# Asenso 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. - Canonical URL: https://wefunder.com/asenso - Entity ID: wefunder:company:105010 - Last updated: 2026-06-21T23:52:51Z - Generated at: 2026-06-22T04:17:12Z ## Quick facts - 🏦 Signed $50,000,000 loans processing deal to provide small businesses with working capital - 🏆 Built by the award winning team of the FDIC's tech sprint to reach unbanked communities - 🚀 Founders with track record of success including multiple exits - 🔥 Partner of the LAEDC's Coalition to win the U.S. EDA's $1B Build Back Better Regional Challenge - đź’¸ 1 of 56 startups out of +1,500 applicants selected to participate in Mercury Bank's Raise Program - đź’Ş Led by a seasoned team with expertise in technology, banking, and social impact - 🌎 Addresses a $73B underserved market - 🌟 Backed by Talino Venture Labs, the award-winning global fintech venture studio ## Active fundraises - wefunder:fundraise:100233: 4(a)(6) open (USD) - wefunder:fundraise:55730: 4(a)(6) successful (USD) - wefunder:fundraise:55740: 4(a)(6) successful (USD) ## Story Did you know that at least 1 of 4, or at least 27%, of small business loans are unfunded or underfunded?That's at least 7.3 million loan applications unfulfilled, which means at least 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 $73 billion.  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 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, bridging SMBs to affordable working capital that meets their unique requirements. Our solution at Asenso is simple: We work with 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 underwriting, identity verification, credit check, risk and compliance, document generation, reports generation, and disbursement between the CDFIs and the modelWe provide credit risk rating, to give you a greater chance of being matched with an appropriate loan productYou get the comfort and convenience of knowing you've got a partner who can back you up when you need it most. 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 team of global professionals with venture capital, serial entrepreneurship, banking & finance, public policy, social impact, and emerging market experience.We operate between the U.S. and Asian corridors, giving us access to great talent and diverse perspectives from different parts of the world.  ## FAQ 1. **Is this a SAFE from QSBS? See the QSBS here https://www.investopedia.com/terms/q/qsbs-qualified-small-business-stock.asp** - 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... 2. **Assuming no meaningful revenue in the near future, what kind of runway (in months) will Asenso have after the $1M goal has been reached?** - 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. 3. **Can you give an overview of what's in the pipeline, as well as revenue projections for 2022 and beyond?** - 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. 4. **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?** - 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. 5. **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...** - 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. ## Team - Keny Chang (President) - Winston Damarillo (Chairman) - Ellis T Fisher (Exec. Director, Strategy and Product Innovation) - Cindy Ty (Chief Financial & Operations Officer) - Francis Paolo Gilbuena (VP of Sales) ## Recent posts - Closing TODAY! (2022-06-29T13:28:19Z) - Secure your slots now for Asenso’s Investor Brief and Q&A on June 16! (2022-06-14T15:04:03Z) - Register Now for Asenso’s Investor Brief and Q&A on June 16! (2022-06-02T17:42:07Z) - Just had a talk with students from Fordham University (2022-04-06T19:32:22Z) - BIG BIG NEWS! đź’Łđź’Łđź’Ł (2022-03-28T20:22:59Z) - We’ve Been In The News! (2022-03-04T00:11:02Z) - Words of Wisdom from Keny Chang, Our Diversity and Inclusion Champion (aside from being our President!) (2022-02-17T01:42:55Z) ## Q&A - Q: Do I get a copy of my contract since i invested? Something saying what i get? - A: 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! - Q: When will Talino Venture Labs have another Crowdfunding campaign round again in the future???!@ - Q: 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? - A: 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. - Q: Any updates on my investment? I made years ago I haven't received anything - Q: 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. - Q: 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 - Q: We haven't heard any news since June 2022. Can you please provide an update on the company's status - good or bad? - Q: Would like to know what is going on since I invested - Q: 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 - Q: when is the next investers meeting? And what's next ? - Q: are you going to open back up to investors again? - Q: What are the terms of the SAFE - pre- or post-money; any discount if pre-money? - A: 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. - Q: When do investors get paid out? - A: Hello Mario, Investors get paid out when company declares dividend or when it get sold or goes public. - Q: Any new updates? We are looking forward to a long Partnership as a new investor. - A: Hello Anibal, more updates coming up every two weeks. Please make sure to confirm your investment and we look forward to a great future. - Q: Hi Keny, what is your exit strategy? Also, is there an email you could provide to contact you directly? Cheers, Maxim - A: Hello Max, Feel free to contact me directly at kchang@asenso.io I look forward to hear from you.