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...

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.

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.

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.

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.

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