Affordable Smartphones, SAAS solution

Our client is focused on making smartphones more affordable in emerging markets by allowing them to be leased via monthly payments. The company is backed by several British VC firms, telco directors and a family who are significant shareholders in an emerging market telecoms operator with 250 million+ customers.

In partnership with a major global tech company, our client has developed software that gradually reduces a smartphone’s functionality if leasing payments are missed, thereby reducing the risk of leased phones in emerging markets. The model is highly scalable; they have partnered with a number of telecoms operators/ financing companies in East Africa and will shortly roll out in Asia and Latin America.

Location Amount EIS/SEIS Stage Reference
London £1.2m Equity Investment EIS applicable Development Capital 7143

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