Creci
Join us in supporting sustainable small and medium enterprise
Overview
2019
Financial & Insurance Products & Services
Fintech
B2C
Low
Low
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 |
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Founder Profile
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.