Asaak
OperatingAsaak Financial Services Ltd
Fintech · Founded 2017
Next generation asset-backed loans for Africa.
Financials
FY2018–FY2021 · from SEC filings · hover any figure for its sourceFigures 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, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Valuation caps on SAFE / convertible note roundsDashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.
Cap table
Share counts as of Dec 31, 2019| Class | Outstanding | Votes / share | Share of total | Last price |
|---|---|---|---|---|
| Preferred stockpreferred | 3,888,888 | — | 39.3% | — |
| Common stock | 6,013,125 | — | 60.7% | — |
| Total | 9,902,013 | 100% |
Sold to the crowd
- Reg CF · Feb 2021$913.7K· 1,925 investors
- Reg CF · Aug 2022$289.2K· 636 investors
From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.
Fundraising history
Team
4 peopleNames and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.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
Filed 1 of 6 annual reports (FY2020–FY2025)
Missing: 2020, 2022, 2023, 2024, 2025
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, 20230001849754-23-000002EDGAR
- Form C-ARAug 17, 20220001822345-22-000002EDGAR
- Form CAug 17, 20220001822345-22-000003EDGAR
- Form DAug 26, 20210001822345-21-000004EDGAR
- Form C-UApr 12, 20210001822345-21-000003EDGAR
- Form C/AMar 17, 20210001822345-21-000002EDGAR
- Form CFeb 23, 20210001822345-21-000001EDGAR
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.