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|
|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
|Product||Digital Receipt Tracking Mobile app|
|Episode||Season 09 Episode 23|
|Asked for||$250,000 for 7.5% equity|
|Final deal||$250,000 for 15% equity|
|Location||New York, 10010, United States|
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.
|2018||Appeared on Shark tank season 09 episode 23.|
|2021||Grow their user base over 3 Million. |
Company has generated $12 Million sales.
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.