Photo - Flynk
57137

Flynk

Satellite solution

Malaysia
Market: Internet and IT, Telecommunications
Stage of the project: Operating business

Date of last change: 29.04.2022
Min amount of loan
$  10.000
Estimated yield
18 % a year
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0
Total required
$ 150.000
Rating
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Idea

Providing connectivity for areas where telco network unavailable

Current Status

Having SLA & Purchase order from client. Price agreement for 2 years with extention.

Market

Government

Problem or Opportunity

Require funding to purchase the hardware units and working capital as we have a high volume order. The client is a local government. The solution to be used for rural areas, marine on vessels and government vehicles.

Competitors

No competitor in the region as yet

Advantages or differentiators

Providing connectivity for government operations on the areas where telco connectivity unavailable, improve rural communities, provide education via online to rural schools.

Finance

Hardware/ Antennas/Terminal : 15%
Network: 40%
After Sales and Service: 30%

Loan terms

36 months

Interest rate, %

18

Business model

In-house and after sales support for government

Solution (product or service)

Providing connectivity to the areas where telco connectivity unavailable. Realtime feedback from ground personnel to operational offices.

Team or Management

Risks

Satellite connectivity during bad weather
After sales support on high priority respond time of urgency as we have only 1 team.

Incubation/Acceleration programs accomplishment

Never participate any acceleration program
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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Team or Management
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video