{"data":{"type":"company_profile","id":105010,"entity_id":"wefunder:company:105010","attributes":{"canonical_url":"https://wefunder.com/asenso","generated_at":"2026-06-22T04:16:14Z","updated_at":"2026-06-21T23:52:51Z","entity_ids":{"company":"wefunder:company:105010","slug":"wefunder:company_slug:asenso"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-22T04:16:14Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-21T23:52:51Z","as_of":"2026-06-22T04:16:14Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-21T23:52:51Z","as_of":"2026-06-22T04:16:14Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-05-31T21:37:03Z","as_of":"2026-06-22T04:16:14Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-05-31T21:37:03Z","as_of":"2026-06-22T04:16:14Z","confidence":"medium"}}},"company":{"id":105010,"entity_id":"wefunder:company:105010","slug":"asenso","name":"Asenso","tagline":"The Working Capital Marketplace for Small and Underserved Businesses","elevator_pitch":"Asenso delivers small businesses the capital they need to scale up their operations and dream even bigger.","story":"Did you know that\u0026nbsp;at least\u0026nbsp;1 of 4, or at least 27%, of\u0026nbsp;small business loans are unfunded or underfunded?That's at least\u0026nbsp;7.3 million loan applications unfulfilled, which means at least\u0026nbsp;7.3 million small businesses do not get the support they need to grow and serve their communities.And when you consider the average loan size of small businesses--$10,000--that means America has a working capital cap of at least\u0026nbsp;$73 billion.\u0026nbsp; The other problem is that while community banks and CDFIs are on the ground in our communities connecting with small businesses, they often do not have the technology, capacity, or risk appetite\u0026nbsp;to meet the huge demand for SMB working capital. Lending to small businesses is often deemed to be too laborious, too inefficient, too risky. To some, it's simply not worth the time.So who's going to look out for small businesses in America?That’s where Asenso comes in.Asenso is the Working Capital Marketplace for small businesses,\u0026nbsp;bridging SMBs to affordable working capital that meets their unique requirements.\u0026nbsp;Our solution at\u0026nbsp;Asenso is simple:\u0026nbsp;We work with\u0026nbsp;community banks and CDFIs to offer a wide variety of small business loans under a single (digital) roofWe use our proprietary tech stack to perform\u0026nbsp;underwriting, identity verification, credit check, risk and compliance, document generation, reports generation, and disbursement\u0026nbsp;between the CDFIs and the modelWe provide\u0026nbsp;credit risk rating, to give you a greater chance of being matched with an appropriate loan productYou\u0026nbsp;get the comfort and convenience of knowing you've got a partner who can back you up when you need it most.\u0026nbsp;Through our team's Technology and Operations solutions, Asenso manages the \"legwork\" of the loan process–all the way from underwriting to disbursement–to lower the cost of processing and servicing loans, therefore allowing our partner community banks and CDFIs to offer lower-interest loans to the small business owners that need them most.Our Secret SauceOur credit rating system matches borrowers with the best funding options available. This reduces the risk for lenders and lowers the cost for borrowers.Our RevenueNow for the good news: we’ve already gotten started. We've deployed technology for our first CDFI client in Q4 2021.Our pipeline is rapidly growing, and Asenso is ready to scale to empower more small businesses in their pursuit of capital like never before.Our TeamAsenso is led by a diverse and inclusive\u0026nbsp;team of global professionals with venture capital, serial entrepreneurship, banking \u0026amp;\u0026nbsp;finance, public policy, social impact,\u0026nbsp;and emerging market experience.We operate between the U.S. and Asian corridors, giving us access to great talent and diverse perspectives\u0026nbsp;from different parts of the world.\u0026nbsp;","location":"Los Angeles, CA","website":"https://asenso.io","total_amount_raised":285132,"total_investors":385,"is_funded":false,"is_active":false,"quality_score":4,"related_urls":["https://wefunder.com/asenso","https://asenso.io"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/105010/xxl_cropped_Asenso_Wefunder_Deck__April_28_2022___1_.