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KarbonPay

Operating

FingoPay, LLC

Software & AI · Richardson, TX · Founded 2019

Immigrant-founded

Automating global payroll in the cloud

Valuation cap ⓘ
$15.0M
As of May 2024 · from Reg CF Offering (2024) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$1,548,326
Crowd $1.4M · Private $165K · 6 rounds since 2020
Latest share price
$2.60
Common Stock disclosed sale

Financials

FY2018–FY2025 · from SEC filings · hover any figure for its source
$0
2018
$0
−$3K
2019
$0
−$187K
2020
$9K
$720K
2021
$131K
$206K
2022
$261K
−$135K
2023
$307K
−$58K
2024
$372K
$6K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018 reviewed*
FY2019 audited*
FY2020 audited*
FY2021
FY2022
FY2023
FY2024
FY2025
Income statement
Revenue
$0
$0
$0
$8,514
$131,395
$261,152
$307,085
$371,751
Cost of goods sold
$0
$0
$0
$11,837
$11,273
$11,125
$7,951
$10,259
Gross margin
—
—
—
-39%
91%
96%
97%
97%
Net income
$0
-$2,500
-$187,460
$719,728
$205,938
-$134,746
-$58,460
$5,707
Taxes paid
$0
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$0
$0
$656
$29,330
$35,841
$6,244
$12,904
$423
Accounts receivable
$0
$0
$0
$0
$104,951
$137,688
$139,989
$197,356
Total assets
$0
$0
$1,886
$274,856
$965,117
$887,459
$897,051
$937,435
Short-term debt
$0
$0
$24,345
$52,996
$140,267
$169,343
$148,566
$187,344
Long-term debt
$0
$0
$0
$251,627
$432,305
$366,400
$396,345
$302,189
Total liabilities
$0
$0
$24,345
$304,623
$572,572
$535,743
$544,911
$489,533
Other
Headcount
—
7
13
13
11
8
1
1

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$6.2M
pre-money
$19.3M
pre-money
$13.3M
pre-money
$15.0M
Valuation cap
Reg CF · Common · Nov 2020
Reg CF · Common · Oct 2021
Reg CF · Common · Apr 2022
Reg CF · SAFE · Jan 2024

Blue bars are the pre-money valuation the company stated for a priced round. Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth, so don't compare them with the other bars.

Share price over rounds

$3.85$1.925$1.00
Mar 2020Dec 2022
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Principal holders% as the filing states it, May 2, 2022

  • Bradley S. Price4,021,864 Common Stock78.5%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Reg CF · SAFE · Jan 2024Closedvia Republic
Raised $63.8K / $4.4MInvestors 93Valuation cap $15M
Raised $336.2K / $5MInvestors 131Post-money $13.7M
Raised $251K / $5MInvestors 172Post-money $19.6M
Raised $732.3K / $1.1MInvestors 612Post-money $6.9M

Team

11 people
Bradley PriceFounder
Founder & CEO

Brad is the Founder & CEO of KarbonPay. He previously founded Fingo HR in 2016. 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 years of experience providing financial leadership and management. Previous 6+ years as an investment banker specializing in cash flow modeling, accounting system/procedure due diligence and improvement, and capital investment implementation for small to mid-cap companies.

Andrea Calderón
Spanish Sales & Support
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.

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.

Darren Brockett
Product Owner

An experienced Product Owner with a passion for complex situations, Darren brings years of experience as a Product Owner for API and Web applications as well as full stack API and developement experience. Darren's ability to understand and translate complex tax rules into programable cards for our team is second to none.

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.

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.

Peniel Tambama
Software Developer
Show 2 more people
Ruan Vlok
Software Developer

Software developer with Sukema Integrated Solutions for 3 years 9 months ending August 2018. With Singular Systems, LTD for 2 years 6 months were he started as a Software Analyst (1 year 9 months) and then promoted to Senior Software Analyst (10 months) ending in Jan 2021. Intermediate Software Developer for The Gemini Solutions - the employer of record for some of our development team in South Africa. He is a highly thought of and valuable member of KarbonPay's development team.

Sihle Khonqwana
Sales Associate - South Africa

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 5 of 6 annual reports (FY2020–FY2025)

612 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-ARApr 13, 20260001807844-26-000001
    EDGAR
  • Form C-ARMar 31, 20250001807844-25-000001
    EDGAR
  • Form C-UMay 8, 20240001999378-24-000004
    EDGAR
  • Form C/AApr 8, 20240001807844-24-000005
    EDGAR
  • Form C-ARMar 19, 20240001807844-24-000004
    EDGAR
  • Form CJan 9, 20240001807844-24-000003
    EDGAR
  • Form C-ARMay 1, 20230001670254-23-000475
    EDGAR
  • Form C-USep 30, 20220001665160-22-002547
    EDGAR
Source: ManualCIK 0001807844TXShare price $2.93

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.