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Asaak

Operating

Asaak Financial Services Ltd

Founded 2017

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Next generation asset-backed loans for Africa.

Valuation cap ⓘ
$50.0M
As of Jan 2023 · from Asaak Crowd SAFE 2 · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$1,202,934
Across 2 rounds since 2021

Financials

FY2018–FY2021 · from SEC filings · hover any figure for its source
$126K
−$1.2M
2018
$166K
−$391K
2019
$201K
−$187K
2020
$1.1M
−$256K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019
FY2020
FY2021
Income statement
Revenue
$126,447
$166,003
$201,207
$1,065,078
Cost of goods sold
$79,228
$147,888
$97,757
$254,494
Gross margin
37%
11%
51%
76%
Net income
-$1,239,642
-$391,364
-$186,651
-$256,388
Taxes paid
$0
$0
$166
$840
Balance sheet
Cash
$223,055
$307,999
$329,742
$1,124,734
Accounts receivable
$0
$0
$0
$60
Total assets
$364,580
$538,436
$2,445,985
$8,136,656
Short-term debt
$342,514
$657,736
$1,025,806
$2,880,654
Long-term debt
$0
$0
$516,834
$2,406,515
Total liabilities
$342,514
$657,736
$1,542,640
$5,287,169
Other
Headcount
—
3
—
3

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Post-money = pre-money + amount raised · caps marked
$10.0M
Valuation cap
$50.0M
Valuation cap
Asaak Crowd SAFE 1
Asaak Crowd SAFE 2

A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.

Fundraising history

Asaak Crowd SAFE 2ClosedReg CF · SAFE · via Republic
Raised $289.2K / $535KInvestors 636Valuation cap $50M
Asaak Crowd SAFE 1ClosedReg CF · SAFE · via Republic
Raised $913.7K / $1.1MInvestors 1,925Valuation cap $10M

Team

4 people
Kaivan Sattar
CEO, Director
Anthony Leontiev
Director
Dylan Terrill
Director
Edward Egwalu
Director

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 1 of 6 annual reports (FY2020–FY2025)

Missing: 2020, 2022, 2023, 2024, 2025

1,925 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-UFeb 3, 20230001849754-23-000002
    EDGAR
  • Form C-ARAug 17, 20220001822345-22-000002
    EDGAR
  • Form CAug 17, 20220001822345-22-000003
    EDGAR
  • Form DAug 26, 20210001822345-21-000004
    EDGAR
  • Form C-UApr 12, 20210001822345-21-000003
    EDGAR
  • Form C/AMar 17, 20210001822345-21-000002
    EDGAR
  • Form CFeb 23, 20210001822345-21-000001
    EDGAR
Source: ManualCIK 0001822345

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.