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/105010/large_cropped_WeFunder.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/105010/standard_cropped_Asenso_Wefunder_Deck__April_28_2022___1_.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/105010/standard_cropped_Asenso_Wefunder_Deck__April_28_2022___1_.jpg","profile_video_url":"https://wefunder.wistia.com/medias/ttrsuv0frx"},"links":{"company_url":"https://asenso.io","facebook_url":"https://www.facebook.com/AsensoFinanceInc/"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"🏦 Signed $50,000,000 loans processing deal to provide small businesses with working capital"},{"index":2,"claim_id":"claim-fact-2","value":"🏆 Built by the award winning team of the FDIC's tech sprint to reach unbanked communities"},{"index":3,"claim_id":"claim-fact-3","value":"🚀 Founders with track record of success including multiple exits"},{"index":4,"claim_id":"claim-fact-4","value":"🔥 Partner of the LAEDC's Coalition to win the U.S. EDA's $1B Build Back Better Regional Challenge"},{"index":5,"claim_id":"claim-fact-5","value":"💸 1 of 56 startups out of +1,500 applicants selected to participate in Mercury Bank's Raise Program"},{"index":6,"claim_id":"claim-fact-6","value":"💪 Led by a seasoned team with expertise in technology, banking, and social impact"},{"index":7,"claim_id":"claim-fact-7","value":"🌎 Addresses a $73B underserved market"},{"index":8,"claim_id":"claim-fact-8","value":"🌟 Backed by Talino Venture Labs, the award-winning global fintech venture studio"}],"team":[{"id":2322186,"entity_id":"wefunder:company_role:2322186","user_entity_id":"wefunder:user:2449332","role":"employee","name":"Keny Chang","title":"President","bio":"High-level experience at top finance brands, including Citigroup, Comerica Bank, and the FINRA. 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cap"}},"recent_posts":[{"id":156413,"entity_id":"wefunder:feed_item:156413","type":"FeedItem::Update","visibility":"public","title":"Closing TODAY!","preview":"We are at +$290,000 with +380 investors as of this writing.Over 350 investors bet on Asenso–and you still can! Top up your investment if you haven’t done so yet–our community round closes TODAY at 8 PM PST | 11 PM EST!Get on the ground floor of this highly impactful opportunity.Carina","published_at":"2022-06-29T13:28:19Z","author_name":"Carina Oriel","url":"/feed/156413","canonical_url":"https://wefunder.com/feed/156413"},{"id":156089,"entity_id":"wefunder:feed_item:156089","type":"FeedItem::Update","visibility":"public","title":"Secure your slots now for Asenso’s Investor Brief and Q\u0026amp;A on June 16!","preview":"Only a few days until our Investor Brief on June 16, 1PM PST | 4PM EST - secure your slots if you haven’t done so already. Our Chairman Winston Damarillo, President Keny Chang, and the rest of the team will get you up to speed on everything you need to know about Asenso.\u0026nbsp;Register HERE.\u0026nbsp;Carina","published_at":"2022-06-14T15:04:03Z","author_name":"Carina Oriel","url":"/feed/156089","canonical_url":"https://wefunder.com/feed/156089"},{"id":155863,"entity_id":"wefunder:feed_item:155863","type":"FeedItem::Update","visibility":"public","title":"Register Now for Asenso’s Investor Brief and Q\u0026amp;A on June 16!","preview":"So many exciting things have been happening at Asenso since the last time we got in touch: We’ve launched our Working Capital Marketplace, which aims to bring affordable funding options closer to entrepreneurs that need these most. Through this Working Capital Marketplace, community banks and CDFIs can now offer more loan products to a broader audience of small businesses owners.What’s next for Asenso? Join our Chairman Winston Damarillo and President Keny Chang on Thursday, June 16 at 1:00PM...","published_at":"2022-06-02T17:42:07Z","author_name":"Carina Oriel","url":"/feed/155863","canonical_url":"https://wefunder.com/feed/155863"},{"id":154347,"entity_id":"wefunder:feed_item:154347","type":"FeedItem::Update","visibility":"public","title":"Just had a talk with students from Fordham University","preview":"As a Fordham University alumna, I was thrilled to introduce Asenso to a