• Target

    £1,700,000

  • Type

    Equity

  • Close Date

    Oct 31 2019

  • Status

    Closed

RISK WARNING: Your capital is at risk. The risks include: the lack of liquidity in this market in terms of being able to realise investments and the loss of the value of investment. When you invest any loss in value will not be covered by the Financial Services Compensation Scheme.
Please read FULL risk warning.

NewPath

NewPath is focused on increasing access to smartphones in emerging markets by allowing customers to lease phones instead of having to buy the devices

Investment closes only once the total pledged amount passes the minimum of £900,000

Total Pledged: £1,269,515
Max

£1,700,000

£

A pledge is not a commitment. You will be asked to confirm in the next section.

Track
Contact
Companies
House
Twitter

Overview

The company is focused on increasing access to smartphones in emerging markets by allowing customers to lease phones instead of having to buy the devices for the full cost upfront. One of their innovations is that they can reduce the smartphone device functionality if leasing payments are missed, enabling people with lower credits to get access to smartphones for the first time. 
 
The company has a b2b model where it is working with distribution partners such as telecoms operators, microfinance companies, leasing companies and handset distributors and is charging a SAAS fee per device to these partners. The company is currently live in Kenya and is rolling out to other countries in Africa and South East Asia this summer; including with telecoms operators which have more than 250 million customers. 
 

The company has an investor base which has sat on the boards of emerging market telecoms operators which reach 1.2 billion people and NewPath also has a shareholder which has an ownership stake in a telecoms carrier which reaches over 300 million telecoms in emerging markets. Their current sales pipeline of partners reaches over 1 billion customers – and with the majority of these the company has been introduced to the CEO’s of the respective companies. 
 

The company is also expecting to start a 4-year $3 million contract with USAID to roll out its solution out in West Africa. USAID are interested in the leased smartphones being pre-loaded with agricultural apps and financial inclusion apps and also for them to be bundled with small solar chargers / panels. This package will be financed and distributed by a local partner microfinance company. 
-- 


Deal Manager avatar

Deal Manager
Tobias Hurdle

  • Sector: Technology / IT / Software
  • Region: UK: London
  • Stage: Early stage - early revenues, pre-profit
  • Eligible Tax: EIS
  • Board Requirement: Will consider further board appointments
  • Pre Money Valuation: £15,170,960
  • Share Price: £9.80
  • Originator: Envestors
This section is currently locked.
Please Sign Up or Log In to unlock.

Team

This section is currently locked.
Please Sign Up or Log In to unlock.

Market

This section is currently locked.
Please Sign Up or Log In to unlock.

Discussions

This section is currently locked.
Please Sign Up or Log In to unlock.

Documents

2 documents are currently locked.
To unlock the Data Room you will need to Sign Up or Login

Originator


Originator: Envestors

Investment Focus: Equity and Debt

About: Envestors is a FCA regulated corporate finance adviser in the UK and operates an international network of sophisticated investors investing an average of £42,000 in high growth unquoted companies seeking £250,000 to £2m in equity funding.

Contact Name: Oliver Woolley

  • Registered Investors
    Over 1000
  • Investment through platform
    Over £100m