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eMailACheck is an online payment platform where digital checks can be written, sent, and received instantly. The company first introduced its patented system to the market in August of 2022, and is now serving over 28K users.
$10,049.87 Raised
REASONS TO INVEST
eMailACheck is developing proprietary patented technology that we believe will revolutionize payment creation and delivery. On our digital platform, users can easily draft securely encrypted electronic checks and send them via email or SMS, providing a safe, speedy, and eco-friendly alternative to paper checks.
The global market for digital payments is expected to reach nearly $20T by 2025, growing at a robust CAGR of 24.4%.* Even so, eMailACheck believes that a digital solution is needed for paper checks, which are still used for over 16 billion payments each year, and account for over $26T in financial transactions annually.*
eMailACheck was co-founded by payment processing and financial industry veterans, in collaboration with expert fintech, banking, and software development advisors. Leveraging this collective expertise, the company has created its own patented payment technology, which has been tested for many years, and is now being used by thousands of businesses and individuals.
the pitch
eMailACheck is providing a 21st century banking solution with patented technology that digitizes check payments and eliminates the need for paper checks. Our system allows users to securely write, send, receive, and deposit electronic checks from anywhere in the world, using only a phone, tablet, or computer to complete transactions in seconds. To date, the company has already helped thousands of users with paperless checking that is fast, reliable, eco-friendly, and costs only pennies per use.
Digital Checking Made Easy, Efficient, and Eco-Friendly
For the many industries and individuals that still rely on check banking to conduct business, eMailACheck’s patented system solves the challenges associated with paper checks, by providing a safer, more efficient and sustainable end-to-end solution.
As an advanced, fraud-proof security measure, all digital checks sent through the eMailACheck platform are encrypted with their own unique barcode encompassing the payer’s signature and account information. They’re also sent instantly – no envelopes, stamps, or ink needed – so you never have to worry about lost checks or late payments, as a result of delayed mail delivery.
The Problem & Our Solution
The Future of Check Writing is Here
In recent years, the payment industry has experienced a lot of evolution, presenting consumers with more options for making and receiving payments. Yet, despite the growing popularity of electronic payment platforms, many industries still prefer to cut checks for transactions such as paying rent, purchasing real estate, or donating large sums to charity. Even at the government level, checks are still used to remit 437M payments annually.
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At the same time, handwritten checks come with a number of potential pitfalls, including slow processing, postage costs, environmental waste from paper production, and an overall lack of security as checks can easily become lost or stolen in the mail.
As a solution, eMailACheck makes the entire process fast, easy, and cost-efficient, with technology that digitizes checks and transmits them via email at the click of a button. All payments sent through our platform are received within seconds, and can be digitally tracked by both parties, making it easier than ever to send and receive checks.
The Market & Our Traction
In-Market and Poised to Integrate With Leading Fintech Platforms
eMailACheck launched operations in 2022, utilizing a SaaS profit model that generates revenue each time a check is emailed. Beginning with consumers and migrating towards businesses, eMailACheck targets all check users, and because our fee is less than the price of a postage stamp, the applications for our platform are numerous. In less than a year, we’ve seen our user base increase from 11K to 28K users and we anticipate even more growth as we widen our marketing outreach.
The company has additionally established partnerships with adjacent brands in the financial sector, integrating with Quickbooks software, Q2 Banking, and Rent Manager, which we believe will allow us to reach an expanded customer base and capture substantial revenue share in the digital payment market.
Why Invest
Invest in Proven Technology That’s Ready To Revolutionize Digital Payment
eMailACheck has built an affordable and accessible software solution that we believe is the future of checking. Our paperless platform is fully-operational, providing value to thousands of customers, and now we’re ready to serve even more users. In order to achieve this goal, next steps for the company entail scaling our marketing and advertising, as well as integrating with consumers, banks, and payment companies to realize additional market opportunities. Be a part of our success story, by investing today!
ABOUT
HEADQUARTERS
5901 NW 151 St #126
Miami Lakes,, FL 33014
WEBSITE
View Site
eMailACheck is an online payment platform where digital checks can be written, sent, and received instantly. The company first introduced its patented system to the market in August of 2022, and is now serving over 28K users.
TEAM
Amaha Selassie
Chief Executive Officer
Alan Waserstein
Director
Jake Waserstein
Founder
Nate Bekerman
Advisor / Business Development
Brian Riemer
Advisor / Business Development
Lucio Biase
Advisor Consultant
TERMS
EmailACheck
Overview
PRICE PER SHARE
$5
DEADLINE
Aug. 16, 2023 at 6:59 AM UTC
VALUATION
$10M
FUNDING GOAL
$10k - $1.24M
Breakdown
MIN INVESTMENT
$500
MAX INVESTMENT
$1,235,000
MIN NUMBER OF SHARES OFFERED
2,000
MAX NUMBER OF SHARES OFFERED
247,000
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Class B Non-Voting Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Time-Based Perks
Friends and Family - Invest within the first 72 hours and receive 15% bonus shares
Super Early Bird - Invest within the first week and receive 10% bonus shares
Early Bird Bonus - Invest within the first two weeks and receive 5% bonus shares
Volume-Based Perks
Tier 1 Perk — Invest $500+ and receive 6 months free check writing on the eMailACheck Application.
