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Asaak
OperatingAsaak Financial Services Ltd
Founded 2017
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
Raised $289.2K / $535KInvestors 636Valuation cap $50M
Raised $913.7K / $1.1MInvestors 1,925Valuation cap $10M
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
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.