Data / Crowdfunding / California / Asenso Finance, Inc.
Asenso Finance, Inc.: crowdfunding raise on Wefunder Portal LLC, $250,000 to $1,000,000 (2022)
Asenso Finance, Inc., a corporation in Manhattan Beach, CA, filed a Form C with the SEC on February 14, 2022 to raise $250,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $85,760 in revenue and a net loss of $534,660.
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- Website
- www.asensofinance.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1240 Rosecrans Ave, Ste 120, Manhattan Beach, CA 90266
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 19, 2021
- SEC CIK
- 0001909199
Offering terms
From the offering filed February 14, 2022.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $250,000
- Maximum
- $1,000,000
- Deadline
- April 30, 2023
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed November 27, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $85,760 | $40,000 | sec.gov |
| Cost of goods sold | $43,713 | $0 | sec.gov |
| Net income | $-534,660 | $-37,694 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $669,226 | $40,000 | sec.gov |
| Cash | $13,103 | $40,000 | sec.gov |
| Accounts receivable | $45,760 | $0 | sec.gov |
| Short-term debt | $605,361 | $77,694 | sec.gov |
| Long-term debt | $285,132 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 27, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| October 10, 2023 | Progress update | $250,000 | $250,000 | April 30, 2023 | This Form C-U shall serve as an update regarding the offering that ended March 6, 2022. The final accounting indicates that the total amount raised was $285,132. | sec.gov |
| February 14, 2022 | Offering | $250,000 | $1,000,000 | April 30, 2023 | sec.gov |
Updated November 27, 2024. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.