Swell Financial, Inc.

Swell Financial, Inc.

Let’s Make Bank Together!

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Security Type
Technology, Retail, Financial Services
Min Investment
Boulder, CO
Expected Close Date
March 31, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

A new financial app built for Strivers – millions of working Americans who want to build wealth
A $1 trillion consumer banking market and an underserved consumer segment
A leadership team with decades of experience in financial services & a track record of prior success
Built a community of nearly 4,000 Strivers
Raised $10 million in capital from investors and strategic partners
Unique opportunity to be both an investor and a customer
Swell's founder and executive team are personally investing in this financing

Management Team / Advisory Board Bios

Kevin Dahlstrom Founder & CEOProven entrepreneur with 17 years in financial services. Founder/early exec in multiple companies & CMO for 2 public companies. Acquired over 1M customers in previous ventures. Personal finance & investing influencer with 30k+ twitter followers., Ryan LaMountain Chief Technology and Product OfficerOver 10 years of experience in financial services leading product, technology and design teams at Central Pacific Bank, BOK Financial, Mr. Cooper Group Inc., and Elevate Credit, Inc., Carrie E. Carbone General Counsel, Chief Compliance Officer Experienced attorney with a broad-based corporate background and a clientele that primarily includes non-bank financial services companies, financial institutions, and closely-held corporations. Combines business acumen, pragmatism and a deep understanding of the law with pride in being part of a passionate, focused team of Strivers. Let's Make Bank Together!, Tyler Staebell Chief Operating OfficerAccomplished leader with experience growing and scaling businesses (from 1bn to startup). Diverse background in Finance and Operations working at Technology & Payment Processing companies. Results-driven with a passion for Finance and Technology.
Amount Raised : $504,900
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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