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Technology

Aloha Open WiFi

Status: Extended

Oct 12th 2020 - Jan 8th 2021

Aloha is a barrier-free WiFi hotspot and data-sharing platform. The company estimates that 3.5 billion smartphone users worldwide pay to access the web with many unable to access the internet daily 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 aims to change this scenario. It enables users to get paid for sharing unused data and be rewarded with 'Aloha Tokens' that can be exchanged for cash, bitcoins and exclusive offers from Aloha's partner companies. Business users and advertisers can use the advertising tools in the Aloha application and broadcast offers and promotions directly to a targeted audience within the Aloha community. The company will use 20% of the investment to list the Aloha Token with one or more key Crypto exchange platforms, 15% to expand the application development team, 17% to complete development of the Aloha Marketplace, 20% for marketing and PR, 16% for running monthly costs, 3% for Aloha app upgradation, and 10% as contingency funds.

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Aloha Open WiFi Rating Review

Pitch rating powered by CROWDRATING

Rated on 16/10/2020

Pitch Rated

76%

overall

Management

80%

Product

84%

Investment

64%

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    Log in to view target

    £7,314,213
    pre-money valuation

    3.94%
    equity available

    209
    investors

    £1,472
    pledge per investor

    11728717
    company number

    Active
    company status

    14/12/2018
    incorporated 5 years

    Previous Funding rounds
    29 Mar 24 Seedrs £307,707 / 103% 76.00%

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

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 80%

Skills 82%
Aloha Open WiFi is managed by a diverse and qualified team that includes a CEO, a CTO, Senior App Developer, Marketing Coordinator, and a CFO specialising in entrepreneurship and technology. The CEO is competent in Business Strategy, Multichannel Marketing, Digital Marketing and Account Management. The CTO is proficient in Telecommunications, Databases, Software Development, Customer Relationship Management (CRM), CRM Databases and CRM Integration. The Senior Software Developer is skilled in Virtual Reality (VR), Computer Science, iOS, Android Development, Objective-C, C#, Java, .NET Framework and Visual Studio. The COO is skilled in Entrepreneurship, Blockchain, Product Management, Digital Marketing, and Copywriting. The Marketing Coordinator skills include Social Media Marketing, Advertising, Lead Generation, Event Management, New Business Development and Hospitality Management. The CFO is competent in Due Diligence, Mergers and Acquisitions, Corporate Finance, Business Strategy and Restructuring.

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Funding progress

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Pitch Rated

77%

Overall

rating powered by

CROWD RATING™

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Log in to view amount pledged

    Log in to view target

    £7,314,213
    pre-money valuation

    3.94%
    equity available

    209
    investors

    £1,472
    pledge per investor

    11728717
    company number

    Active
    company status

    14/12/2018
    incorporated 5 years

    Previous Funding rounds
    29 Mar 24 Seedrs £307,707 / 103% 76.00%
  • 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