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Operating

New World Savings, Inc.

Fintech · Dana Point, CA · Founded 2017

Minority-founded

Advanced savings tool helping our customers achieve & purchase their goals

Valuation cap ⓘ
$18.5M
As of Apr 2022 · from Reg CF Offering (2021) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$4,755,473
Crowd $4.0M · Private $794K · 7 rounds since 2019
Latest share price
$3.19
Reg CF · Common Stock · Mar 2023 offering price

Financials

FY2018–FY2022 · from SEC filings · hover any figure for its source
$0
−$97K
2018
$0
−$131K
2019
$0
−$528K
2020
$0
−$958K
2021
$149K
−$1.3M
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018 reviewed
FY2019 reviewed
FY2020
FY2021
FY2022
Income statement
Revenue
$0
$0
$0
$0
$149,141
Cost of goods sold
$0
$0
$0
$0
$0
Gross margin
—
—
—
—
100%
Net income
-$97,398
-$130,784
-$528,201
-$957,518
-$1,342,994
Taxes paid
$0
$0
$0
$0
$0
Balance sheet
Cash
$4,167
$45,028
$478,582
$215,263
$700,086
Accounts receivable
$0
$0
$0
$0
$0
Total assets
$4,167
$45,028
$651,895
$142,200
$910,366
Short-term debt
$101,565
$87,210
$169,918
$1,008,195
$597,457
Long-term debt
$0
$86,000
$256,500
$781,038
$2,542,101
Total liabilities
$101,565
$173,210
$426,418
$1,789,233
$3,139,558
Other
Headcount
—
2
3
0
13

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, 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 rounds
$18.5M
Valuation cap
Reg CF · SAFE · Oct 2021

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Share price over rounds

log scale
$3.19$0.0179$0.0001
Mar 2020Mar 2023
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2020
ClassOutstandingVotes / shareShare of totalLast price
Common Stock12,270,624—100.0%$3.19Mar 2023

Sold to the crowd

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

Raised $498.8K / $2.5MInvestors 313
Reg CF · SAFE · Oct 2021Closedvia Republic
Raised $2.4M / $3.9MInvestors 2,168Valuation cap $18.5M
Raised $1.1M / $1.1M
Raised $125KInvestors 2
Raised $342.5KInvestors 17

Team

3 people
Scott Armstrong
Chief Executive Officer
Richard Ingrassia
Director
Ryan Armstrong
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

Not required3+ reports filed & assets ≤ $10M

Filed 3 of 6 annual reports (FY2020–FY2025)

2,168 investors
holder-count proxy

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

  • Form C-ARMay 1, 20230001213900-23-034794
    EDGAR
  • Form C-UMay 1, 20230001864861-23-000007
    EDGAR
  • Form CMar 23, 20230001794222-23-000002
    EDGAR
  • Form C-UApr 29, 20220001794222-22-000001
    EDGAR
  • Form C-ARApr 28, 20220001213900-22-022080
    EDGAR
  • Form C/ADec 17, 20210001794222-21-000003
    EDGAR
  • Form COct 22, 20210001794222-21-000002
    EDGAR
  • Form DOct 7, 20210001786236-21-000002
    EDGAR
Source: ManualCIK 0001794222CAShare price $3.19

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.