Verde Finance
Early Stage
Where Instagram meets Bloomberg: The future of Social Investing
Overview
Raised: $66,275
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/22/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$20,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$194
# of Investors
23
Momentum
Funded
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Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Verde Finance, with a valuation of $20 million, is raising funds on Wefunder. The modern fintech company is bringing in the new age of social investing. It provides investors with reliable and affordable investment analytics and a community dedicated to financial literacy. Verde Finance includes Verde Insights, myVerde, and Verde Social and has already launched in the USA and India. Goutam Mohan and Vijay Krishnan founded Verde Finance in November 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for engineering expenses, growth, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-12,421 |
$-518 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,081 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$10,876 |
$0 |
|
Short-Term Debt |
$14,315 |
$518 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$14,315 |
$518 |
Financials as of: 05/22/2022
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