group of 70 students from the Fordham Fintech Network alongside Rachelle, our Business Development Lead. It was a great opportunity to talk about the work that we do and why we are committed to bridging the funding gap between small business owners and financial institutions such as community banks and CDFIs.We also gave these students a glimpse of what it’s like to work for a fintech startup–an environment that demands a...","published_at":"2022-04-06T19:32:22Z","author_name":"Carina Oriel","url":"/feed/154347","canonical_url":"https://wefunder.com/feed/154347"},{"id":154030,"entity_id":"wefunder:feed_item:154030","type":"FeedItem::Update","visibility":"public","title":"BIG BIG NEWS! 💣💣💣","preview":"We are over-the-moon THRILLED to share with you the news that our company Asenso has been selected to be one of the 56 companies (out of 1,400 applicants) selected for the Mercury Raise Seed program!Mercury is a fintech focused on providing banking products to startups, which raised nearly $5M on Wefunder in August 2021.\u0026nbsp;That’s US! Right there in the blue-green circle!Mercury, like many of you, chose us to move forward in our mission to support more financial institutions fund small busi...","published_at":"2022-03-28T20:22:59Z","author_name":"Carina Oriel","url":"/feed/154030","canonical_url":"https://wefunder.com/feed/154030"},{"id":153328,"entity_id":"wefunder:feed_item:153328","type":"FeedItem::Update","visibility":"public","title":"We’ve Been In The News!","preview":"Hi all! Exciting times for us at Asenso, where word of our mission to make capital more accessible to small business owners seems to be spreading.First up, we’re thrilled to have been featured in this piece by American Banker. In it, journalist Miriam Cross traces the birth of Asenso to a big win at the inaugural FDIC tech sprint. During the sprint, Talino Venture Labs, Asenso’s parent company, was recognized for having the most market-ready product, and that product was the starting point fo...","published_at":"2022-03-04T00:11:02Z","author_name":"Carina Oriel","url":"/feed/153328","canonical_url":"https://wefunder.com/feed/153328"},{"id":152793,"entity_id":"wefunder:feed_item:152793","type":"FeedItem::Update","visibility":"public","title":"Words of Wisdom from Keny Chang, Our Diversity and Inclusion Champion (aside from being our President!)","preview":"Just as important as Asenso Finance’s mission to accelerate the accessibility of affordable loans to underserved and underrepresented small and medium businesses is the people behind it. I’m honored to be working alongside people who are not only experts in their respective fields but who also champion diversity and inclusion. After all, we believe that when it comes to access to financial resources, no one should be left behind.On that note, I’m happy that more people are getting to know our...","published_at":"2022-02-17T01:42:55Z","author_name":"Nina Terol","url":"/feed/152793","canonical_url":"https://wefunder.com/feed/152793"}],"q_and_a":[{"id":209107,"entity_id":"wefunder:comment:209107","question":"Do I get a copy of my contract since i invested? Something saying what i get?","author_name":"Carl James Bonner Jr","votes":4,"created_at":"2022-06-22T04:30:41Z","canonical_url":"https://wefunder.com/asenso#question-209107","answers":[{"id":209253,"entity_id":"wefunder:comment:209253","answer":"Thank you for your support in Asenso, Carl! For your convenience, you can download your investment contract in your personal Wefunder account. Just login to your account and in your dashboard, click on \"Portfolio\" and it will display a blue box to download copies of your contracts. Should you need any further assistance, feel free to contact our dedicated Wefunder Account Manager, Jake Suggs at jake@wefunder.com. Thank you once again and welcome to Asenso!","author_name":"Raphael John Oriel","votes":3,"created_at":"2022-06-23T17:20:49Z"}]},{"id":271457,"entity_id":"wefunder:comment:271457","question":"When will Talino Venture Labs have another Crowdfunding campaign round again in the future???!