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Stamp Free

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Award-winning, AI platform enables sending parcels and online returns with no need for labels or stamps.

217%
 - 
Funded 28 Oct 2023
£500,024 target
£1,092,424 from 611 investors
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Business overview

Location Newbridge, United Kingdom
Social media
Website stampfree.co.uk/
Sectors Data & Analytics Mixed Digital/Non-Digital Mixed B2B/B2C
Company number SC608907
Incorporation date 24 Sep 2018
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Investment summary

Type Equity
Valuation (pre-money) £7.1M
Equity offered 13.35%
Tax relief

EIS

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Business highlights

  • Won multiple global & UK tech innovation awards
  • AI products developed, tested & market ready
  • Contracts in place with partners on 3 continents
  • Overwhelming interest from posts & consumers
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Key features

  • Secondary Market
  • Nominee investment min. £35.42 +
  • Direct investment min. £25,000.00 +

Idea

Introduction

Stamp Free allows customers to send parcels, online returns, & letters without the need for any labels or stamps, securely and easily with just a phone; via our app, a carrier app or, even more simply, via WhatsApp.

You simply select & pay for shipping in the app (or log a return), receive a Stamp Free 8 digit code & write the code on the parcel/letter. You then take a photo of the item & our AI validates the code before the item is shipped; secure, sustainable and convenient!

The technology can be accessed via the Stamp Free app, via a postal app or directly via WhatsApp through our AppFree™ platform which can be accessed by WhatsApp's 2.7bn userbase.

160bn parcels are shipped globally per annum needing 160bn shipping labels. As Stamp Free is label free we also benefit the environment.

Finding the right stamp or printing off a parcel label is a pain. Queuing at the Post Office is a pain. Stamp Free tech makes shipping convenient, is good for the planet & posts/consumers love it.

Substantial accomplishments to date

Stamp Free is making noise in the industry. We have won 2 global postal technology awards voted for by Postal CEOs. We won the PWC UK Technology Innovation of the Year Award in 2022 making our solution one of the most innovative technology products in the UK. We have also made the final for multiple global & UK technology/environmental innovation awards.

Our largest investor is a Silicon Valley VC headed up by Dr. Ronjon Nag who is a global AI pioneer having sold companies to Apple, Motorola & RIM (behind Blackberry).

Our Board & Management Team is made up of Board-level directors from across the global postal & technology industry.

From independent market research of 500 people, 93% of people would rather use the Stamp Free solution in place of their existing shipping solution.

We have signed heads of terms with partners across North America, Europe and Africa.

The Stamp Free solution is market ready & includes the following products:

o Consumer app: Label Free outbound shipping & online returns of parcels using a phone & Stamp Free code

o Carrier app x 2: enables posts/carriers to scan/validate Stamp Free coded items through their network to delivery but also to put a parcel label on a Stamp Free coded item when they receive it if required

o AppFree: the ability for users to ship parcels & returns just by using WhatsApp, no need to download a postal/carrier app.

Monetisation strategy

Stamp Free will look to generate revenue in the following ways:

1. Implementation and transaction (per parcel / per letter) fees: set-up and ongoing fees paid by postal carriers.

2. Licence fee income: paying for exclusive rights to utilise Stamp Free patent protected technology in specific markets and jurisdictions.

Use of proceeds

Investment of funds raised based on forecast cost base over the next 12 months:

Product Development & Implementation - 43%
Sales & Marketing - 25%
Operations - 27%
Legal & Professional - 5%

Whilst we are continuing to invest in the development of our technology, our focus is on gaining traction: sales and marketing efforts to win customers, supported by implementation and operations to deliver world-class service.

Key Information

Material Debt:

The company has the following outstanding loans:

1. £42,000.00 loan from Barclays BBL at an interest rate of 2.5% per annum. During the initial 12 months, the UK Government covered the interest, after which StampFree is obligated to make monthly capital repayments of £700.00, along with decreasing monthly interest payments. The loan is to be repaid on November 2026.

2. £8,000.00 loan from Barclays BBL at an interest rate of 2.5% per annum. During the initial 12 months, the UK Government covered the interest, after which StampFree is obligated to make monthly capital repayments of £133.00, along with decreasing monthly interest payments. The loan is to be repaid on November 2026.

The funds raised from this investment round will not be used to repay these loans.

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If you successfully purchase a share lot of this business, you will be granted access.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

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.

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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 £7,059,525

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

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Equity Offered

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Custodian

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Secondary market

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Direct investment

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Payment options

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Business Involvement

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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

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Security Token

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