Asenso Finance
Early Stage
The digital social borrowing solution for community banks and small businesses
Overview
Raised: $338,532
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/13/2022
Close Date
06/30/2022
Min. Goal
$250,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Pre-Money Valuation
$10,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,489
# of Investors
395
Momentum
Funded
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Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Asenso Finance, with a valuation of $15 million, is raising funds on Wefunder. The company is changing small business banking with its digital social borrowing solution. The business works on a lending-as-a-service model and digitizes the institutions looking to help small businesses. Asenso Finance provides community banks and CDFIs with the technology and expertise to offer low-interest loans to fund small businesses. Keny Chang and Winston Damarillo founded Asenso Finance in October 2021. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1,000,000. The campaign proceeds will be used for marketing, technology, R&D, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$80,000 |
$0 |
|
COGS |
$48,000 |
$0 |
|
Tax |
$665 |
$0 |
| ||
| ||
|
Net Income |
$1,641 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$40,000 |
$0 |
|
Accounts Receivable |
$40,000 |
$0 |
|
Total Assets |
$81,000 |
$0 |
|
Short-Term Debt |
$78,359 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$78,359 |
$0 |
Financials as of: 02/13/2022
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