OurBanc Corporation
Early Stage
Mobile Banking that Improves Customer’s Financial Health
Overview
Raised: $68,680
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/25/2021
Close Date
01/14/2022
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
Uncapped
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$487
# of Investors
52
Momentum
Funded
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Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
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: 08/25/2021
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