Easy Expense

FinTech using AI to turn your phone into an automated expense tracker.

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Form C
View on Republic
Security Type
Crowd SAFE
Min Investment
$100
Location
SIOUX FALLS, SD
Offering Date
September 07, 2022
Expected Close Date
April 30, 2023
Target Raise
$25.00K-$800.00K
No. Investors
156
Security Price
$1
Website
easy-expense.com
Number of Employees
0
Cash
$36,515
Revenue
$190,378
Short Term Debt
$71,558
Cost of Goods
$55,683
Long Term Debt
$0
Net Income
$-9,727

Company Description

Among the most common challenges encountered by companies, missing paper receipts topped the list — with as many as 50% of respondents saying it was one of their major pain points while tracking expenses.*

Perks

Reserve
$500
Receive
Your name will be added to the investor list in the Easy Expense mobile app

Reserve
$1,000
Receive
Lifetime Easy Expense premium for teams up to 5 users

Reserve
$5,000
Receive
Life time Easy Expense premium for teams up to 100 users

Reserve
$10,000
Receive
Hour long video call with Eli. Discuss strategic vision & road map

Reserve
$25,000
Receive
Advisor—join our quarterly update and planning calls. Direct communication with founders.

Key Deal Facts

😡 Solves businesses most hated task
🚀 100K organic app downloads within the first year
💸 Over $217,000,000 in tax deductions found & 3,000,000+ receipts scanned
🤖 Large datasets used to train advanced AI and OCR receipt scanner
🏦 Links with over 11,000 financial institutions for automated tracking
🔥 700% YoY revenue growth

Management Team / Advisory Board Bios

Elijah Bucher
CEO
Demonstrated history of helping mobile app startups improve their products and revenues as a growth engineer. Always focused on building things people actually use. Solo coded an Android app with 100,000+ users while still in high school.

William Matous
Full Stack Engineer
With expertise in everything from AI modeling to API development to building high performance mobile applications. Excels in building and shipping products quickly. Turned down job offers from prior industry connections to pursue Easy Expense.

Stephen Laughton
Frontend Engineer
Senior mobile engineer with many years of experience working with cross platform mobile code bases. One of the first employees through to acquisition at similar mobile SaaS company Invoice Simple.
Amount Raised : $110,575
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Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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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
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Valuation

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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