Industry:
Finance

Security Type:
Membership Units
Membership Units represent ownership rights in a Limited Liability Company, indicated by the right to receive cash or unit distributions, declared by the Manager(s) of the LLC, and having voting rights in the governance of the Company.

Equity Opportunity

Date Filed:
November 09, 2020

Date Expires:
February 22, 2021

Open to Investors

Platform:
Wefunder

Use of Proceeds

$100,000

• 55% Software Development
• 5% WeFunder Fees
• 1.5% Legal
• 3.5% UX / UI
• 25% Sales & Marketing
• 10% New Hires

$1,070,000

• 55% Software Development
• 5% WeFunder Fees
• 1.5% Legal
• 3.5% UX / UI
• 25% Sales & Marketing
• 10% New Hires The maximum raise gets us additional functionality in 5 countries, rather than 1, max 2. Furthermore, it provides us with the resources to market and sell our product across borders in a meaningful way. We’re also able to make meaningful progress on our UX / UI, and application security, rather than simple cosmetic touch-ups

Management

Brad Price
Founder & CEO
Brad founded Fingo HR in 2016 and grew annual revenues from just $500 to $600,000 in under 2 years. That's a growth increase of 1,200%! He has worked in the US, UK, Canada, Mexico and South Africa, and has led global payroll teams.

Rob Kleifgen
CFO
A seasoned executive with > 17 years of experience providing financial leadership and management. Extensive experience in all aspects of executive financial operations, and several CFO positions held.

Darius Franken
Senior Software Developer / Team Lead
Diploma in Software Engineering and a Microsoft Certification for Developing Web Applications. 15 years dev experience building various products and has led diverse development teams. He has spent 5 years designing and building Payroll Systems.

Andy Sahl
Sales Lead
An experienced technology sales leader and passionate team builder. Previously Andy was the first salesperson at a SaaS startup in workforce metrics that had a successful exit.

Alan Rios Fajardo
LATAM Ops Admin
An experienced HR specialist with experience across sectors. He was responsible for executing the HR transition in Mexico of a multinational in the midst of a $2.1bn M&A. A payroll specialist and has hands-on experience with payroll operations.

Gareth Price
Payroll & Tax Specialist
Experienced in tax, accounting, payroll and fintech, Gareth brings a wealth of insight and experience to the team. He has led global payroll teams, and founded Cloudworx Accounting and Investmint.

Kyle Pearce
EMEA Ops Admin
Kyle brings combined operational experience in customer support, team management, operations administration and project management to the team. He has been instrumental in ensuring the KarbonPay operations run smoothly.

George Greyling
Software Developer
George has a Diploma in Information Technology obtained from the University Of South Africa. He has development experience in the Information Technology Industry and has tackled diverse and complex software systems.

Kieran Rosenberg
Automated QA
Kieran received his Microsoft Certified Software Developer diploma from CTU, and has also earned multiple certificates on SCRUM and management. Kieran has made significant strides in the Automation space, running his own automation teams.

Deal Perks

• Invest $500+ for KarbonPay T-shirt &and Cap
• $1,000+ Free Payroll for 3 months, for any company
• $10,000+ Free Payroll for 6 months for any company
• $20,000+ Free Payroll for 1 Year for any company
• $50,000+ Free Payroll for 3 Years for any company
• Invest $500+ for KarbonPay T-shirt &and Cap
• $1,000+ Free Payroll for 3 months, for any company
• $10,000+ Free Payroll for 6 months for any company
• $20,000+ Free Payroll for 1 Year for any company
• $50,000+ Free Payroll for 3 Years for any company

Additional Reports

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Key Deal Facts

• Global network of customers established, & partnerships in negotiation worth $50-75 Million ARR
• Recurring revenue platform serves 40 companies (200+ users), 0% error rate, growing at 100% MoM
• Software poised to disrupt an industry expected to reach $38.4 Billion by 2027
• COVID has led to a pressing need for remote payroll services & a unique market opportunity
• Innovative, cloud-based platform addresses increasing demands for cost reduction & time efficiency
• 65 combined years of experience in finance and running payroll in 14 countries over 4 continents
• Clear route to market with Xero accounting software integration already secured
• KarbonPay delivers up to 40% savings vs existing payroll providers.

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