What the business is about?
For what will you use the funds?
The funds will be primarily used to purchase stock for the upcoming Lazada birthday sales on the 27th of March.
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.
The funds will also be used for refinancing purposes of the previous p2p financings with Alixco.
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.
