| Current Status | Pre-Revenue |
| Amount Invested | RM10,000 |
| Funding Required | RM300,000 |
| Description |
Prepay is an online web platform which acts as an intermediary for 2 parties (Buyer & Seller) and regulates the transaction to make sure both parties fulfill the deal condition.
1. Automate Buyer payment confirmation & courier delivery arrangement for Seller. 2. Able to prevent online fraud during the transaction process. 3. Acknowledged by Bank Negara Malaysia. |
| Business Opportunity |
1. Online fraud & scam is happening almost everyday in Malaysia.
2. Existing solution to prevent online fraud deemed ineffective & inefficient. Online scams recorded losses : RM266m (2017) , RM398m (2018) Total Market Users : 21,800,000 Online (C2C) Marketplace : 7,500,000 (Mudah.my as benchmark) Online Gaming : 14,300,000 (Researched by Newzoo) |
| Revenue / Business Model |
1. Payment Channel (Fee per transaction):
-Cash Deposit = rm4 – 1.3% -Online Banking = rm3.5 – 1.3% -Debit Card = 3.7% 2. Courier Arrangement (Fee per arrangement): RM1.50 or 15% (whichever higher) from total courier cost. |
| Management Team |
Nik Mohd Azri Azaha – CEO
-3 years experience in logistics. -Develop & operate online private game server at 16 y/o. -Bachelor degree in Operation Management. Muhammad Hariz Mohd Khalil – COO -4 years diverse experience in trading and construction. -Bachelor degree in Operation Management. Nguyen Loi – CTO -9 years experience in web development. -Full-stack developer. -Bachelor degree in Information Technology. |
| Company Background |
Incorporated : 20/12/2018
Funding: Bootstrap for MVP development & legal registration – RM10,000 |
| Funding Milestone |
Administration RM9,000
Marketing RM75,800 Payroll RM91,000 Operation RM79,841 Development RM26,859 Professional Fees RM8,000 Total Required: RM290,500 |
| % Equity Allocation | 20 |
| Expected ROI | 20% – 35%/year |
| Risks and Mitigation |
We consider secure payment sector as “moderate risk high return” investment where the business model itself is a proven business model in many other countries (US, China, Indonesia & others).
We also consider ourselves as a pioneer in Malaysia for this market where we are focusing on P2P/C2C marketplace instead of B2b/B2C like many other international competitor. Finally, the growth of Malaysia p2p e-commerce & online gaming will definitely increase the odds where it will directly increase the total potential market for this platform. |
| Exit Strategies |
Period : 5years & above
Strategy: -IPO -Company Acquisition |
| Company Name | ASIA PREPAY SDN BHD |
| Website/Facebook | https://www.prepay2u.com |
| Business Address | LOT 37 JALAN PAUH PUNGGAH KAMPUNG MALAYSIA RAYA 57100 SUNGAI BESI W.P. KUALA LUMPUR MALAYSIA |
| Contact Person | NIK MOHD AZRI AZAHA |
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