What the business is about?
Mobile2Go Sdn. Bhd. sells a full range of smartphones & tablets, primarily over its online distribution channels. The company was named a ‘Number 1 seller on Lazada‘ for the years 2017 & 2018. Mobile2Go Sdn. Bhd. expanded to 6 outlets within 2 years and the 7th outlet will be at Seremban, commencing operations at the end of April.
This is Mobile2Go Sdn. Bhd.'s 34th financing round with Alixco P2P Financing.
This investment note is secured by three personal guarantees, as required by ALIXCO P2P Financing.
For what will you use the funds?
This note will be primarily used for refinancing purposes of the previous p2p financings with Alixco.
The funds will also be used for working capital and to order mobile phones (and related products e.g. tablets, accessories, smartwatches) in bulk for quantity discounts. The mobile phones will then be sold via our distribution channels.
Important info:
Please note that refinancing notes have a higher risk, since they will be used primarily to pay off old debt/p2p financings in order to stretch repayments over a longer tenure. Please note that the COVID-19 crisis increases the riskiness of P2P financing and increases the risk of late payments and loss of capital.
Investment Facts
Go Live Date:
03/09/2020
Industry:
Retail/Trade
Finance Size:
RM
300000
Tenure:
3 Month
Risk-Score
CA
Rate
15.2
% per annum