Soraban

Soraban

Early Stage

Helping CPAs give companies financial reviews much faster

Helping CPAs give companies financial reviews much faster

Overview

Raised to Date: Raised: $98,268

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/28/2020

Close Date

12/03/2020

Min. Goal
$50,000
Max. Goal
$150,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$768

# of Investors

100

Momentum
Funded
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Year Founded

2019

Industry

Business Services, Software, & Applications

Tech Sector

Fintech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Tempe, Arizona

Business Type

Growth

Soraban, with a valuation cap of $6 million, is raising crowdfunding on Wefunder. The system helps to automate the menial work of CPAs, thus helping them deliver their services faster. The process of data extraction and organization becomes automated and more efficient through the use of Soraban. The company was founded by Enoch Ko in 2019 and has raised over $30,000 since its founding. The current crowdfunding round has a minimum raise of $75,000 and a maximum raise of $150,000, and the proceeds will be used for engineering, hiring a full-time CPA, and risk, legal, and insurance expenses. Soraban has launched a paid pilot with Wefunder and has received a $15,000 grant from Y Combinator and $20,000 investment from XX Team.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$8,497

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-6,757

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,243

$0

Accounts Receivable

$0

$0

Total Assets

$2,243

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 07/28/2020
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Soraban on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

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