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ZipZap

Operating

ZipZap, Inc.

Fintech · Santa Clara, CA

Valuation cap ⓘ
$20.0M
As of Apr 2018 · from Reg CF Offering (2018) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$179,433
Across 2 rounds since 2017

Financials

FY2015–FY2018 · from SEC filings · hover any figure for its source
$145K
−$71K
2015
$14K
−$67K
2016
$14K
−$67K
2017
$11K
−$23K
2018
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2015 unaudited*
FY2016 reviewed
FY2017 reviewed
FY2018
Income statement
Revenue
$145,226
$14,427
$14,427
$11,404
Cost of goods sold
$10,256
$54,150
$54,150
$33,928
Gross margin
93%
-275%
-275%
-197%
Net income
-$71,051
-$66,712
-$66,712
-$22,523
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$57,392
$6,175
$6,175
$1,799
Accounts receivable
$2,952
$2,952
$2,952
$0
Total assets
$83,960
$32,742
$32,742
$36,800
Short-term debt
$2,338,802
$2,325,048
$2,325,048
$2,324,958
Long-term debt
$573,546
$606,046
$606,046
$566,046
Total liabilities
$2,912,348
$2,931,094
$2,931,094
$2,891,004
Other
Headcount
—
7
10
7

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
$20.0M
Valuation cap
Reg CF · Note · Feb 2018

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

Raised $44.5K / $100KInvestors 63Valuation cap $20M
Reg CF · SAFE · Apr 2017Closedvia WeFunder
Raised $134.9K / $1M

Team

3 people
Alan SafahiFounder
Founder, CEO, DIRECTOR

A serial entrepreneur with nearly 30 years of hands-on experience in the information technology and telecommunications industry. Successfully created and managed numerous payment processing startups. Founder & CEO ZipZap, Inc. May 2011 - Present CEO ZED Network Inc. Dec 2017 - Present

Ben McSweeney
Managing Director - UK

Oxford MBA with 7+ yrs in sales and business development, most recently at American Express. Managing Director - UK ZipZap Europe Ltd. (Remittance Provider) Nov. 2016- Present Sales Director METADATA CONSULTING LIMITED (Boutique Consultancy) Nov 2016 – Present Advisor Laundryheap (laundry & dry cleaning startup) Jan 2017 – Present Master of Business Administration Saïd Business School University of Oxford Sep 2015 – Sep 2016

Herbet Magbanua
Managing Director - Canada

Engineer with 18+ years in B2B Sales and business development including Philippine Long Distance Company Managing Director - Canada ZipZap Canada Inc. (Remittance Provider) Apr. 2016 - Present Telecom. Consultant HMM CONSULTANCY (Consulting Company) Aug 2014 – Present Business Manager, Product Mgr., Country Executive PLDT (Telephone Company) Aug 1998 – Jun 2012 Electrical Engineering University of Negros Occidental - Recoletos, Philippines

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 requiredFewer than 300 holders of record

Filed 2 of 9 annual reports (FY2017–FY2025)

63 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 C-ARApr 29, 20190001665160-19-000460
    EDGAR
  • Form C-ARMay 1, 20180001670254-18-000200
    EDGAR
  • Form C-UApr 20, 20180001665160-18-000303
    EDGAR
  • Form C/AApr 4, 20180001665160-18-000266
    EDGAR
  • Form CFeb 2, 20180001665160-18-000097
    EDGAR
  • Form C-UNov 7, 20170001670254-17-000320
    EDGAR
  • Form C/AJul 31, 20170001670254-17-000214
    EDGAR
  • Form CApr 25, 20170001670254-17-000066
    EDGAR
Source: SEC EDGARCIK 0001522102CALast synced Aug 17, 2026

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.