@","author_name":"George Simons","votes":2,"created_at":"2023-12-13T04:54:32Z","canonical_url":"https://wefunder.com/asenso#question-271457","answers":[]},{"id":208588,"entity_id":"wefunder:comment:208588","question":"I see Buck Jordan is the lead investor in Asenso, as such does Buck serve in any other capacity with the company, such as an Advisory Board Member. Also, as the founder of WaveMaker Labs, is Buck Jordan invested in Asenso as a personal investment capacity or in a business capacity through WaveMaker Labs?","author_name":"Chris D. Busick","votes":2,"created_at":"2022-06-16T21:03:30Z","canonical_url":"https://wefunder.com/asenso#question-208588","answers":[{"id":208833,"entity_id":"wefunder:comment:208833","answer":"Hey Chris, thank you for your consideration in Asenso! Buck Jordan is invested on a personal capacity and serves as an Advisor and Supporter of Asenso. Wavemaker Labs is a Strategic Partner of Talino Venture Labs.","author_name":"Raphael John Oriel","votes":1,"created_at":"2022-06-19T00:21:19Z"}]},{"id":308930,"entity_id":"wefunder:comment:308930","question":"Any updates on my investment? I made years ago I haven't received anything","author_name":"Carl James Bonner Jr","votes":1,"created_at":"2025-05-31T21:28:09Z","canonical_url":"https://wefunder.com/asenso#question-308930","answers":[]},{"id":306723,"entity_id":"wefunder:comment:306723","question":"I am investing again in this round also. I only hope that, you won't run away from sharing success with the initial Wefunder investors when you get big venture funding as you did in case of \"Talino Venture fund\" investors and did not even care to give proper explanation for the investors.","author_name":"Rakesh B S","votes":1,"created_at":"2025-04-23T19:40:23Z","canonical_url":"https://wefunder.com/asenso#question-306723","answers":[]},{"id":271456,"entity_id":"wefunder:comment:271456","question":"It is unfortunate that Talino Venture Labs gave investors their refunds back. I was looking forward of being a shareholder of such a great startup company, Talino Venture Labs in Asia","author_name":"George Simons","votes":1,"created_at":"2023-12-13T04:53:36Z","canonical_url":"https://wefunder.com/asenso#question-271456","answers":[]},{"id":246756,"entity_id":"wefunder:comment:246756","question":"We haven't heard any news since June 2022. Can you please provide an update on the company's status - good or bad?","author_name":"Darren T Smith","votes":1,"created_at":"2023-05-13T14:22:25Z","canonical_url":"https://wefunder.com/asenso#question-246756","answers":[]},{"id":225078,"entity_id":"wefunder:comment:225078","question":"Would like to know what is going on since I invested","author_name":"Carl James Bonner Jr","votes":1,"created_at":"2022-11-09T21:41:24Z","canonical_url":"https://wefunder.com/asenso#question-225078","answers":[]},{"id":219444,"entity_id":"wefunder:comment:219444","question":"I'm a investor in your company and I am trying to get a update on what's going on and how can I stay in the loop","author_name":"Carl James Bonner Jr","votes":1,"created_at":"2022-09-19T19:31:55Z","canonical_url":"https://wefunder.com/asenso#question-219444","answers":[]},{"id":215645,"entity_id":"wefunder:comment:215645","question":"when is the next investers meeting? And what's next ?","author_name":"Carl James Bonner Jr","votes":1,"created_at":"2022-08-17T05:50:58Z","canonical_url":"https://wefunder.com/asenso#question-215645","answers":[]},{"id":211435,"entity_id":"wefunder:comment:211435","question":"are you going to open back up to investors again?","author_name":"Terry Pugh","votes":1,"created_at":"2022-07-13T04:38:40Z","canonical_url":"https://wefunder.com/asenso#question-211435","answers":[]},{"id":208937,"entity_id":"wefunder:comment:208937","question":"What are the terms of the SAFE - pre- or post-money; any discount if pre-money?","author_name":"Sam Vasisht","votes":1,"created_at":"2022-06-20T19:56:11Z","canonical_url":"https://wefunder.com/asenso#question-208937","answers":[{"id":209036,"entity_id":"wefunder:comment:209036","answer":"Hello Sam, You can check the details on our wefunder profile page. The investment is discounted from $15M to $12M value cap. We are closing soon, and look forward to see you at our next investors' meeting. thank you.","author_name":"Keny Chang","votes":1,"created_at":"2022-06-21T17:31:05Z"}]},{"id":205617,"entity_id":"wefunder:comment:205617","question":"When do investors get paid out?","author_name":"Mario