Yellowpay

Revolutionary payment solution for the construction industry

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Security Type
Convertible Note
Categories
Technology, Financial Services, Infrastructure
Min Investment
$100
Location
Palo Alto, CA
Expected Close Date
April 30, 2023
Target Raise
$400.00K-$1.07M
No. Investors
145
Security Price
$1
Website
getyellowpay.com
Number of Employees
5
Cash
$197,499
Revenue
$230,694
Short Term Debt
$1,463
Cost of Goods
$223,631
Long Term Debt
$221,181
Net Income
$3,600

Key Deal Facts

๐Ÿค $150M in signed credit agreements over next 12 months
๐Ÿ’ต $5.4M in projected annual revenue from existing signed credit agreements alone (not guaranteed)
๐Ÿš€ Platform is already benefiting from network effect and viral growth
๐ŸŽฏ Disrupting $296 billion construction materials market
๐Ÿ“ˆ Signed agreements projected to grow to $1 billion by 2026 (not guaranteed)
๐Ÿ’ก Providing liquidity to companies in massive construction market by offering flexible payments
๐Ÿ†Fast and flexible invoice payment solution tailored for contractors and their material suppliers
โŒšVC investors from Strawberry Capital and Ferd.

Management Team / Advisory Board Bios

Rune Skog CEOHighly experienced entrepreneur, 2 successfull startups | MS/BS from UCSD | Extensive experience from the construction industry, Bjรƒยธrnar Skog CTOSolid CTO with 20+ years of experience | Managed teams of 5-20 people | Highly experienced developer, Nathan Kannady Chief Commercial OfficerSolid CCO with 12 years of Sales manager experience | Managed teams of 5-30 sales people | Extensive experience from the construction and credit industry, Jason Kannady Director of fulfillment14 years of experience as a controller in the construction space, responsible for all financial operations including underwriting and credit checks.
Amount Raised : $526,396
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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