Overview

Deal Terms

Company Profile

Deal Summary

Financials

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Creci

Platform

Self Managed

Start Date

02/03/2022

Close Date

Not Provided

Min. Goal

$10

Max. Goal

$70,000,000

Min. Investment

$10

Security Type

Debt

Series

Seed

SEC Filing Type

RegA+    

Interest Rate

5.00%

Logos provided by Clearbit

Creci

Year Founded

2019

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Wilmington, Delaware

Business Type

Growth

Company Website

Creci is raising funds independently through Reg A+ crowdfunding. It is a financial technology company that aims to empower social impact small businesses across the country. It is building an online platform with online tools that allow social impact companies to identify, measure, and report their impact to attract funding. Creci won at the 2019 Innovate Finance Global Summit in London and was selected as one of the top three fintech startups in Village Capital’s Finance Forward Latin America 2020 Accelerator. Andres Idarraga and Pravin Rodrigues founded Creci in 2019. The current crowdfunding campaign has no minimum target and a maximum target of $70,000,000. The campaign proceeds will be used for lending and general corporate purposes.

Balance Sheet

Cash and Cash Equivalents	$133,006
Investment Securities	$0
Total Investments	$0
Accounts and Notes Receivable	$403,262
Loans	$0
Property, Plant and Equipment (PP&E)	$21,514
Property and Equipment	$0
Total Assets	$557,782

Accounts Payable & Accrued Liabilities	$17,498
Policy Liabilities and Accruals	$0
Deposits	$0
Long Term Debt	$737,000
Total Liabilities	$754,498
Total Stockholders' Equity	$-196,716
Total Liabilities and Equity	$557,782

Statement of Comprehensive Income Information

Total Revenues	$9,000
Total Interest Income	$0
Costs & Expenses Applicable to Rev	$0
Total Interest Expenses	$0
Depreciation and Amortization	$0
Net Income	$-29,043

Earnings Per Share - Basic	$0.00
Earnings Per Share - Diluted	$0.00

Auditor: Cherry Bekaert LLP

Financials as of: 02/03/2022

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Creci Founder Andres Idarraga on Expanding Social Impact Investment Opportunities

Impact investors want to put their money in companies that appeal to their values. Those values could be anything from preserving the environment to helping social causes. Plenty of small and medium-sized businesses focus on these kinds of causes, but they may be unable to showcase the impact of their businesses. Consequently, they may struggle to attract investors.

Creci is a debt crowdfunding platform that, with the help of impact investors, aims to support small and medium-sized businesses with socially conscious goals. Creci’s impact measurement tool keeps track of each company’s positive impacts, proving that investors’ money is being put to good use. We reached out to co-founder and CEO Andres Idarraga to hear about how his team rose up for a noble cause within the company and his advice for fellow founders. 

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview