

FEED THE HUNGRY

10% bonus shares + $250 FoodsPass Virtual Visa® card + Free lifetime membership. PLUS we’ll donate 500 meals to families in need.

$10,000

FOODSPASS, INC.

10% bonus shares + $250 FoodsPass Virtual Visa® card + Free lifetime membership + VIP corporate access. PLUS we’ll donate 500 meals to families in need.

JOIN THE DISCUSSION

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Thomas Mueller

7 months ago

Earlier today I received an email from Startengine regarding the "Q3 Update from FoodPass" status update. Unfortunately, the latest update I see here is from 2021. Am I missing something?

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Travis Siflinger

FoodsPass

7 months ago

Hi Thomas, Thanks for your support. Please email us if you have any further questions: Hello@FoodsPass.com

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Robin Perkins

10 months ago

Congratulations on making big strides forward! Thanks for the update and good luck!

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Robin Perkins

2 years ago

The Google Play Store shows that the FoodsPass app has about 50 downloads. It also shows that no updates have been made to the app since this offering closed. What is the status of this company?

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Travis Siflinger

FoodsPass

2 years ago

Hi Robin, We just sent out an investor update & you are more than welcome to respond there to discuss status of the business.

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Robin Perkins

3 years ago

I'd like to see an update on how our investment in FoodsPass is doing.

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Marc Russell

4 years ago

I am intrigued. I like the idea of using the one credit card that has pre-loaded all the coupons. Is FoodsPass only focused on the food market? Will it take into account any of the BOGO offers? I know half the coupons I see on my Kroger app are for toiletries and other household items. Or what about other reward programs like McDonalds or the coupons in the mail for other fast food places which has special offers will those be automatically included? Will the app show which items received an automatic coupon (when purchasing groceries)? How many current beta users are using the app? I see the perks include memberships, how much is that? I would think that fee could be offset by the credit card fees and the interest you receive. I do like the idea of a premium membership for a higher cashback or additional coupon service.

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Travis Siflinger

FoodsPass

4 years ago

Hi Marc, Thanks for your support & we're glad that you like our next-generation card. We're exclusively dedicated to food savings, but don't fret. If you are purchasing other items, we won't stop the transaction & leave you paying with 2 cards at checkout. We are planning for all of your favorite 3rd party apps & retailer reward programs to be seamlessly integrated into our app, for a true "super app" around all of your food needs. You'll see relevant purchases & cashback details in the app, so that you know how much we saved you on all purchases, from all vendors. Additionally, you can browse our app when you're hungry & browse 1000's of local deals around you- to help inspire your next purchase, while saving you more money. You can download our app next week & be one of our early beta users, although we have close to 500 beta testers right now. We're currently sorting out the full program dynamics with our banking & technology partners, but are targeting a $2/month membership fee for "max savings", which will save the average family $950 per year on average. Please let us know if you have any additional questions!

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Anton Maksimov

4 years ago

very cool product. I want to invest. The main question concerns the core business model. You write that you will be able to change the coupon market. You also write that the coupon agents themselves are in the earnings scheme. How is integration with coupon agents possible if their business model requires 1) to buy a coupon, 2) to present it BEFORE buying 3) there are restrictions on the number of buyers and other difficulties. in your model, there is no need to show a coupon, that is, you charge a discount in the form of a cashback. These 2 models are not compatible with each other. How do you plan to charge commission: coupon agents or will grocery stores and restaurants pay commission directly to you?

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Travis Siflinger

FoodsPass

4 years ago

Hi Anton, Appreciate your interest. We'd love the support as we create our legacy! Per your question, we have multiple revenue streams on the deals side of our business. We have partnerships with 3rd party affiliate networks (deals/coupon agents) where we will earn fees of 7-30%. In addition, we're engineering a "self-service" vendor platform, which will allow us to directly list offers & earn fees from grocery store/restaurants/brands/etc. -where we are ultimately headed via targeted advertising. In September, we're planning to be at Groceryshop 2021 in Las Vegas, NV where we'll be meeting with key contacts from all of the above sources & more. Please let us know if you had any other questions & enjoy your day!

