Super Processor
FREEDOM TO BUY
Overview
Platform
Mundial Financial Group
Start Date
02/02/2023
Close Date
04/30/2023
Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment
$510
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$0.68
Pre-Money Valuation
$70,000,000
Year Founded
2014
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Super Processor, with a valuation of $70 million, is raising funds on Mundial Financial Group. The fintech company is making an innovative payment processor to serve and support emerging industries. The business is currently focused on the US licensed cannabis market and plans to issue SuperNet Credit Cards to consumers for purchasing licensed cannabis and general merchandise. Michael W.K. Tsang and Dress Wedding founded Super Processor in October 2014. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5 million. The campaign proceeds will be used for credit card funding, staff, technology, marketing, corporate insurance, and operation costs.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$766 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-785,381 |
$-593,864 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$185,954 |
$979 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$265,537 |
$979 |
|
Short-Term Debt |
$1,528,908 |
$1,435,289 |
|
Long-Term Debt |
$160,334 |
$169,676 |
|
Total Liabilities |
$1,689,242 |
$1,604,965 |
Financials as of: 02/02/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Super Processor | 04/30/2023 | Mundial Financial Group | $70,000,000 | $0 | Equity - Common | Active | RegCF |
| Super Processor | 01/12/2023 | Dalmore Group | $70,000,000 | $0 | Equity - Common | Not Funded | RegCF |
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