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 $3.3 Million.
In August 2023, Coinout is still in business. You can download the Digital Receipt Tracking app from the app store and Google play store.
CoinOut Net Worth
| Net worth | Not Publicly available |
| Annual Sales Revenue | Over 5$ Million |
| Profits | Not Publicly available |
| Lifetime Sales | Not publicly available |
| Shark Tank Investor | Robert Herjavec |
| Founder | Jeff Witten |
| Employees | Over 25 employees |
CoinOut Net Worth Timeline
| Net Worth 2023 | Not publicly available |
| Net Worth 2022 | Not publicly available |
| Net Worth 2021 | Not publicly available |
| Net Worth 2020 | Not 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 name | CoinOut |
| Product | Digital Receipt Tracking Mobile app |
| Episode | Season 09 Episode 23 |
| Founder | Jeff Witten |
| Asked for | $250,000 for 7.5% equity |
| Final deal | $250,000 for 15% equity |
| Shark | Robert Herjavec |
| Location | New 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:
| Year | Accomplishment |
| 2018 | Appeared on Shark tank season 09 episode 23. |
| 2021 | Grow 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.