Cedar Credit Builder on WeFunder | Deal Memo

Jun 4, 2021 2 min read
Invest in Cedar Credit Builder: Building the world’s most innovative personal finance and credit solutions. | Wefunder
Building the world’s most innovative personal finance and credit solutions.

Company Overview

Problem Addressed: Banks continuously tout how they are supporting the under-banked or improving access, but all they are doing is delivering the same old products, at higher costs, to more vulnerable populations.

The Product: Cedar believes that there is such a large number of un-banked and under-banked consumers because the products and services currently being offered in the market do not meet their needs. Cedar supports the 102 million US adults (12MM consumers age 18-24 with no credit profile at all) with thin or no credit profile who may not be able to access healthy credit products.

Deal Terms

  • Security: Priced Round
  • Pre-Money Valuation: $3,760,000
  • Min. Investment: $100

(Data as of June 2021.)

Cedar Credit Builder: WeFunder Campaign Highlights

  • Strategic partners with over 10 million prospective customers and $100 million in annual revenue.
  • Industry leading bank partner contracted and path to expedited product expansion.
  • Highly skilled founding team and successful startup founder experience with over $9MM raised.
  • Huge market opportunity, with value soaring from $36B to $722B by 2028. 47% Annual Growth Rate.
  • Top industry advisors that have founded companies worth over $1B.
  • Beta users successfully onboarded with eligibility 100% confirmed.
  • Partnership with CoreCard, the processor for Apple Card and Kabbage.
  • Went through Falls Fintech accelerator 2020, an industry leader in bringing top startups to market.

Did I Invest In Cedar Credit Builder?

I’m still in the process of writing a full deal report and decide whether or not I will invest in Cedar Credit Builder on WeFunder. At Angel Notes, I review 100+ pitches on 10+ platforms every month and send a detailed report every Saturday to subscribers of the Angel Notes newsletter (you can join through the form below). See you soon!

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