We offer flexible options. Investors can purchase equity or provide working capital for device procurement, which can be repaid within two years. We are open to discussions on equity split, based on individual investment.

We use a SaaS model, where we sell licenses for each device financed on credit. Copying this system would be very challenging and time-consuming, requiring multiple vendor integrations.

Yes, it’s possible to start with a smaller amount, around $500k-700k, for the first six months. As the business grows, funding needs will increase, with an anticipated total of $1.5 million by the end of the year.

Yes, this model can work for small businesses or resellers. In fact, it’s ideal for small outlets that offer devices on credit without the need for significant financial leverage. This is especially beneficial for targeting migrant workers, providing them with affordable payment options while allowing sellers to maintain strong margins.

GetMobi employs a structured approach, starting with reminders and escalating to collection efforts if necessary. This may include working with collection agencies or legal action to recover outstanding amounts.

We protect against fraud and non-payment using several methods:

• An initial down payment to filter out fraudulent borrowers.
• A credit scoring system similar to traditional banks or microfinance institutions (MFI).
• Classic debt recovery techniques, including calls, claims, and lawsuits.
• A provision for bad debt, which we plan to sell to debt collection agencies.

When a customer trades in their device, we assess its value and use it to offset part of the outstanding balance on their credit plan. Once the device is accepted, we resell it, often at a significant markup, generating up to 2x the revenue from the initial credit sale. This trade-in strategy not only helps reduce the risk of defaults but also creates an additional revenue stream for the business, allowing us to profit from the resale of devices in good condition.

If the device is lost or damaged, the customer must report the incident and may be liable for replacing the device or paying the remaining balance. We also offer insurance options to mitigate this risk. In our co-ownership model, the customer partially owns the device, with GetMobi retaining ownership of the unpaid portion. If the device is damaged or lost, the customer is responsible for their share, while GetMobi retains control over the locked device until full payment is made.

We assess creditworthiness through a comprehensive process that includes traditional credit scoring, income verification, and payment history. Our platform uses an automated risk evaluation system, leveraging data from multiple sources to gauge repayment potential. For customers with limited credit history, we consider alternative data, such as transaction patterns or social factors. Credit assessments are conducted either through trusted third-party partners or by our own dedicated risk assessment team, ensuring a thorough and reliable evaluation. This approach helps minimize financial risk by ensuring responsible lending practices.