Payments is a massive sector of Fintech, and utilizing blockchain technology can improve the speed and cost of making transfers. Web3 Enabler is a startup in the payments sector and it is looking to raise up to $1.24 million on Republic.
Web3 Enabler is selling a SAFE at a valuation cap of $7.5 million with a 20% discount. A SAFE provides an option to invest at a future date of a priced round. As of today, a little over $80,000 has been raised from 164 investors in the Reg CF offering.
While there are many digital payments firms and some already using blockchain technology, Web3 Enabler touts its relationship with SalesForce Appexchange and expanding soon to Zoho, Netsuite, Quickbooks, Xero, and others as to why they can become a success. Other partners include Circle, Ripple (XRP), and more. The company claims to have over 50 companies in various stages of onboarding, which are supposed to roll out over the coming quarters.
As a startup, the company is not generating any material revenue but expectations are for a minimum revenue of $1 million in 2025 or up to $3 million.
Web3 Enabler has received a pre-seed investment of $110,000 from ChainReaction as part of $225,000 in investments through October 2024.
There appears to be a side-by-side Reg D offering, which has raised $225,000 as part of a $500,000 total raise. It is not certain if the deal terms are the same as the Reg CF offering. More information on the Reg CF offering is available here.
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