Cedar Credit Builder
Early Stage
Building the world's most innovative personal finance and credit solutions
Overview
Raised: $274,950
Total Commitments ($USD)
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
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$3,500,000
Valuation Cap
$4,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,637
# of Investors
63
Momentum
Funded
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Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
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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