Asenso Finance

The digital social borrowing solution for community banks and small businesses

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Amount Raised: $289,732
Security Type
CAFES
Categories
Technology, Software, Main Street, Banking, B2B, Finance
Min Investment
$100
Location
Manhattan Beach, CA
Expected Close Date
April 30, 2023
Target Raise
$250.00K-$1.00M
No. Investors
379
Security Price
$1
Number of Employees
5
Cash
$40,000
Revenue
$80,000
Short Term Debt
$78,359
Cost of Goods
$48,000
Long Term Debt
$0
Net Income
$1,641

Company Description

πŸ† Built on the winning tech from the FDIC Tech Sprint for Market Readiness
🀝🏼 Agreement closed to process over $50M in loans
πŸš€ Founders with multiple Silicon Valley Exits
πŸ’΅ Contract closed for $150,000 in Q4 2021
🌎 Addresses a $73-billion underserved market
🏦 Bridges the gap between large banks and community banks to serve small businesses
🌟 Startup under Talino Venture Labs, an award-winning global venture studio for inclusive fintech
πŸ’ͺ A seasoned team with expertise in technology, banking, social impact

Key Deal Facts

πŸ† Built on the winning tech from the FDIC Tech Sprint for Market Readiness
🀝🏼 Agreement closed to process over $50M in loans
πŸš€ Founders with multiple Silicon Valley Exits
πŸ’΅ Contract closed for $150,000 in Q4 2021
🌎 Addresses a $73-billion underserved market
🏦 Bridges the gap between large banks and community banks to serve small businesses
🌟 Startup under Talino Venture Labs, an award-winning global venture studio for inclusive fintech
πŸ’ͺ A seasoned team with expertise in technology, banking, social impact

Management Team / Advisory Board Bios

Winston Damarillo ChairmanFounder and CEO of 3 Silicon Valley exits, successful Venture Capitalist for Intel Corp and PLDT Capital, WEF Young Global Leader, best-selling author and thought leader., Keny Chang PresidentHigh-level experience at top finance brands, including Citigroup, Comerica Bank, and the FINRA. Deep knowledge of M&A, financing, real estate investment, commercial lending, international banking, financial consulting, and venture capital., Ellis T Fisher Exec. Director, Strategy and Product InnovationC-level experience in technology, strategy, and product innovation with stints at eBay, Oracle, and SAP. The guiding voice for many venture studios and early stage companies, and a leader in digital transformation., Cindy Ty Chief Financial & Operations OfficerExperienced financial operations leader with more than a decade of sustained success across multiple companies., Carina Oriel Corporate Development & Strategy LeadFormer restructuring consultant at Alvarez & Marsal; dedicated to scaling high-growth businesses while making strides towards inclusivity., Rachelle Baliao Business Development LeadExperienced Senior Manager skilled in sales, client management, and business development., Miguel Cabral Chief Technology OfficerCo-founder of Asenso Fintech, product development and technology expert, former CTO of Skytel, Pinoy Telekoms, and 8Layer., Nina Terol Chief Marketing OfficerCMO at venture studio Talino Venture Labs and founding member of funded startups, with experience in award-winning pitches and equity crowdfunding. International communicator with McCann Worldgroup & UN; veteran of 2 successful election campaigns, Dom De Leon Design Lab Director, Talino Venture LabsMulti-awarded intrapreneur, former business lead of Dentsu Jayme SyfuÒ€ℒs CX Design Agency Unit, MasterÒ€ℒs Degree holder in Innovation and Business., Raphael John Oriel Head of Corporate Development, Talino Venture LabsSocial entrepreneur with over a decade of international business experience helping public and private institutions innovate and grow in new markets.

Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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