KarbonPay

Premium multi-country payroll software

Claim My Business

Form C

View on Republic

Security Type: Crowd SAFE
Min Investment: $150
Location: RICHARDSON, TX
Offering Date: September 15, 2023
Expected Close Date: April 30, 2024
Target Raise: $50.00K-$4.38M
No. Investors: 93
Security Price: $1
Website: karbonpay.com

Number of Employees: 9
Cash: $60,816
Revenue: $307,800
Short Term Debt: $268,193
Cost of Goods: $17,361
Long Term Debt: $48,437
Net Income: $321,025

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 : $63,763

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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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