Crowdonomics
WatchlistPortfolio
All companies
TurboPass Corporation logo

TurboPass Corporation

Operating

Fintech · Founded 2018

Visit website

Paperless and instant way to verify income when buying a car

Post-money valuation ⓘ
$20.1M
As of Jun 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$2,397,123
Crowd $112K · Private $2.3M · 4 rounds since 2018
Latest share price
$1.01
Reg CF · Preferred Stock · May 2023 offering price

Financials

FY2017–FY2022 (no data for FY2020) · from SEC filings · hover any figure for its source
$0
2017
$17K
−$36K
2018
$48K
−$221K
2019
2020no data
$1.4M
−$144K
2021
$2.3M
−$530K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2017 reviewed*
FY2018 reviewed
FY2019 reviewed
FY2021 audited*
FY2022 audited*
Income statement
Revenue
$0
$17,100
$47,765
$1,404,889
$2,257,591
Cost of goods sold
$0
$17,000
$33,000
$401,591
$593,719
Gross margin
—
1%
31%
71%
74%
Net income
$0
-$35,912
-$220,508
-$144,105
-$530,114
Taxes paid
$0
$0
$6,820
$0
$0
Balance sheet
Cash
$0
$24,791
$1,254
$186,098
$1,403,657
Accounts receivable
$0
$0
$618
$6,268
$35,727
Total assets
$0
$24,791
$1,254
$306,650
$1,567,140
Short-term debt
$0
$10,970
$44,599
$0
$17,350
Long-term debt
$0
$0
$225,618
$0
$0
Total liabilities
$0
$10,970
$270,217
$0
$17,350
Other
Headcount
—
2
2
—
2

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
$5.0M
Valuation cap
$20.1M
pre-money
Reg CF · Note · Sep 2019
Reg CF · Preferred · May 2023

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

$1.01$0.505$0.9898
Jan 2023May 2023
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.

Fundraising history

Reg CF · Preferred Stock · May 2023Withdrawnvia StartEngine
Raised $31.5K / $1.2MInvestors 24Post-money $20.1M
Section 4(a)(2) · Preferred Stock · Jan 2023Closed
Raised $2.1M
Reg CF · Convertible Note · Sep 2019Closedvia WeFunder
Raised $80.6K / $1.1MInvestors 160Valuation cap $5M
Rule 506(b) · Equity · Nov 2018Closed
Raised $135KInvestors 11

Team

7 people
Mike Jarman
CEO
Ken Jarman
COO
Lou Loquasto
Chief Revenue Officer
Zahid Kassem
Chief Product Officer
Jude Samson
Board Member
Mark Vasquez
Board Member
Tyler Lackey
Board Member

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

Not requiredFewer than 300 holders of record

Filed 1 of 7 annual reports (FY2019–FY2025)

160 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 CJun 2, 20230001665160-23-001338
    EDGAR
  • Form C-ARJun 12, 20200001670254-20-000513
    EDGAR
  • Form CSep 26, 20190001670254-19-000547
    EDGAR
  • Form DSep 24, 20190001789145-19-000002
    EDGAR
Source: ManualCIK 0001789145Share price $1.01

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.