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CoinOut Net Worth 2023 Update (Before & After Shark Tank)

CoinOut, Digital Receipt Tracking Mobile app, was started by Jeff Witten in February, 2016. As of August 2023, CoinOut net worth is not available in public and they’re pulling in a whopping over $5 Million in annual revenue. 

In February, 2018, they appeared on Season 9th of Shark Tank USA and made a deal with Robert Herjavec, for $250,000 for 15% equity. The final valuation was $1.7Million, down from the founder’s initial estimate of $3.3 Million.

In August 2023, Coinout is still in business. You can download the Digital Receipt Tracking app from the app store and Google play store.

CoinOut Net Worth

Net worthNot Publicly available
Annual Sales RevenueOver 5$ Million
ProfitsNot Publicly available
Lifetime SalesNot publicly available
Shark Tank InvestorRobert Herjavec
FounderJeff Witten
EmployeesOver 25 employees

CoinOut Net Worth Timeline

Net Worth 2023Not publicly available
Net Worth 2022Not publicly available
Net Worth 2021Not publicly available 
Net Worth 2020Not publicly available
Net worth valuation 2018 after appearing on Shark Tank  $1.7Million
Net worth valuation 2018 before appearing on Shark Tank  $3.3 Million

CoinOut Pitch on Shark Tank

Company nameCoinOut
ProductDigital Receipt Tracking Mobile app
EpisodeSeason 09 Episode 23
Founder Jeff Witten
Asked for$250,000 for 7.5% equity
Final deal$250,000 for 15% equity
Shark Robert Herjavec
LocationNew York, 10010, United States

CoinOut Founder

CoinOut was founded by Jeff Witten in 2016. The idea for CoinOut came to Witten when he was working as a cashier at a grocery store. He noticed that many customers would leave their spare change behind. And he thought there had to be a better way to collect it. Then he developed an app that allows users to scan their receipts and earn cash back for their spare change. CoinOut’s founder, Jeff Witten, has a net worth of 3 Million USD as of 2023.

Key accomplishments:

YearAccomplishment
2018Appeared on Shark tank season 09 episode 23.
2021Grow their user base over 3 Million.
Company has generated $12 Million sales.

Conclusion:

From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for CoinOut and its continued success.

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Written by GAG Team

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