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Aloha Open WiFi

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Aloha, the barrier-free WiFi hotspot and data-sharing platform, where everybody wins

0%
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Funded
£300,000 target
£306,451 from 0 investors
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Business overview

Location London, United Kingdom
Social media
Website alohaopenwifi.com
Sectors Advertising & Marketing Digital Mixed B2B/B2C
Company number 11728717
Incorporation date 14 Dec 2018
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Investment summary

Type Equity
Valuation (pre-money) £7.3M
Equity offered 3.94%
UK tax relief

EIS

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Business highlights

  • Over 43.5k registered users since conception
  • Pre-agreement with a crypto exchange platform
  • Removes barriers that prevent access to the internet
  • Future revenues to be generated from advertising and partners
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Key features

  • Secondary Market
  • Nominee investment min. £10.08 +

Idea

Introduction

An innovative platform that allows smartphone users to monetise their unused mobile data whilst aiming to remove some of the barriers that prevent access to the internet.

3.5 billion smartphone users worldwide all pay to access the web. Many are unable to access the internet on a daily basis due to technical or financial constraints. Conversely, 67% of smartphone users do not consume all of their mobile phone data available to them each month.

Aloha has the solution: the Aloha Open Wi-Fi app, allowing smartphone users to share that unused data in exchange for payment. The data is shared to create a peer-to-peer free to access Wi-Fi hotspot that is freely available for everyone that needs it - no barriers - no catches.

Aloha app users are rewarded for sharing their data with the Aloha Loyalty Token, a proprietary crypto token that will be able to be exchanged for fiat currency.

Substantial accomplishments to date

• Over 43.5k registered since conception June 2018

• Commencement of app development in January 2019

• 1,000 + businesses registered interest

• November 2019 - App launched in Google Playstore

• June 2020 - Beta version of iOS app in Apple store

• Agreement in principle reached with a UK PR and marketing agency setting out our corporate advertising strategy.

• Pre-agreement with Bitmart, the crypto exchange platform.

• Beta testing of BLE handset to handset short-range communications suite

Monetisation strategy

While Aloha is currently pre-revenue, we intend to develop four primary sources of revenue:

1. Users will be able to exchange the tokens they have earned either for Bitcoin, or cash which can be transferred to an Aloha Debit card. In either case, a transaction exchange commission will be generated of which Aloha receives 50%.

2. We intend to build a feature where users will be able to spend their tokens through the Aloha Virtual Mall which provides access to a wide range of retailers. Aloha will receive an affiliate commission ranging from 5% to 30% of the total customer spend.

3. Push message advertising – brands to pay a fee to broadcast messages to selected members of the Global Aloha community.

Local advertising - local small businesses will be able to design and broadcast offers and promotions to Aloha members within the catchment area of their business.

4. Partner Affiliate commissions – affiliate programs in which our partners pay us commission for sending traffic and/or sales generated from within the Aloha App or shopping mall

Use of proceeds

Funds raised will be utilised in the following ways:

• List the Aloha Token with one or more key Crypto exchange platforms - 20%
• Expand the App development team - 15%
• Complete development of the Aloha Marketplace - 17%
• Marketing and PR 20%
• Monthly running costs 16%
• Integration of BLE beacon technology into the Aloha App - 3%
• Contingency 10%

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Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This campaign for Aloha Open WiFi has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 7 September 2020 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £7,319,147

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Republic Europe.

Pitch type

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Equity Offered

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When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Republic Europe campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

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Nominee investment

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Custodian

If you invest in this Campaign, Republic Europe will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Republic Europe will not benefit from any rights under a shareholder agreement. As a result, Republic Europe will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

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Secondary market

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Direct investment

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Payment options

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Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Republic Europe. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

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Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.

Security Token

A security token is a digital asset that represents ownership or other rights. It is a digital form of traditional investments. In the future, you may be able to trade your investment through compatible exchanges.

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