Roper","votes":1,"created_at":"2022-05-19T16:26:23Z","canonical_url":"https://wefunder.com/asenso#question-205617","answers":[{"id":206299,"entity_id":"wefunder:comment:206299","answer":"Hello Mario, Investors get paid out when company declares dividend or when it get sold or goes public.","author_name":"Keny Chang","votes":2,"created_at":"2022-05-25T19:36:36Z"}]},{"id":204496,"entity_id":"wefunder:comment:204496","question":"Any new updates? We are looking forward to a long Partnership as a new investor.","author_name":"Anibal Maldonado","votes":1,"created_at":"2022-05-07T02:01:52Z","canonical_url":"https://wefunder.com/asenso#question-204496","answers":[{"id":204673,"entity_id":"wefunder:comment:204673","answer":"Hello Anibal, more updates coming up every two weeks. Please make sure to confirm your investment and we look forward to a great future.","author_name":"Keny Chang","votes":1,"created_at":"2022-05-09T20:31:32Z"}]},{"id":202883,"entity_id":"wefunder:comment:202883","question":"Hi Keny, what is your exit strategy? Also, is there an email you could provide to contact you directly? Cheers, Maxim","author_name":"Max D.","votes":1,"created_at":"2022-04-26T18:15:02Z","canonical_url":"https://wefunder.com/asenso#question-202883","answers":[{"id":203165,"entity_id":"wefunder:comment:203165","answer":"Hello Max, Feel free to contact me directly at kchang@asenso.io I look forward to hear from you.","author_name":"Keny Chang","votes":0,"created_at":"2022-04-28T00:19:53Z"}]},{"id":198931,"entity_id":"wefunder:comment:198931","question":"If we invest in different company just like this one will we have to keep paying every month or just invest one time","author_name":"Vesie Maynor","votes":1,"created_at":"2022-03-31T01:34:44Z","canonical_url":"https://wefunder.com/asenso#question-198931","answers":[{"id":199647,"entity_id":"wefunder:comment:199647","answer":"Currently this is a one time investment, however, as we continue to grow, many investors places additional investments or dollar cost averaging to acquire more shares.","author_name":"Keny Chang","votes":0,"created_at":"2022-04-04T20:53:36Z"}]},{"id":196666,"entity_id":"wefunder:comment:196666","question":"what's the price per share?","author_name":"Darwin Moore","votes":1,"created_at":"2022-03-16T16:15:18Z","canonical_url":"https://wefunder.com/asenso#question-196666","answers":[{"id":199645,"entity_id":"wefunder:comment:199645","answer":"The number of shares you receive is determined at the next priced financing when professional investors – typically venture capitalists – set the price for preferred stock. Then, calculated by using the Valuation Cap and sometimes the Discount Rate, your SAFE often converts into shares at a lower price than the venture capitalists paid, since you invested earlier.","author_name":"Keny Chang","votes":0,"created_at":"2022-04-04T20:48:43Z"}]},{"id":195879,"entity_id":"wefunder:comment:195879","question":"What was the revenue for 2021 and projection for 2022?","author_name":"Varun Gupta","votes":1,"created_at":"2022-03-10T22:36:38Z","canonical_url":"https://wefunder.com/asenso#question-195879","answers":[{"id":199650,"entity_id":"wefunder:comment:199650","answer":"You can check the detail section and receive our quarterly and annual update once becoming a shareholder.","author_name":"Keny Chang","votes":0,"created_at":"2022-04-04T20:56:21Z"}]},{"id":193789,"entity_id":"wefunder:comment:193789","question":"1) At period end 12/31/21, there was $80K in revenues. Does this imply approximately $1.6MM in facilities were originated from Asenso? If so, is this from one facility or multiple? 2) If Asenso is providing the underwriting and various other necessary on-boarding tasks, does Asenso also take responsibility of unpaid loans or missed red flags? Along the same lines, is the underwriting process automated? Is the underwriting different for a small facility vs large? 3) What servicing is required of Asenso after origination? Collections, cash application..etc? 4) Given the risk averse nature of many community banks, what is the likelihood of adoption using this program? 5) To clarify, is Asenso originating, packaging, and selling these to banks or are banks using the application to close deals more rapidly, while reducing the on boarding burden? 