OurBanc Corporation

Early Stage

Mobile Banking that Improves Customer’s Financial Health

Analytics

Raised to Date: Raised: $68,680

Aggregate Commitments $

Platform

Wefunder

Start Date

08/26/2021

Close Date

01/14/2022

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

Uncapped

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

01/23/2022

Days Remaining
Funded
% of Min. Goal

137%

% of Max. Goal

6%

Likelihood of Max
Funded
Avg. Daily Raise

$487

Momentum
Funded
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Location

Rehoboth, Massachusetts

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

OurBanc Corporation is raising funds on Wefunder. The company has developed mobile banking that improves the financial health of its customers. The app allows customers to measure their income, spending, savings, and planning and manage their financial health. OurBanc Corporation is next-gen tech-enabled and has strategic partnerships with industry leaders. David Dwumah and Aaron D Sims founded OurBanc Corporation in November 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for product support and maintenance, product development, founding team salaries, marketing, and legal and administrative expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-4,494

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$150

$0

Accounts Receivable

$0

$0

Total Assets

$150

$0

Short-Term Debt

$4,594

$0

Long-Term Debt

$0

$0

Total Liabilities

$4,594

$0

Financials as of: 08/26/2021
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OurBanc Corporation on Wefunder 2021
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Platform: Wefunder
Security Type: SAFE

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