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PAYDOWNHERO

Operating

PayDownHero, Inc.

Fintech · Founded 2018

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A round-up app that helps users CRUSH their auto loans

Valuation cap ⓘ
$5.5M
As of Oct 2021 · from Reg CF Offering (2021) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$176,318
Across 1 round since 2021

Financials

FY2018–FY2019 · from SEC filings · hover any figure for its source
$0
−$219K
2018
$93
−$97K
2019
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018 unaudited
FY2019 unaudited
Income statement
Revenue
$0
$93
Cost of goods sold
$16,767
$16,362
Gross margin
—
-17484%
Net income
-$218,981
-$97,368
Taxes paid
$0
$0
Balance sheet
Cash
$2,504
$11,596
Accounts receivable
$0
$0
Total assets
$2,504
$11,596
Short-term debt
$181,385
$275,779
Long-term debt
$0
$0
Total liabilities
$181,385
$275,779
Other
Headcount
—
3

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

Valuation caps on SAFE / convertible note rounds
$5.5M
Valuation cap
Reg CF · Note · Mar 2021

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Reg CF · Convertible Note · Mar 2021Closedvia WeFunder
Raised $176.3K / $250KInvestors 64Valuation cap $5.5M

Team

2 people
Erik RuedaFounder
Founder + CCO
Kenneth SargavakianFounder
Founder + CEO

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 0 of 6 annual reports (FY2020–FY2025)

Missing: 2020, 2021, 2022, 2023, 2024, 2025

64 investors
holder-count proxy

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

SEC filings

  • Form CFeb 22, 20210001670254-21-000181
    EDGAR
Source: ManualCIK 0001846879

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.