Cedar Credit Builder

Early Stage

Building the world's most innovative personal finance and credit solutions

Analytics

Raised to Date: Raised: $274,950

Aggregate Commitments $

Platform

Wefunder

Start Date

02/12/2021

Close Date

07/30/2021

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$4,000,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

08/01/2021

Days Remaining
Funded
% of Min. Goal

550%

% of Max. Goal

26%

Likelihood of Max
Funded
Avg. Daily Raise

$1,637

Momentum
Funded
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Location

Luverne, Minnesota

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

Cedar Credit Builder, with a $4 million valuation cap, is raising crowdfunding on Wefunder. The company provides innovative personal finance and credit solutions and helps people build credit through various activities. The users get a special Cedar Credit Builder card to pay their bills and subscriptions, with a restricted credit limit to boost credit scores. Adam Finke and George Ulmer founded Cedar Credit Builder in May 2020. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used for banking partners, technology partners, and operations partners, development, data science, marketing, and compliance. Cedar Credit Builder has multiple revenue streams and a contracted bank partner.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-29,475

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,105

$0

Accounts Receivable

$0

$0

Total Assets

$1,105

$0

Short-Term Debt

$30,000

$0

Long-Term Debt

$0

$0

Total Liabilities

$30,000

$0

Financials as of: 02/12/2021
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Cedar Credit Builder on Wefunder
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Platform: Wefunder
Security Type: SAFE
Valuation: $4,000,000

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