Jocom MShopping

Jocom MShopping Sdn Bhd is a fast-growing M-Commerce platform specialized in online groceries and shopping.

'1st Malaysian Online Grocer App and deliver within 24 hours to your doorstep! Jocom is a platform for SMEs to participate in listing their products to the mass market online which will then be available to the public via smart devices.'

'We grew from RM10 sales to now more than RM10millions sales in 5 years.'

This is Jocom MShopping Sdn Bhd's 28th financing round with Alixco P2P Financing.

This investment note is secured by four personal guarantees, as required by ALIXCO P2P Financing.

The funds will be used for working capital and to purchase goods.

'We grew from RM10 sales to now more than RM10millions sales in 5 years.'

'Jocom MShopping Sdn Bhd  is M-Commerce platform specialized in online groceries and shopping. Jocom revolutionized the way you buy groceries and shopping online via your smart phone. The tagline, 'Just Order Conveniently On Mobile', was formed to specifically highlight our mission; it provides a total integrated solution that protects both the consumers and the vendors. Jocom wants to give a new convenient way to assist traditional business by providing the platform of latest technology connecting rural farmers, traders and vendors with aluent consumers via e-commerce. It's a new gateway of doing business conveniently on app, promote merchants through product listing on JOCOM app. Flexible price system and with no additional cost! 1st Malaysian Online Grocer App and deliver within 24 hours to your doorstep! Jocom is a platform for SMEs to participate in listing their products to the mass market online which will then be available to the public via smart devices. The tagline, ‘Just Order Conveniently On Mobile’, was formed to specifially highlight our mission supported by our own payment gateway, it provides a total integrated solution that protects both the consumers and vendors.'

Funding amount
RM 250,000.00 for 4 months.
15,48 % interest (nominal, p.a.)

Business type
Grocery Delivery

Location
UNIT 9-1, LEVEL 9, TOWER 3 AVENUE 3, BANGSAR SOUTH 8 JALAN KERINCHI 59200 KUALA LUMPUR

Number of outlets
Seven

Number of directors
Two

Personal guarantees
Four

Year of incorporation
2014

Number of employees
100


Important COVID-19 info / risk info:

The recent COVID-19 crisis and the MCO increase the riskiness of any P2P financing. Due to the severity and uncertainty of this situation, the risk of late payments and/or loss of capital for P2P financings increases. Companies might suffer from loss of business and revenue during this time, which will affect their profitability and repayment ability.

Important risk info: 

The risk score of CA (‘High risk’) was determined by a blend of our internal risk-based pricing algorithm, an external risk score from a leading credit rating agency and a variety of qualitative factors. It is an approximation only and does not guarantee any specific outcome. Our risk score ranges from A(‘lower risk’), B(‘medium risk’), C(‘medium-high risk’) to D(‘high risk’).

Risk score of CA (‘higher risk’)  indicates that this investment amount has an elevated-high level of risk. Jocom MShopping Sdn Bhd's business is marked by thin margins and fluctuating revenues and income. 'In 2019 - GMV is RM18m-GP RM1.8m++ (nett is RM8m) 2020-GMV is RM22m (RM10m)-GP RM2m++.'

Important additional risk notice: 

This is JocomMShopping Sdn Bhd's 28th financing round with Alixco P2P Financing. Jocom MShopping Sdn Bhd has fully repaid 20 financing rounds and still has 7 ongoing P2P financing rounds with Alixco P2P Financing with  tenures of 2 months, 4 months and 6 months and a total outstanding financing volume of  approx. RM 2 million.

Investor Fees.
Alixco charges 0.65% for investors on repayments (for 4 months investment notes) only if and when repayment occurs.

Jocom MShopping Sdn Bhd sells its products over various online and offline channels. 

Lazada(2018-2021) , Shopee (2018-2021), JOCOM app(2015-2021) , 11street (2016-2018) , Qoo10 (2017-2019) , AstroGoShop (201-2019), EshopLive (2020-2021)