6) Lastly, I imagine a lot of the lift is convincing financial institutions to trust your process from start to finish. Are there metrics on probability of repayment using the indicated strategies? Sorry for the list of questions. Thanks in advance.","author_name":"Andrew Presser","votes":1,"created_at":"2022-02-23T20:04:15Z","canonical_url":"https://wefunder.com/asenso#question-193789","answers":[{"id":195015,"entity_id":"wefunder:comment:195015","answer":"Hi Andrew, Thank you for the questions. In summary, you answered most of the questions for me already. However, to clarify, Asenso is a software and servicing provider. We do not originate loans, the financial institutions does. Our system customized each of the financial institutions' underwriting requirements so it automates the loan process. Please feel free to contact me directly, and I can help further clarify any questions.","author_name":"Keny Chang","votes":0,"created_at":"2022-03-03T18:33:31Z"}]},{"id":192782,"entity_id":"wefunder:comment:192782","question":"If you onboard 10-15 clients this year, that would seemingly put you years ahead of projections in terms of client numbers. Do you also anticipate the loan volume from those clients (and subsequent revenue) coming in at the levels mentioned in the pitch?","author_name":"Kevin Hardman","votes":1,"created_at":"2022-02-17T11:04:30Z","canonical_url":"https://wefunder.com/asenso#question-192782","answers":[{"id":193019,"entity_id":"wefunder:comment:193019","answer":"Hi Kevin, you are correct and on point. As we meet more clients, we continue to understand the unique positioning of each CDFI in their own communities. As such, we anticipate some will process more loans than others based on their borrowers' base.","author_name":"Keny Chang","votes":0,"created_at":"2022-02-17T19:56:07Z"}]},{"id":192253,"entity_id":"wefunder:comment:192253","question":"Can you give an overview of what's in the pipeline, as well as revenue projections for 2022 and beyond?","author_name":"Kevin Hardman","votes":1,"created_at":"2022-02-14T19:30:13Z","canonical_url":"https://wefunder.com/asenso#question-192253","answers":[{"id":192276,"entity_id":"wefunder:comment:192276","answer":"Great question, Kevin. For 2022, our projected revenues are tied to our existing clients. In Q3 and Q4, we plan on onboarding 10-15 new clients as we launch our product. We expect for the clients to take 30-60 days to process their first loan so many of our inbound clients will not be revenue generating until 2023.","author_name":"Keny Chang","votes":0,"created_at":"2022-02-15T01:12:46Z"}]},{"id":191098,"entity_id":"wefunder:comment:191098","question":"Union Bank of the Philippines -- one of the largest universal banks in the Philippines, with more than $15 billion in assets under management -- plans to offer crypto trading and custodial services. Cathy Casas is the head of the bank’s blockchain and application programming interface group. And she explained that the average Filipino investor is no stranger to crypto. They hold about 1% to 2% of their personal assets in crypto like bitcoin. And she estimates that about 5% of the local population has dabbled in crypto, many of them young people. Most significantly, Casas said offering crypto services is “a way to future-proof our banking business.” Is Asenso following these trends to also offer crypto to potential clients? If that isn’t a forward-looking approach, I don’t know what is.","author_name":"Branden Rivera Legrand","votes":1,"created_at":"2022-02-04T14:39:16Z","canonical_url":"https://wefunder.com/asenso#question-191098","answers":[]},{"id":189040,"entity_id":"wefunder:comment:189040","question":"Assuming no meaningful revenue in the near future, what kind of runway (in months) will Asenso have after the $1M goal has been reached?","author_name":"Jaime Lejsek","votes":1,"created_at":"2022-01-18T17:24:41Z","canonical_url":"https://wefunder.com/asenso#question-189040","answers":[{"id":189402,"entity_id":"wefunder:comment:189402","answer":"Hi Jaime, thank you for your question. Asenso Finance’s business model is built on sustainable growth and market focus, so we can be profitable in 18-24 months. Assuming no significant revenue–which we do not foresee–the $1M will give Asenso an 8 month period to reorganize and re-strategize the business