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Security Type
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Common Stock
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Categories
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Financial Services
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Min Investment
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$200
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Offering Date
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October 07, 2022
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Expected Close Date
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January 09, 2023
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Target Raise
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$10.00K-$1.07M
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No. Investors
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5
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Security Price
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$1.50
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Valuation
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$20,035,013
- Number of Employees
- 5
- Cash
- $54,084
- Revenue
- $0
- Short Term Debt
- $273,942
- Cost of Goods
- $0
- Long Term Debt
- $556,200
- Net Income
- $-730,150
Company Description
VeraScore™ is a pre-revenue SaaS fintech platform designed to objectively measure a consumer’s financial health. Our mission is to easily connect lenders with responsible borrowers, promote financial literacy, and level the playing field for all individuals, including those in traditionally underserved markets.
Perks
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$199+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
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Friends and Family Early Birds
Invest within the first week and receive 20% bonus shares
6
days
11
hours
19
mins
10
secs
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$250+ Investment
Tier 1 | $250
Vera Score Owner’s Group (be the first to know about product updates and changes, receive exclusive investor updates and future discounts)
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$500+ Investment
Tier 2 | $500
Invitation to a Vera Score Led Financial Literacy Webinar + Vera Score Owner’s Group
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$1,500+ Investment
Tier 3 | $1,500
2% Bonus Shares + Invitation to a Vera Score Led Financial Literacy Webinar + Vera Score Owner’s Group
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$5,000+ Investment
Tier 4 | $5,000
6% Bonus Shares + Invitation to a Vera Score Led Financial Literacy Webinar + Vera Score Owner’s Group
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$10,000+ Investment
Tier 5 | $10,000
11% Bonus Shares + Invitation to a Vera Score Led Financial Literacy Webinar + Vera Score Owner’s Group
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$25,000+ Investment
Tier 6 | $25,000
15% Bonus Shares + Invitation to a Vera Score Led Financial Literacy Webinar + Vera Score Owner’s Group
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$50,000+ Investment
Tier 7 | $50,000
18% Bonus Shares + Invitation to a Vera Score Led Financial Literacy Webinar + Vera Score Owner’s Group
Key Deal Facts
VeraScore™ delivers an objective analysis of an individual’s financial health in order to minimize risk for lenders and benefit underserved consumers.
The consumer credit scoring market alone is worth $6 billion annually, while the consumer underwriting market costs more than $140 billion annually. Moreover, banks are increasingly relying less on the use of FICO scores.*
Spearheaded by an elite team of established executives with over a century of combined experience.
Management Team / Advisory Board Bios
Dan Mandell
VP, Sales and Strategic Partnerships
Employee #2 at SaaS payments startup (Baton Systems) focused on bringing efficiencies to the capital and institutional markets. Responsible for business development, sales and setting strategic direction. Dan negotiated and executed deals with multiple top-tier global banks and helped grow transaction volumes from $0 to over $15billion/day and revenues from $0 to $3mm+/year.