Mobile socialise application

Mobile socialise application

Current Status Growth
Amount Invested rm150,000
Funding Required RM600,001 to RM1,000,000
Description A mobile socialise application enhance with the feature of chatroom, reminder, bookmark, My Sav*(applicable on Android only) & sharing multimedia content. This application act as a daily organiser to user.
Business Opportunity For users experiences, chatroom serve as the platform for users to communicate and share. Whilst, bookmark, reminder & My Sav* will be the enhance features to keep/store and manage the important information for user. Each keep/store information will be in pages accordingly.
Revenue / Business Model To generate primary income, getting advertisements from third parties to promote in our application is important. In order to make it happen, volume of user is vital part for a application to convince potential client to advertise with us. Therefore, a right marketing strategy need to be execute to boost the numbers of users.

Secondly, income come from the application itself, a page of voluntary contribution able to generate secondary income.

Third, this is the most interesting part as do our users number grow, a new generation of advertising feature will add into this application whenever our download statistic reach substantial amount. Whenever user use this feature, a chargeable fees is applicable. We will make advertising as convenient as possible on users finger tip.

Management Team This application was supported by a team of reputable software developer from India. For time being, it does not need any server maintenance work force; as virtual server provider do cover up this part. As user expand, self-owned server might be needed to accommodate large number of users as storage with existing server provider is limited.
Company Background Idea initially was founded in year of 2014. As steadily progress, a company was founded to take over the application on July 2015.
Funding Milestone nil
% Equity Allocation 30%
Expected ROI unexpected
Risks and Mitigation Competition will take place whenever any others mobile application follow our feature and repackage into their own feature. Therefore, a copyright or trademark need to be drawn into our features.
Exit Strategies To be discuss
Company Name MYMATE SERVICES SDN BHD
Business Address Solaris Mont Kiara Jalan Solaris 4 50480 KL
Contact Person alex
CAPITAL.MY