VeraScore

Early Stage

Cultivating financial health for the future.

Analytics

Raised to Date: Raised: $1,568

Aggregate Commitments $

Platform

StartEngine

Start Date

10/10/2022

Close Date

01/09/2023

Min. Goal

$9,999

Max. Goal

$1,070,000

Min. Investment

$200

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$1.50

Pre-Money Valuation

$20,035,013

Rolling Commitments $

Status

Active

Reporting Date

11/30/2022

Days Remaining

40

% of Min. Goal

16%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$31

# of Investors

5

Momentum
cold.svg
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Location

San Anselmo, California

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

VeraScore, with a valuation of $20 million, is raising funds on StartEngine. The company has developed a fintech platform to measure the financial health of consumers. It is not a credit score, but a financial health score based on AI-based analysis of consumers’ financial situation and helps to connect lenders with responsible borrowers. VeraScore also promotes financial literacy and benefits underserved consumers by providing better access to financial resources. Geff Woodward and Trond-Henning Olesen founded VeraScore in June 2020. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1.07 million. The campaign proceeds will be used to develop the MVP and launch the platform.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-730,150

$-2,453

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$54,084

$0

Accounts Receivable

$5,000

$0

Total Assets

$97,539

$2,547

Short-Term Debt

$273,942

$0

Long-Term Debt

$556,200

$5,000

Total Liabilities

$830,142

$5,000

Financials as of: 10/10/2022
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VeraScore on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,035,013

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