7.7 / 10
 Stocking Pelham

Business providing SaaS platform for building mobile eCommerce stores, with 1,000+ clients, targeting African merchants.

Key Business Facts
Yearly Sales USD 200 thousand
EBIDTA Margin Nil
Industries Application Software
Locations  Stocking Pelham
Business Overview
- Business offering a Software as a Service (SaaS) platform for building mobile eCommerce stores, providing a website builder for professional designers and developers to create responsive, highly functional websites.
- The platform is comparable to Shopify, Square Online, and WooCommerce, and is specifically tailored to be affordable for African merchants.
- It is manageable via mobile devices, catering to the mobile-centric nature of eCommerce in Africa.
- The platform has established partnerships with global entities such as Worldpay and Getty Images, adding credibility to its service offerings.
- It has secured corporate clients, including Reach PLC, one of the UK's leading media companies, which resells the platform's products to its own customers.
- The business boasts a client base of over 1000, which mainly consists of web developers.
- The business operates on a monthly subscription model, offering basic to enterprise-level packages priced at EUR 8 to 55.
- Additionally, the business generates supplementary revenue through website design and hosting.
- Currently, the business is at breakeven because they are re-investing in their product development.
Products & Services Overview
SaaS platform for building mobile eCommerce stores.
Website builder for professional designers & developers.
Can create responsive, highly functional websites.
Sold as a monthly subscription model, offering basic to enterprise-level packages.
Capitalization Overview
The company has previously raised £500,000 and the two founders are the majority shareholders. No outstanding loans or liabilities.
Assets Overview
No physical assets. Our proprietary software has been valued by leading IP consultants - Mathys & Squire at £6m with a current build cost of £10m+
Partial Stake Sale
USD 640 thousand for 15.0% stake (Native Currency: GBP 500,000)
Reason: Seeking investment for global expansion across other European and African countries.
Interested to connect with advisors
In talks with 1 Investor
Contact Business