Tier 2 Perk — Invest $1000+ and receive 8 months free check writing on the eMailACheck Application.
Tier 3 Perk — Invest $5,000+ and receive 12 months free check writing on the eMailACheck Application.
Tier 4 Perk — Invest $10,000+ and receive 16 months free check writing on the eMailACheck Application.
Tier 5 Perk — Invest $25,000+ and receive 1% 18 months free check writing on the eMailACheck Application. A preemptive right which gives shareholders the right to purchase additional shares of the company's stock before they are offered to the public or other investors.
Tier 6 Perk — Invest $50,000+ and receive a 2% bonus and 36 months free check writing on the eMailACheck Application. A preemptive right which gives shareholders the right to purchase additional shares of the company's stock before they are offered to the public or other investors
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
EmailaCheck will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $5 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $500. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
We will not incur any irregular use of proceeds.
ALL UPDATES
REWARDS
10%
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
Owner’s Bonus
Owner’s Bonus Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
JOIN THE DISCUSSION
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Danny Ramirez
6 months ago
This is a promising concept; however, the process of printing out the check to deposit seems clunky in an otherwise seamless transaction. Are there plans to expand for everyday transactions at business and eliminate the credit card transaction fees? In short, the ability to use apple pay to pay with a check and for merchants to receive an instant payment?
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Marimuthu Ponnambalam
6 months ago
How would e-checks are useful in the world of ACH and other forms of money transfers? What is the real need for this check? Are you targeting to integrate with all banks and financial companies? How would it be ease of use and seemless experience while banking?
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Alan Waserstein
EmailACheck
•
6 months ago
At this time, we are keeping our options open and evaluating all potential exit strategies, including both an IPO and an acquisition. We understand that each option has its own unique benefits and challenges, and we will carefully consider all factors as we determine the best approach for our company's long-term success. Ultimately, our goal is to maximize value for our shareholders and stakeholders, and we will remain flexible as we navigate this process."
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Alan Waserstein
EmailACheck
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6 months ago
At this time, we are keeping our options open and evaluating all potential exit strategies, including both an IPO and an acquisition. We understand that each option has its own unique benefits and challenges, and we will carefully consider all factors as we determine the best approach for our company's long-term success. Ultimately, our goal is to maximize value for our shareholders and stakeholders, and we will remain flexible as we navigate this process."
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Alan Waserstein
EmailACheck
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6 months ago
Kyle, At this time, we are keeping our options open and evaluating all potential exit strategies, including both an IPO and an acquisition. We understand that each option has its own unique benefits and challenges, and we will carefully consider all factors as we determine the best approach for our company's long-term success. Ultimately, our goal is to maximize value for our shareholders and stakeholders, and we will remain flexible as we navigate this process."
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W Kim Colich
6 months ago
Hi Amaha, Would you please consider lowering the minimum investment to something a little more affordable for the 'small investor'? For investors making $60K/year, by SEC constraints, they can only invest a total of $3,000/year in CF startups. So at $500 a pop, they can only invest in 6 startups. Whereas at only $200 each they can invest in 15 startups and potentially a MUCH more diversified portfolio. Please consider adopting a more small-investor-friendly minimum investment amount. Thanks for listening. Blessings
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Kyle Fishman
6 months ago
What's your long-term exit strategy? Getting acquired? IPO?
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Grigore Hreniuc
6 months ago
I see your valuation is 10M. Do you make any money yet? How much money you invested out of your pocket in the company? How you make money? How much the consumers need to pay to use your site? What's your monthly burn rate and how much money the company has in the bank?
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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FAQS
Crowdfunding
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
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For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Alan Waserstein
EmailACheck
•
6 months ago
Hi Danny, Thank you for your question. We appreciate your feedback regarding the process of printing out a check for deposits. While the traditional method is still available, we are actively exploring various options to enhance the depositing experience for our users. Currently, we have three additional methods in place to make deposits, and we are continuously seeking strategic partnerships to further streamline this process for our customers. Our goal is to provide a seamless and convenient experience for everyday transactions, including expanding our services to businesses. Regarding credit card transaction fees, we understand the importance of minimizing costs for both customers and merchants. While we cannot provide specific details at this time, we are committed to exploring ways to eliminate or reduce such fees. This includes considering the integration of popular payment platforms like Apple Pay, enabling users to pay with a check and providing instant payments to merchants. We appreciate your input and assure you that we are actively working towards making the depositing process simpler and more efficient. Thank you for your support as we continue to improve our services.
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