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 | 3:09 PM Asia / Riyadh |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
133 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
1.33 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.
- 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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