FinTech Businesses Seeking Loan

- Uganda based finance company that has been operational for over 5 years. - We grossed UGX 60m in 2018 but due to an extremely high cost of capital finance, we nonetheless netted a loss. - We have successfully developed in-house the first of its kind (in Uganda) B2C and P2P mobile lending application system that is designed to reduce our costs of operation by far while increasing the client base and convenience. We intend to disburse loans through this platform a first of its kind made by Ugandans-crypto token that has been developed by a sister company. This will not only revolutionize the face of credit in the country but also minimize delinquency by far through the use of smart contracts. - We have up to 20 recurring clients. - We intend to make loans both using ADC and UGX however for the first 3-6 months, it shall be UGX as we affirm the position of ADC in our market. - Use of crypto tokens and currencies in Uganda is still a little limited so we would have to do a little more of sensitization as to the benefits such as much lower transaction costs and higher utility. - Current outstanding loan book is approximately UGX 45 million against a client's land title collateral valued at UGX 200m. However, it would be important to point out that we took a major hit early last year that cost us active operation up until a few weeks ago. Following a gross profit of UGX 60m 2 years ago which nonetheless registered a net loss due to our high cost of finance (10% per month), we decided to, for the first time, take out a bank loan. However, we were, unfortunately, misled by the MDI we approached into what would be a UGX 50m loan whereas we were seeking UGX 150m. This MDI gave us assurance of giving at least UGX 100m but they could not honour the commitment later. This set us on a path of downfall which had us mostly repaying them. This chocked out all our active lending operations. - Business owes UGX 60 million including the MDI loan whose balance is 30m to creditors. - In the past 2 weeks we have finally secured amount of UGX 2.5m of which UGX 700 thousand has already been disbursed in new loans at an average 15% per month to local small business (graphics and printery company). Another UGX 450,000 is just about to be disbursed to a confectionery micro-business seeking to expand its operations. - From our direct lending operations and online credit platform, we earn through the following revenue streams: A. Interest charged against direct loans using our various products (10-20% per month which we strive to lower as our capital portfolio increases-this is why we sought out the MDI loan that unfortunately didn't go well) B. Applications fees (30-50K per applicant on a case-to-case basis) C. Processing fees (3-5% of approved loan sum) D. Late fees (0.1-0.35% of outstanding principal balances upon default) E. A 3-5% service fee charged against approved principle sums from registered lenders to matched pre-qualified borrowers (payable by the borrowers) F. A 10-20% commission charged against interest receivable by lenders upon repayment by borrowers (depending on whether we or the lender maintains custody of the borrower's collaterals) G. Applications fees (UGX 30,000 quarterly) - We lend our own money as registered lenders ourselves but also charge commissions and service fees on lenders interest and borrowers principles respectively. - Before our setback last year, we had made up to 91 loans at our peak. However this year, we have so far made 2 loans with 1 in assessment stage (confectionery) - 57% of the loans we made have been successfully recovered. - The directors are also co-directors at a business accelerator / young venture capital company in the making based in Uganda that has 9 other young high growth potential businesses in 9 different businesses all of which together with their clientele are a major potential market for enabling finance's loan products. - We sought out a microfinance loan early last year in an attempt to lower our cost of finance and reduce/transfer some of our liabilities however due to a lack of transparency and honesty on the bank's side and limited credit finance experience on our side (we only lent and not borrowed by then), this did not work out too well and left us in a bad place where we were only able to offset some the intended liabilities and remained with no working capital to execute our new and improved systems. Upon COVID-19, we as with many others were allowed a 2-month repayment holiday that expired in August. Presently, through our efforts in pushing out new service, we now have as lending partners Finance Trust bank, Post Bank Uganda, Top Finance bank and a number of local money lenders including platinum credit even though not documented. Over just the past 3 weeks, we have been engaged by credible borrowers seeking a combined total of UGX 2.610B. These especially the larger clients haven't yet been matched to lenders due to a rather lengthy and frankly not so competitive processing period that is typical to larger financers such as our bank partners above. The vision would be for us to have finance partners who upon receiving our assessment of a potential client, are able to quickly perform their necessary verifications and have the client approved or otherwise for finance within 3-10 working days depending on the principle sum in question. - There are so many credible borrowers in Uganda and Africa at large that are able to afford a wide range of interest repayment (3-15% per month) if only they are able to acquire a financier that is able to understand their vision and present situation and craft a repayment plan accordingly.

- Business is registered in the UK and operates in Greece. - We have developed MQL5 script-based automated and semi-automated trading software for FX portfolio owners. - Software is developed in-house. - Have 35 clients and our clients are FX portfolio owners in Greece. - We offer expert advice on the MT4 platform which is going to be consumed by our clients who are retail traders in FX Markets. The software commits technical trading in fully automated mode. - We guide the clients on how to monitor algorithm performance through their own FX account through our multi-account module and we help our clients generate profit. - We have gained popularity due to word of mouth marketing. - Mean growth rate per year is 9 clients per portfolio. - Our software has been back-tested for more than 3 years. - We generate revenue by charging a commission on the client's success rate. We charge 20-30% commission on the net profit. - Owner is from the UK but runs the business in Greece. Have plans to open another branch office in the UK soon. - Company has all the required documents and licenses to operate the business. - Promoter has more than 10 years of experience in this field. - Physical assets include servers, computers and furniture.

Startup offers financial support to patients who undergo surgery related to dermatology, dental and bariatrics. When a patient visits a clinic, we make the entire payment for the surgery and then the patient pays us back in installments within 12 months. We have established tie-ups with clinics in Egypt who promote our service to the patients. Since we are a startup, we promote our brand and financial services through social media marketing and cold calls. We do not require any special regulatory approval / license to conduct our business activity. Before offering our financial support to a patient, we do a complete background verification and legal checks including income, bank balance, identity and address. We sign a legal agreement with each patient. Since inception, we have received enquiries from 100 patients of which 4 patients have used our financial service. We currently have 30 clinics in our network but our business has the potential to on-board more than 2,000 clinics. We are currently managing the entire operations manually and are in the process to develop a mobile app to streamline the operations. In order to generate revenue, patients as well as the clinics are charged 10-20% commission. In addition, clinics are also charged a yearly subscription fee. Our startup is yet to be registered. We are currently billing customers in the parent company's name. After raising funds, we would register the startup under a new legal entity. Founder of the business has 5 years of experience in software and healthcare industry. We have raised capital of more than USD 150K.