We use cookies to improve your experience on this site. By viewing our pages, you give us consent to use cookies. Find out more.

Technology

NewPath

Status: Expired

Jun 27th 2019 - Jun 30th 2020

NewPath is a revolutionary company that is focused on increasing access to smartphones by allowing customers to lease devices instead of having to buy them at full cost upfront. One of their innovations is that they will reduce the smartphone device functionality if leasing payments are missed, giving people with lower credits access to smartphones for the first time. The company is focused on emerging markets, currently live in Kenya, and is working with distribution partners that include telecoms operators, microfinance companies, leasing companies, and handset distributors. NewPath also has an investor base that includes board members of emerging telecoms operating companies with a reach of 1.2 billion people. Their current sales pipeline of partners has reached over 1 billion customers.

read more read less

NewPath Rating Review

Rated on 16/04/2020

Pitch Rated

34%

Insufficient Data

Management

61%

Product

41%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

Pitch rating powered by CROWDRATING

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
Click here for more information on our ratings
Login to view the full report

Management 61%

Skills 64%
The management team members are highly skilled and hold expertise in their functional areas. The CEO has previously managed a business at a start-up level in the telecom industry previously. The CTO has software and application development skills and has worked with several telecom companies. He is proficient in Crypto-currency, Agile Development, Mobile Apps, Payments and Mobile Advertising. The Commercial Director's functional expertise lies in marketing, business development, account management, partnerships, customer proposition improvement, customer management, and operations. Currently, the company has not appointed a dedicated Finance Head.

0 comments

Log in to comment


Funding progress



More from Technology

Intellibonds is an AI/Human collaborative investment platform for fixed income institutional investors. The platform analyses the users' objectives and renders intuitive financial analytical data for the user to make the correct investment decision with the click of a button. The modular AI-enabled assistants (virtual workforce) support workflow and augment decision-making of credit analysts, portfolio managers and traders (in development). In 2019, IntelliBonds joined Fintech Sandbox accelerator and Microsoft programme for startups. In 2020, the company made data partnerships with Refinitiv, S&P Global Ratings and BondRadar, as well as, formed a strategic partnership with University College London (UCL). The company will launch two modules; a Virtual Credit Assist (VCA) and Virtual Portfolio Assist (VPA) to further simplify the process of financial investments. It will use £225,000 of the investment for product development, £50,000 for distribution channels, and £25,000 for patents, trademarks and other legal/advisory fees.
pledged: 101% days to go: 39 investment: £301,750
KegTracker is a company that has launched an innovative Internet of Things (IoT) enabled device that turns kegs into smart containers. The device tracks real-time location, volume, temperature and motion for each keg in order to create reports & insights that enable a sustainable supply chain. The company asserts that a lack of transparency in managing kegs has led to annual industry losses of £1.4 billion+ in theft and spoilage, £1 billion+ in poor distribution, and £500 million+ in suboptimal production and lost containers. KegTracker argues that its device can reduce these losses significantly. The company has developed a working prototype, filed a patent and received letters of interest from leading UK breweries, coffee roasters and Wales National Health Service (NHS). In 2019, the company featured in Startups Magazine and were finalists at FutureFood Awards, London & Partners BGP, and Pitch@Palace. It will use the investment to bring its product to more markets.
pledged: 146% days to go: 28 investment: £145,615
Good Club is an online grocer that aims to sell sustainable household food and products across the UK. The company's sales have grown from £18,000 to £234,000 in May 2020. The potential demand for sustainable food and products is £61 billion in the UK, and the company finds itself as a strong contender in this domain. COVID-19 has led to an increased interest in home-delivered grocery products amongst consumers. Good Club responded to this by opening its first distribution hub in North London. It has also carried out a 'Life Cycle Analysis' of its proposed process and prototype packaging to ensure that its sustainable and eco-friendly. The investment raised will help the company grow its revenues, establish scalable marketing foundations for future growth, and roll out 'Closed Loop' service to strengthen customer loyalty.
pledged: 114% days to go: 22 investment: £681,461
Mass Financial is a next-generation banking system that helps in creating a personalised account via a smartphone or any other device. The company's app allows users to treat assets equally such as fiat currency, precious metals, and investment assets, monitor spending and create budgeting patterns, transfer money instantly, and avail cashback offers. All of these features, the company proclaims, are backed by blockchain technology for optimum security. Mass Financial has passed a pre-application for an EMI (Electronic Money Institution) license and received rave reviews at the 2019 Web Summit in Lisbon, Portugal. The company will use 50% of the investment received to deposit the required capital reserves in the Central Bank of Lithuania for the EMI license approval, 30% for setting up integrations with MasterCard, SEPA and S.W.I.F.T. SCRL systems, and 20% for hiring human resources.
pledged: 78% days to go: 21 investment: £233,744
SMARTR Health Limited, also called Celsium, is a medical technology company. It has developed the world’s first medical-grade device that continuously measures core temperature, both accurately and non-invasively, through a combination of a wearable sensor and a smart platform. Intended for use in the formal healthcare sector, as well as at home, it has been classified as a CE Class 2A medical device in the EU and as an FDA 510K medical device in the US. In a clinical study, conducted in collaboration with Boston Children’s Hospital and Cleveland Clinic, the company's product showed promising results 10-20 times more accurate than current devices. Celsium has experienced a surge in demand due to Covid-19, where fever is a key symptom. This, the company argues, is a perfect time to accelerate its business plan.
pledged: 0% days to go: TBC investment: Withheld

  • £70,001
    pledged
  • 4%
    of goal

    £1,700,000
    target

    £15,170,960
    pre-money valuation

    2
    investors

    £35,001
    pledge per investor

    08824609
    company number

    Active
    company status

    23/12/2013
    incorporated 7 years

    Funding rounds
    27 Jun 19 Envestors £70,001 / 4% 34.00%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph