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Status: Active

Sep 17th 2020 - Feb 2nd 2021

14 days left

Cocoon Card Limited (Cocoon) is a financial technology company that helps businesses grow by helping them understand which customers they should provide 0% interest payment terms too, 0% interest instalments means a consumer can buy something today and pay for it in the future. It also helps them collect and manage these payments. The company's software has two components, that is, Risk Management Module (RMM) and Instalment Collection Module (ICM). RMM assesses if a potential customer can pay in instalments while ICM prepares a collection plan if the customer is deemed creditworthy. Cocoon asserts that its product removes the need for third-party lenders and allows businesses to serve the UK's ~14 million 'thin-file' consumers that are rejected from mainstream 0% interest finance. The company has envisioned an investment target of £150,000 and anticipates an exit in 3-5 years by either a trade sale or Private Equity (PE) buyout.

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Cocoon Card Limited Rating Review

Rated on 24/09/2020

Pitch Rated

82%

Gold

Management

72%

Product

82%

Investment

91%

Pitch rating powered by CROWDRATING

  • £70,000
    pledged
  • 53%
    of goal

    £130,000
    target

    £1,145,510
    pre-money valuation

    10.19%
    equity available

    1
    investors

    £70,000
    pledge per investor

    11758240
    company number

    Active
    company status

    09/01/2019
    incorporated 2 years

    £0.50
    share price

    Previous Funding rounds
    17 Sep 20 Angels Den £70,000 / 54% 81.67%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating
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Management 72%

Skills 64%
Cocoon Card Limited's management team though relatively small, consisting of just two members (CEO and CTO), has got complementary skills in the core team with diverse backgrounds and global experiences. The CEO is skilled in strategy, operations, product development, and managing teams to deliver business transformation projects across several industries. The CTO has expertise in developing complex technology systems and scaling businesses. He is skilled in PHP 5, PHP 7, MySQL, AWS API Gateway, Lambda, DynamoDB, CodeDeploy, Laravel, Lumen, Linux, LAMP, Git, Jenkins, Jira, OAuth, HTML, and JavaScript. Also, the company's accounts and finance is managed by its VC investor. They provide them with accountancy support with monthly management accounts and VAT returns. They plan to hire a dedicated full-time CMO and finance head in 2021 when they established themselves in the market successfully.

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  • £70,000
    pledged
  • 53%
    of goal

    £130,000
    target

    £1,145,510
    pre-money valuation

    10.19%
    equity available

    1
    investors

    £70,000
    pledge per investor

    11758240
    company number

    Active
    company status

    09/01/2019
    incorporated 2 years

    £0.50
    share price

    Previous Funding rounds
    17 Sep 20 Angels Den £70,000 / 54% 81.67%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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