About
AI-powered banking that automates budgeting, saving, and investing to improve your financial health effortlessly.
- Boston, United States of America
- Legal Name: Envel, INC.
- Company ID: 823259460
- Year Founded: 2017
- Industry: Financial Services
- Website: https://www.envel.ai
- SEC Filings
Highlights
$25M
CF Valuation
$151.8K
Total Raised
$31.2K
Revenue
17
Employees
Indicators
Profit Margin
-15184.2%
(-15184.2%)
2020: 0%
Current Ratio
31.51
(5428.1%)
2020: 0.57
Revenue Growth
Financials
| INCOME STATEMENT | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $31,167 | $0 | — |
| Cost of Goods Sold | $0 | $0 | — |
| Gross Profit | $31,167 | $0 | — |
| Other Costs | -$4,763,636 | -$2,132,655 | 123% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$4,732,469 | -$2,132,655 | 122% |
| BALANCE SHEET | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $1,191,033 | $547,790 | 117% |
| Accounts Receivable | $0 | $0 | — |
| Total Liquidity | $1,191,033 | $547,790 | 117% |
| Other Assets | $108,660 | $48,376 | 125% |
| Total Assets | $1,299,693 | $596,166 | 118% |
| Short Term debt | $41,250 | $1,038,147 | -96% |
| Long Term debt | $0 | $3,289,578 | -100% |
| Total Debt | $41,250 | $4,327,725 | -99% |
| Other Liabilities | $1,258,443 | -$3,731,559 | -134% |
| Total Liabilities | $1,299,693 | $596,166 | 118% |
Revenue Growth
Financials
| INCOME STATEMENT | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $31,167 | $0 | — |
| Cost of Goods Sold | $0 | $0 | — |
| Gross Profit | $31,167 | $0 | — |
| Other Costs | -$4,763,636 | -$2,132,655 | 123% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$4,732,469 | -$2,132,655 | 122% |
| BALANCE SHEET | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $1,191,033 | $547,790 | 117% |
| Accounts Receivable | $0 | $0 | — |
| Total Liquidity | $1,191,033 | $547,790 | 117% |
| Other Assets | $108,660 | $48,376 | 125% |
| Total Assets | $1,299,693 | $596,166 | 118% |
| Short Term debt | $41,250 | $1,038,147 | -96% |
| Long Term debt | $0 | $3,289,578 | -100% |
| Total Debt | $41,250 | $4,327,725 | -99% |
| Other Liabilities | $1,258,443 | -$3,731,559 | -134% |
| Total Liabilities | $1,299,693 | $596,166 | 118% |
| INCOME STATEMENT | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $31,167 | $0 | — |
| Cost of Goods Sold | $0 | $0 | — |
| Gross Profit | $31,167 | $0 | — |
| Other Costs | -$4,763,636 | -$2,132,655 | 123% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$4,732,469 | -$2,132,655 | 122% |
| BALANCE SHEET | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $1,191,033 | $547,790 | 117% |
| Accounts Receivable | $0 | $0 | — |
| Total Liquidity | $1,191,033 | $547,790 | 117% |
| Other Assets | $108,660 | $48,376 | 125% |
| Total Assets | $1,299,693 | $596,166 | 118% |
| Short Term debt | $41,250 | $1,038,147 | -96% |
| Long Term debt | $0 | $3,289,578 | -100% |
| Total Debt | $41,250 | $4,327,725 | -99% |
| Other Liabilities | $1,258,443 | -$3,731,559 | -134% |
| Total Liabilities | $1,299,693 | $596,166 | 118% |
| INCOME STATEMENT | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $31,167 | $0 | — |
| Cost of Goods Sold | $0 | $0 | — |
| Gross Profit | $31,167 | $0 | — |
| Other Costs | -$4,763,636 | -$2,132,655 | 123% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$4,732,469 | -$2,132,655 | 122% |
| BALANCE SHEET | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $1,191,033 | $547,790 | 117% |
| Accounts Receivable | $0 | $0 | — |
| Total Liquidity | $1,191,033 | $547,790 | 117% |
| Other Assets | $108,660 | $48,376 | 125% |
| Total Assets | $1,299,693 | $596,166 | 118% |
| Short Term debt | $41,250 | $1,038,147 | -96% |
| Long Term debt | $0 | $3,289,578 | -100% |
| Total Debt | $41,250 | $4,327,725 | -99% |
| Other Liabilities | $1,258,443 | -$3,731,559 | -134% |
| Total Liabilities | $1,299,693 | $596,166 | 118% |
Indicators
Profit Margin
-15184.2%
(-15184.2%)
2020: 0%
Current Ratio
31.51
(5428.1%)
2020: 0.57
Efficiency Ratio
∞
(0%)
2020: ∞
Key figures
| INCOME STATEMENT | 2021 | 2020 |
|---|---|---|
| Revenue Growth | ∞ | ∞ |
| Profit Margin | -15,184% | 0% |
| Current Ratio | 32% | 1% |
| Efficiency Ratio | 0% | ∞ |
| Solvency Ratio | -11,473% | -49% |
| Debt Ratio | 3% | 726% |
Funding History
1 Funding Round
$151,801Total Raised
$24,968,435CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Closed | Closed | Jul 31, 2022 | $151,801 | Wefunder | Equity | $25M valuation | — | SEC Reg CF | 139 days | Mar 14, 2022 |