model.","author_name":"Carina Oriel","votes":0,"created_at":"2022-01-21T19:13:53Z"}]},{"id":185189,"entity_id":"wefunder:comment:185189","question":"Is this a SAFE from QSBS? See the QSBS here https://www.investopedia.com/terms/q/qsbs-qualified-small-business-stock.asp","author_name":"Guenadi Jilevski","votes":1,"created_at":"2021-12-26T13:14:44Z","canonical_url":"https://wefunder.com/asenso#question-185189","answers":[{"id":189298,"entity_id":"wefunder:comment:189298","answer":"Thank you for your interest in supporting Asenso Finance, Guenadi. The complete details of our investment terms for our SAFE agreement will be available for your review upon submission of our official Form C filing with the SEC. This legal document will be made available for your consideration on both our Wefunder page and also on the SEC’s EDGAR website here: https://www.sec.gov/edgar/search/. Investors who have already placed reservations in our company or those who subscribe to news updates in our Wefunder campaign will be notified via email once our Form C has been submitted. With that, we would then be able to formally accept investments.","author_name":"Carina Oriel","votes":0,"created_at":"2022-01-20T20:25:49Z"}]},{"id":331605,"entity_id":"wefunder:comment:331605","question":"Any updates?","author_name":"Mario M Teel Jr.","votes":0,"created_at":"2026-04-21T11:47:41Z","canonical_url":"https://wefunder.com/asenso#question-331605","answers":[]}],"faq":[{"question":"Is this a SAFE from QSBS? See the QSBS here https://www.investopedia.com/terms/q/qsbs-qualified-small-business-stock.asp","answer":"Thank you for your interest in supporting Asenso Finance, Guenadi. The complete details of our investment terms for our SAFE agreement will be available for your review upon submission of our official Form C filing with the SEC. This legal document will be made available for your consideration on both our Wefunder page and also on the SEC’s EDGAR website here: https://www.sec.gov/edgar/search/. Investors who have already placed reservations in our company or those who subscribe to news update..."},{"question":"Assuming no meaningful revenue in the near future, what kind of runway (in months) will Asenso have after the $1M goal has been reached?","answer":"Hi Jaime, thank you for your question. Asenso Finance’s business model is built on sustainable growth and market focus, so we can be profitable in 18-24 months. Assuming no significant revenue–which we do not foresee–the $1M will give Asenso an 8 month period to reorganize and re-strategize the business model."},{"question":"Can you give an overview of what's in the pipeline, as well as revenue projections for 2022 and beyond?","answer":"Great question, Kevin. For 2022, our projected revenues are tied to our existing clients. In Q3 and Q4, we plan on onboarding 10-15 new clients as we launch our product. We expect for the clients to take 30-60 days to process their first loan so many of our inbound clients will not be revenue generating until 2023."},{"question":"If you onboard 10-15 clients this year, that would seemingly put you years ahead of projections in terms of client numbers. Do you also anticipate the loan volume from those clients (and subsequent revenue) coming in at the levels mentioned in the pitch?","answer":"Hi Kevin, you are correct and on point. As we meet more clients, we continue to understand the unique positioning of each CDFI in their own communities. As such, we anticipate some will process more loans than others based on their borrowers' base."},{"question":"1) At period end 12/31/21, there was $80K in revenues. Does this imply approximately $1.6MM in facilities were originated from Asenso? If so, is this from one facility or multiple? 2) If Asenso is providing the underwriting and various other necessary on-boarding tasks, does A...","answer":"Hi Andrew, Thank you for the questions. In summary, you answered most of the questions for me already. However, to clarify, Asenso is a software and servicing provider. We do not originate loans, the financial institutions does. Our system customized each of the financial institutions' underwriting requirements so it automates the loan process. Please feel free to contact me directly, and I can help further clarify any questions."}]}}}