Fintech Asenso has successfully closed its crowdfunding campaign on Wefunder, raising over $300K from nearly 400 investors across the US and overseas.
“One of the things we’re proud of is that we have nurtured a solid community of investors who have believed in what we’re aiming to achieve from the get go,” said Asenso President Keny Chang. “On behalf of the team, I would like to thank everyone for their continued support,” he added.
“Our successful crowdfunding campaign puts us in a position where we can fine tune the technology and scale our operations, giving small businesses the Working Capital Marketplace they deserve,” said Asenso Chairman Winston Damarillo.
Asenso emerged from Talino Venture Labs’s FDIC Tech Sprint win in 2021 and has come a long way since then. It has evolved into a Working Capital Marketplace; powered by a proprietary credit rating system, Asenso connects American small businesses who are in need of affordable working capital to community banks and CDFIs.
More exciting developments are on the horizon: Asenso has recently closed an agreement with the National Asian American Coalition to process $50M worth of small business loans. The fintech is also in the process of becoming a full-fledged neobank, which would enable it to provide a full suite of banking services to small businesses.
Asenso’s remains committed to its mission: to make working capital available to as many small businesses as possible and see them thrive.