Project Cost: RM700,000
Amount Invested : RM300,000
Amount Required : RM200,000
Knowledge / Experience Required:
strategy
finance
sale & marketing
Proposed Investor’s Role: full time
Industry:
informatics / multimedia
internet
telecommunications
Project Stage: seed
EXECUTIVE SUMMARY:
Company History:
My company GoZwipe.com is developing a Mobile Point of Sales system compatible with all Android , Blackberry and iOS devices by enabling anyone to accept credit card payments with a smartphone. GoZwipe will be integrating a Collective Buying Model for users and merchants to increase sales and simplify the payment process. We are currently looking for angel investors and mentors for our startup. For your info., GoZwipe has signed an NDA with Maxis and Bank Rakyat to implement this revolutionary technology.
Product / Service Description:
My company GoZwipe.com is developing a Mobile Point of Sales system compatible with all Android , Blackberry and iOS devices by enabling anyone to accept credit card payments with a smartphone. GoZwipe will be integrating a Collective Buying Model for users and merchants to increase sales and simplify the payment process. Overview of our Mobile Point of Sale technology:
https://www.dropbox.com/s/ykj3dx2cu285oio/MIDAGoZwipe.pdf
Business Opportunity:
1.) Sales, Inventory and Data Analysis integration for offline and online payments
2.) To enable smaller merchants accept credit/ debit cards with ease.
3.) Cost efficient compared to traditional P.O.S system
4.) Mobility
5.) Cloud based Sales Data Tracking
Target Market- Hawkers, Cab drivers, restaurant owners, insurance agents, cash on delivery (courier companies).
Revenue Model:
GoZwipe absorbs a fee for every credit/debit card transactions.
The more merchants or bigger the transaction amount will add to the revenue amount for GoZwipe
Management Team: n/a
Current Status:
Malaysia. Invested RM300,000. We have applied for Cradle and the first round has been approved.
Funding Milestone:
first milestone: MOQ of 10,000 units of mPOS
second milestone: obtain Bank Negara approval for all mPOS device.
third milestone: Mass Marketing and merchant acquiring
Business Valuation:
10% for RM 200,000.
Expected Return On Investment:
40% per annum
Investment Risk and Mitigation: n/a
Exit Strategies: n/a
CONTACT INFORMATION
hooi lit chen ( terrence@optionxt.com)
Company Name: GoZwipe
No 6-2, Jalan PJS 8/12a, Dataran Mentari,
Bandar Sunway,
46150 , PJ, Selangor.
Malaysia
Telephone : 0133883040
Mobile: 0133883040
Leave a Reply