VeraScore
Early Stage
Cultivating financial health for the future.
Overview
Raised: $1,568
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/10/2022
Close Date
12/20/2022
Min. Goal
$9,999
Max. Goal
$1,070,000
Min. Investment
$200
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.50
Pre-Money Valuation
$20,035,013
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
12/20/2022
Days Remaining
Not Funded
% of Min. Goal
16%
% of Max. Goal
0%
Likelihood of Max
Not Funded
Avg. Daily Raise
$22
# of Investors
5
Momentum
Not Funded
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Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
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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