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Samuel Azair Azair

4 years ago

How is a company with no revenue, no plan to start generating revenue until 2022, and a year 1 revenue projection of 250k valued at 12.5 million? It's all great to talk about how big the industry is and how much potential there is, but if you haven't even started generating revenue, it seems disingenuous to value your company at 12.5 million. That being said, I think this is a really cool idea and absolutely love the donating meal aspect of it, I just have a problem with the valuation. Looking forward to hearing your response.

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Travis Siflinger

FoodsPass

4 years ago

Morning Samuel, To determine company valuation, we consulted with industry advisors who have deep experience in this space. We first used the Berkus method of valuation to assess the sound idea, proof of concept/prototype, quality of founders/management, strategic relationships and potential. Alternatively, we reviewed crunchbase data, which confirmed other fintech start-ups at our stage received pre-launch seed investment at valuations between $5-100M that contributed to hypergrowth unseen in most other industries. We have significant food industry partnerships already lined up, and we are working with a bank to negotiate a BIN. Further, we have had significant early interest from multiple VCs and angel investors, which tells us that the company has value and will only increase in value, with more interest. The rational basis for our valuation comes from working with industry experts from the UK who have already launched and grown other fintechs into unicorn status and who have unique technology that FoodsPass is positioned to utilize in America. Based on our industry experts, unique technology, fintech data, user waitlist and beta testing, virtual credit card launch this month, and significant VC interest, we have a rational basis for a $12.5M valuation. Our users are active and will continue to grow in the next 3-6 months. With a uniquely blended business model, FoodsPass will earn interchange and interest fees on transactions and subscriptions, and ad revenue and affiliate earnings from food and beverage brands. We see the need for long-term users, people who will use our fintech product over their lifetime for food and grocery purchases. The target demographics are in great need of such a service as no similar service exists, despite the popularity of DoorDash, UberEats, and other ordering services, though those services do not provide credit.

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Angela Zaitz

4 years ago

What is the cost to the consumer. Is there a membership fee, a fee for the app? Are you required to use your Visa card to purchase? What are the fees and interest rate of your Visa card?

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Travis Siflinger

FoodsPass

4 years ago

Morning Angela, Our forthcoming app will be free for the consumer & offer access to the largest database of food deals. Using our accompanying credit card will offer even more savings & ease for members- we’re targeting a $2/monthly membership fee with a free promotional period. We’re now in active conversations with the bank/tech partners to formalize our fuller program dynamics, including APR’s, but aim to offer one of the best programs industry wide. We look forward to sharing more asap!

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Mohammad Haider

4 years ago

Thanks for the quick reply.. Here are follow up questions- 1. Let's say Doordash start this, how do you compete with them. 2. The apps is not even in beta state how come the valuation is 12.5M? Please explain more. 3. Why offering common share not preferred?

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Travis Siflinger

FoodsPass

4 years ago

Good Evening Mohammad, 1. In this first scenario, members can still pay with FoodsPass as their preferred pay method. Generally speaking, there’s bound to be more competition as businesses strategically “pivot” & copy cats want a piece, but that proves the opportunity we’ve spotted & are pioneering. With an elegantly simple app, a strong technology play & key banking relationships, we have several unique points of distinction to play into & offer a differentiated consumer experience, driven by brand. 2. If you read our Form C, you’ll be able to review the reasonable basis of valuation, but considering our waitlist, partnerships, comparable fintech valuations & the market opportunity, our legal counsel & fuller team believes we are best positioned for long term success with the current valuation, which will offer an outsized ROI once we find success. 3. Our authorized shares are all common stock, so you are owning the same class of stock as the founding team.

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Mohammad Haider

4 years ago

I am interested. Have couple of questions- 1. Who is your competitor? If there are other competitor how do you success over them? 2. What are your revenue generating schemes? 3. Is just just food or promoting health foods here. 4. Any revenue projections for next couple of years. 5. Are there any premium paid service to get extra discount or just coupons?

