Calling capital from angel investors 5% equivalent to 1.5 billion

Raising capital is a regular job of startup projects, through fundraising activities, CEOs - Founders will hone skills to develop projects such as financial knowledge, solving public shortcomings about technology and customer problems.

Photo: CEO & Founder Mai Quang Thinh shares about the project

On May 29, 2021, the Young Entrepreneurs Club held a pitching session to raise capital for 03 outstanding projects, VN Check was selected out of 26 projects to present to experts and investors. Through discussions with VN Check about the market, trends, level of competition, technology... Experts have highly appreciated VN Check from different angles:

First of all, VN Check is a large, national project that will go down in the history of Vietnamese agriculture. The mandatory requirement for products related to human health is the need for Traceability. VN Check understands its role and mission when implementing this project, so it has prepared a team of experienced experts. That ensures that VN Check is completely serious, will be on the right track and promises to solve many problems from the reality of Vietnam's Agriculture.

Secondly, VN Check thoroughly solves the counterfeiting of Traceability stamps or counterfeiting of anti-counterfeit stamps that still exist. VN Check brings the preeminent advantage of managing the distribution process by channels, logistics process and optimizing the cost of printing and labeling by printing directly on the packaging. Mastering the technology and smart anti-counterfeiting system helps VN Check reduce operating and management costs while increasing the effectiveness of stamps. That cost reduction has helped consumers and brands enjoy high-tech products at reasonable prices.

Third, VN Check new goal is not just to build a technology platform currently in service life of the people but also towards a platform large data (Big Data) to cater for all citizens who can access to reliable, low-cost information.

At the end of the presentation, VN Check received a total of 12 questions and 03 proposals for future cooperation. It is an honor and also demonstrates the value of VN Check when presented to experts and investors.

With a mobilization level of 5% of the project's shares (will be converted into company shares when the VN Check project reaches 100 billion) for this capital raising is equivalent to 1,500,000,000 VND (one billion five hundred million VND). Previously in December 2020, after receiving the investment of Mr. Nguyen Dinh Thang, VN Check was valued at VND 20,000,000,000 VND (twenty billion VND). In this fundraising, VN Check wishes to receive investors with deep expertise in the fields of marketing and finance to accompany the project. At the same time, VN Check is committed to refunding investors on December 25, 2025 if the project does not complete the KPI (total project value reaches 100 billion) with an interest rate of 100%/05 years.

 

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