Application Software Startup Seeking Loan in Bridgetown, Barbados
Ground-breaking loyalty and wallet platform, based in the Caribbean, seeking a loan for product development.
| Established | 0-1 year(s) |
| Employees | < 2 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Application Software |
| Locations | Bridgetown |
| Local Time | 11:30 AM America / Barbados |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
500 thousand
for
5.0%
annual interest,
5
years
(Native Currency: BBD 1,000,000)
Reason: The funds will be used to complete software development for all the proposed products along with cov...
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Collateral Available: USD 500 thousand
Includes physical assets worth
USD
50 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
1. It is a loyalty and lifestyle app with multiple components. Our current value is estimated to be approximately BBD $400K.
2. Prototype, Version 1 is completed.
3. Our Rubix is our native "point" and is an internal currency for in-app transactions/purchases.
4. Has amassed a pre-registered user base of 20,000 users, just 20 pre-registered businesses so far, 100 expected by the end of next month.
5. Our projected revenue streams are from advertising, merchant subscriptions, micro loan fees, revenues from investments, and our matrix program.
2. Prototype, Version 1 is completed.
3. Our Rubix is our native "point" and is an internal currency for in-app transactions/purchases.
4. Has amassed a pre-registered user base of 20,000 users, just 20 pre-registered businesses so far, 100 expected by the end of next month.
5. Our projected revenue streams are from advertising, merchant subscriptions, micro loan fees, revenues from investments, and our matrix program.
Products & Services Overview
Marketing, retail sales, lifestyle services (bill payments, tickets sales, etc)
Assets Overview
Intellectual Property for all code associated with Version 1 of the application.
Facilities Overview
Our current office is just 815 sq ft, single floor. Our rental expense is currently accruing at BBD $1,500/month.
Capitalization Overview
The business is funded by the founding member. Current debts are nil. The number of shareholders stands at 1 with 100% ownership.
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