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Travis Siflinger

FoodsPass

4 years ago

Hi Mohammad, 1. While you might think of some of the market players as competition, we don’t have any direct competitors at this time, as we’re pioneering a new space, taking inspiration from different areas & companies. While it’s likely there will be followers/players who pivot their business, we believe that our brand, marketing & focus on food will position us as the ubiquitous market leader. 2. We have several revenue streams, including credit card earnings, deals earnings & targeted advertising earnings. 3. We don’t judge… you can use FoodsPass to buy any food, no matter your dietary preferences. With that being said, we look forward to helping members eat smarter. 4. While we are anticipating hyper growth post-launch, we’ve set conservative revenue goals to break $4.4M in revenues in the coming years. 5. As we look to kill the coupon as you know it, we’re developing a few different tiers of savings- from a freemium open banking solution to our dedicated payment card, which will yield max savings. Please let us know if you have any other questions!

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At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.

Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.

StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.

For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.

For Regulation A+, StartEngine allows for a four-hour cancellation period. Once the four-hour window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation policy in the company’s offering circular.

Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.

Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.

Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.

MIN INVEST
$248.22
VALUATION
$12.51M

Important Message

IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.

www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.

Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary LLC (“SE Primary”), a broker-dealer registered with the SEC and FINRA / SIPC. You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system (ATS) regulated by the SEC and operated by SE Primary. SE Primary is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.

StartEngine facilitates three types of primary offerings:

1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.

Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice concerning any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy, or completeness of any information. Neither StartEngine nor any of its officers, directors, agents, and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site.

Investing in private company securities is not suitable for all investors. An investment in private company securities is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. Each investment also carries its own specific risks, and you should complete your own independent due diligence regarding the investment. This includes obtaining additional information about the company, opinions, financial projections, and legal or other investment advice. Accordingly, investing in private company securities is appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment. See additional general disclosures here.

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Canadian Investors

Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.

California Investors Only – Do Not Sell My Personal Information (800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.

StartEngine Marketplace (“SE Marketplace”) is a website operated by StartEngine Primary, LLC (“SE Primary”), a broker-dealer that is registered with the SEC and a member of FINRA and the SIPC.

StartEngine Secondary (“SE Secondary”) is our investor trading platform. SE Secondary is an SEC-registered Alternative Trading System (“ATS”) operated by SE Primary that matches orders for buyers and sellers of securities. It allows investors to trade shares purchased through Regulation A+, Regulation Crowdfunding, or Regulation D for companies who have engaged StartEngine Secure LLC as their transfer agent. The term “Rapid,” when used in relation to transactions on SE Marketplace, specifically refers to transactions that are facilitated on SE Secondary, This is because, unlike with trades on the StartEngine Bulletin Board (“SE BB”), trades on SE Secondary are executed the moment that they are matched.

StartEngine Bulletin Board (“SE BB”) is a bulletin board platform on which users can indicate to each other their interest to buy or sell shares of private companies that previously executed Reg CF or Reg A offerings not necessarily through SE Primary. As a bulletin board platform, SE BB provides a venue for investors to access information about such private company offerings and connect with potential sellers. All investment opportunities on SE BB are based on indicated interest from sellers and will need to be confirmed. Even if parties express mutual interest to enter into a trade on SE BB, a trade will not immediately result because execution is subject to additional contingencies, including among others, effecting of the transfer of the shares from the potential seller to the potential buyer by the issuer and/or transfer agent. SE BB is distinct and separate from SE Secondary. SE Secondary facilitates the trading of securities by matching orders between buyers and sellers and facilitating executions of trades on the platform. By contrast, under SE BB, SE Primary assists with the facilitation of a potential resulting trade off platform including, by among other things, approaching the issuer and other necessary parties in relation to the potential transaction. The term “Extended”, when used in relation to transactions on SE Marketplace denotes that these transactions are conducted via SE BB, and that these transactions may involve longer processing times compared to SE Secondary for the above-stated reasons.

Even if a security is qualified to be displayed on SE Marketplace, there is no guarantee an active trading market for the securities will ever develop, or if developed, be maintained. You should assume that you may not be able to liquidate your investment for some time or be able to pledge these shares as collateral.

The availability of company information does not indicate that the company has endorsed, supports, or otherwise participates with StartEngine. It also does not constitute an endorsement, solicitation or recommendation by StartEngine. StartEngine does not (1) make any recommendations or otherwise advise on the merits or advisability of a particular investment or transaction, (2) assist in the determination of the fair value of any security or investment, or (3) provide legal, tax, or transactional advisory services.