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Moxly

Mobile App Builder No-Code and Low-Code Solution

USA, Texas
Market: Internet and IT
Stage of the project: Operating business

Date of last change: 02.11.2022
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Idea

Moxly is an online app builder that lets users easily build native cross platform applications.
Building and iterating on cross-platform mobile apps today is expensive and slow, but with Moxly teams and individuals can use the intuitive interface and higher level abstractions to build apps 10x faster.

Current Status

Moxly has been launched and is already in the hands of the first paying users.
Our growth is now increasing from 8% per week and almost completely organic, since the launch at the end of June 2022 we already have over 1000 registered users and exceeded $2,000 in August revenue.

We have gone through the initial stages of packaging (product market fit, early adopters, first own sales, reviews, AppSumo and Product Hunt)

Market

Moxly is designed for freelance web designers, marketers, programmers and
entrepreneurs aged 18-35 to help them save time and money when developing
mobile apps.

TAM $72 Billion - in total, about 200 million companies are registered in the
world, we multiply them by our average monthly check of $ 30
and multiply by 12 months
SAM $5 Billion - 14 million active clients in our region, taking into account
the entry into the market of Central Asia and the USA
SOM $136 Million - Likely conversion rate for customers: 6%, Prediction: 45%
of the conversion rate will go towards paying for a subscription.

Problem or Opportunity

Building native mobile apps today is really hard...
Costs - Simple and medium-sized mobile app can cost $40-$120K per year
Complexity - The waiting time is from 3 to 6 months. It's a very long time
Overhead - Multiple team stakeholders. Ongoing app upkeep and maintenance

Solution (product or service)

Moxly is a drag-and-drop programming tool that makes it easy to create powerful mobile apps faster.
Organizations can save tens of thousands of dollars through faster, lower cost development

Competitors

Services such as ADALO, BUBBLE, GLIDE (invested by venture funds) have already proven themselves in the market and the demand for the service is constantly growing.

Advantages or differentiators

Unlike other platforms, Moxly provides all the tools in one window: No-Code & Low-Code + Open Source Code.
This is how Moxly solves important problems that competitors do not have: the ability to expand the service in the absence of ready-made components, full control over users' personal data by hosting the platform on their own servers

Business model

SAAS (subscriptions) - from $25 month
CMS (License) - from $ 1400 per year

Money will be spent on

1. Marketing 40%
2. Hiring staff 45%
3. General operating capital 10%
4. Research and development 5%

Offer for investor

For investors, we offer a SAFE entrance with a company valuation
at $5 million
Minimum investment check from $100,000 (if you invest $200,000 or
more, we offer 20% discount)

Team or Management

Risks

When a company develops or implements innovations, no one can guarantee that it will succeed. Do not spend money on innovation just because it is fashionable, remember - progress requires careful analysis and planning.

Incubation/Acceleration programs accomplishment

Founder Institute Asia 22

Photos

Photo 1 - Mobile App Builder No-Code and Low-Code Solution

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation