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Income Company

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Income is re-imagining investing in loans. Investing in loans can be safer and effortless.

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Funded 21 Feb 2022
€750,004 target
€844,019 from 0 investors
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Business overview

Location Tallinn, Estonia
Social media
Website getincome.com/
Sectors Finance & Payments Digital Mixed B2B/B2C
Company number 16014116
Incorporation date 22 Jul 2020
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Investment summary

Type Equity
Valuation (pre-money) €8.7M
Equity offered 7.94%
Tax relief N/A
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Business highlights

  • €3.7 million invested by investors
  • over 1,000 approved investors
  • 3-10% w-o-w growth of investors (Aug-Nov 2021)
  • 4 loan originators listed on the platform, 100+ in the pipeline
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Key features

  • Secondary Market
  • Nominee investment min. €15.66 +

Idea

Introduction

Income is an alternative investment platform and mobile app that enables investors to invest in loans from around the world. We cooperate with select loan companies that list their loans on the platform for our investors to invest in. We are democratizing investing in alternative assets by a novel use of technology, and by implementing security features mainly used by institutional investors. We believe that the safety of investments is the key to exponential growth and the mass adoption of loans as the leading alternative asset class.

Substantial accomplishments to date

One of the only platforms in the European market offering loans globally for investment with security structures similar to institutional investors.

● A reputable investor leading our funding round - Tolaram.
● Over €3,7 million invested through the platform
● 69K YTD revenue, 6K monthly recurring revenue*. Over 1000 registered investors
● 3-10% growth in investors week-on-week (Aug-Nov 2021)
● 4 non-bank lenders listing assets on the platform, 19 in due diligence. Strong pipeline growth of loan companies.
● Focus on loans as on of the leading asset class in the alternative asset space.
● A CEO with experience in Fintech and investments.
● We are monitoring the licencing process and are ready to apply one if needed.
● Raised €1 million pre-seed to develop the product and hire the team.
● Successful launch of the desktop platform completed in February, and mobile app in September
● Ready for strong growth.

*Based on unaudited management accounts

Monetisation strategy

Income runs a platform business model. It creates value by facilitating transactions between retail investors, institutional investors, and loan originators. The larger the number of market participants, the larger the value of the platform to all participants, in the form of added liquidity and selection of assets. Income charges a 2-4% fee p.a. from the loan companies on the amount of outstanding investments.

In the future additional monetisation can be achieved by offering additional security features such as insurance, charging additional fees for servicing institutional investors, and through quick exit fees on the platform.

Use of proceeds

The money raised in the current round will be used to strengthen the team, enhance the product, and to support the onboarding of more investors and loan originators.

On the product side, we have exciting plans, from launching a secondary market for our loans, to further simplifying the mobile app as per our identified key principles.

We have already accomplished so much, but are still only at the start of our journey. We look forward to having you as an investor in the future of alternative asset investing and in transforming the experience of investing in loans for good.

Key Information

Outstanding debt

The company has an outstanding shareholder loan of EUR 60,000, with an interest rate of 3% per anum over a 2 year period. The funds raised will not be used to repay this loan.

The company has an outstanding creditor for IT development in the amount of EUR 200,000. This is to be repaid from funds raised.

Company share structure

The share structure of Income OÜ is different to companies you would normally see on Seedrs. Under Estonian law, each Shareholder in an OÜ entity (private company) only legally holds one share, with the nominal value of each share equating to the percentage of equity held by such shareholder in the company. As such, investors in this campaign will receive units of nominal share value which correspond to their respective investment amounts.

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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 webpage has been approved as a financial promotion by Seedrs Limited (trading as Republic Europe) ("Republic Europe"), which is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Republic Europe platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Republic Europe platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

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 €8,699,999

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 Seedrs.

Pitch type

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Seedrs

Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

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 Seedrs 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).

Learn more about investing and pre-emption rights.

Nominee investment

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Nominee investment.

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Custodian

If you invest in this Campaign, Seedrs 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 Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs 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.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

This is an option to invest and hold shares 'directly' in the company (rather than via the Nominee investment). This option is only available to those investing over the threshold amount, which is determined by the fundraising company.

If you choose to hold your shares directly, you will be responsible for any contractual or administrative arrangements with the company you are investing in.

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Payment options

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

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 Seedrs. 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.

Learn more here

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.

Warning

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None of the information in constitutes part of the campaign and it has not been approved or reviewed by Seedrs.

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