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Mobile App Seeking Loan in Jeddah, Saudi Arabia

Specialized app in the beauty industry looking for a partner to support our vision.

Established 0-1 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Mobile Apps
Locations  Jeddah
Local Time 10:39 AM Asia / Riyadh
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 130 thousand for 15.0% annual interest, 3 years (Native Currency: SAR 500,000)
Reason: Need funds for marketing and hiring staff to expand the business.
Collateral Available: USD 0
Includes physical assets worth USD 1.3 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview

- The business currently has 6 employees and is in the launching phase, with plans to release the app to end users in the next week.

- The app has been developed in-house, and the business aims to capture 20% of the beauty market in Saudi Arabia, which is estimated at around 2 billion Saudi riyals.

- The business model revolves around generating revenue by charging commissions on bookings made through the app.

- The app targets a niche market within the beauty industry and aims to provide a convenient platform for both service providers and customers, streamlining the booking process.

- We possess a Commercial License.

Products & Services Overview

We are a platform for connecting plastic surgeons, dermatologists, beauty salons, and makeup artists to customers in one app with a seamless one-tap booking journey.

Assets Overview

Tangible- We own desktops and laptops only.

Facilities Overview

One office with a meeting room in Jeddah. We pay an annual rent of SAR 18,000. It is located in the south of the city.

Capitalization Overview

Founder: 65%

Co-founder: 35%

No lease or loans till now.

We started from our own finance to launch the project successfully.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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