CFO Services Group

CFO Services Group

Closed: Nov. 2021

About this raise

CFO Services Group is raising funds on SMBX. The company provides management accounting solutions for businesses, including small businesses, startups, law firms, government contractors, associations, and non-profit organizations. The services offered help to save time, relieve pain, and provide insights to customers to run their businesses with a calm mind. The professionals of CFO Services Group handle customers’ books and give them valuable real-time feedback. Manny Cosme founded CFO Services Group in 2012. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for digital marketing development, contracting an outsourced marketing firm, and outbound email prospecting.

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Investment Overview

Invested this round: $60,450

Deal Terms

Total Commitments

Platform
SMBX
Start Date
08/31/2021
Close Date
11/30/2021
Min. Goal
$25,000
Max Goal
$100,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2012
Industry
Business Services, Software, & Applications
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Washington, District of Columbia
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Manny Cosme
Title
President & CEO

Financials

 Revenue +50% YoY
$550,864
 Monthly Burn
Profitable
 Cash on Hand
$63,602
Gross Margin
52%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$550,864

$366,214

COGS

$262,609

$235,377

Tax

$0

$0

 

 

Net Income

$31,324

$-82,317

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$63,602

$6,574

Accounts Receivable

$40,089

$32,584

Total Assets

$105,202

$40,668

Short-Term Debt

$58,227

$55,486

Long-Term Debt

$119,645

$56,776

Total Liabilities

$177,872

$112,262

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/30/2021 SMBX - $60,450 Debt Funded RegCF
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CFO Services Group on SMBX 2021
Platform: SMBX
Security Type: Debt

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Warning: according to the close date for this deal, CFO Services Group may no longer be accepting investments.

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