Premium multi-country payroll software

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Security Type
Crowd SAFE
Min Investment
Offering Date
September 15, 2023
Expected Close Date
April 30, 2024
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Company Description

Problem: Global Payroll Complexity

Key Deal Facts

Profitable Payroll SaaS
~ 600 monthly paying customers
Average 220 inbound trial signups monthly
40% YoY Growth
Processed more than $90,000,000 worth of payroll
Winner of Go Global Awards in FinTech, 2021
Top 10 HR Tech Startups in HR Tech Magazine

Management Team / Advisory Board Bios

Brad Price
Founder / CEO

Darius Franken
Lead Developer

Ruan Vlok
Senior Software Developer

Darren Brockett
Product Owner

Kieran Rosenberg
Automated QA Engineer

Ben Stofberg
Software Developer

Andrea Calderon
Customer Support / Sales

Kyle Pearce
Customer Support / Sales

Gareth Price
Fractional CFO
Amount Raised : $39,763
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Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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