Asaak

Vision Creating a new asset classBy unlocking credit access for African SMEs, we're making Africa investable to the outside world. 

$4.4M raised to date from top funds: Social Capital, 500 Startups, others
1.3K+ loans disbursed with 95% on-time payment collection rate
Profitable in Q4 2020
39% gross margin and 17% profit margin
97% average MoM revenue growth Q3 to Q4 2020
Lending at scale: received $10M term sheet, with ability to unlock $30M
Partnerships with mobility apps: Jumia, Bolt, SafeBoda - others in pipeline

• Intermediary Fee: This fee will be paid directly to the intermediary for assisting in conducting this Offering.
• Engineering, Research & Development: These proceeds will be used to hire at least one product manager and three full stack engineers. Marketing These proceeds will go towards pursuing our own marketing to broaden our customer base.
• Sales: The company has historically focused on partnerships being built through relationships with our executive team. These proceeds will be used to invest in building out a commission-based sales team to accelerate new partnerships.
• Expansion: As we continue to grow, these proceeds will go towards investing into geographic expansion, both inter and intra - country.
• General Working Capital: These proceeds will be used from for other capital needs of the business that will fall outside of the categories listed above and may include costs such as, rent, salaries and benefits, other labor costs, legal, and accounting.

Kaivan Sattar
Kaivan most recently worked as a Data Scientist at LendingHome and previously as a quant at the Federal Reserve
Bank of New York for 3.5 years, where he valuated loans in the Discount Window’s $2 trillion portfolio and was the
lead developer of two risk models for the Fed’s annual stress test of “Too Big to Fail” banks. In university, Kaivan
conducted field research in Ghana, Bangladesh, and India to better understand how the poor save and borrow money
without access to banks. This early research informed Kaivan’s mission to redefine finance in emerging markets. He
holds a masters in Operations Research from Columbia University which was attained in 2012 and a bachelors in
Mathematics-Economics from New York University which was attained in 2016.

Anthony Leontiev
Anthony most recently was a Senior Architect at AltSchool, where he was a team lead on front and back-end
development projects. He was previously a software engineer at Honest Buildings and has worn various hats at early
to mid-stage startups. Anthony is building Asaak’s mobile platform and automating the loan origination process.
Anthony holds a bachelors in Computer Science from Carnegie Mellon University which was attained in 2011.

Dylan Terrill
Dylan most recently worked on the Business Operations team at LendingHome, where he worked for 2 years. At
LendingHome, Dylan scaled the loan servicing/customer experience team from 2 individuals to over 50, leading
investor relations, treasury, customer service and special servicing. Prior to LendingHome, Dylan was an investment
banker at William Blair & Co. where he focused on M&A in the TMT space. He has held positions in venture
capital, private equity, business development and capital markets in 8 different locations including Latin America
and Africa. Dylan holds a dual degree in Finance and African American Studies from the University of
Massachusetts Amherst which was attained in 2014.

Edward Egwalu
Eddie was most recently the Head of IT and Operations at Pilgrim Africa, an international public health -focused
NGO. Before Pilgrim, Eddie consulted with various companies and government agencies including the Ministry of
Agriculture on how to better improve their digital offerings and presence. Eddie holds a bachelors in Information Technology from Uganda Christian University which was attained in 2009 and a dip loma in Monitoring and Evaluation from the Uganda Management Institute (UMI) which was attained in 2020.

Price Per Share: $1.00