August 13, 2019 - No Comments!

We’re crowdfunding!

A huge announcement today from Paperclip HQ...

We are entering what promises to be the most exciting phase in the history of Paperclip right now. Over the next six months, the team at Paperclip HQ will be implementing our long-awaited payment gateway, releasing completely re-written, updated Android and iPhone apps, and growing our community marketplace client base from 24 to over 60!

To fund this mission, we’ve opened a new investment round, which has so far resulted in over thirty new investors joining us, ranging from doctors and fund managers to the co-founder and former CEO of Just-Eat, David Buttress. They join an extraordinary group of investors including Go Compare founder Hayley Parsons and ex-CFO of the Financial Times, John Davis.

Not only this, but as of today, we are launching a public crowdfunding campaign on Seedrs – this will allow us onboard anyone who has ever wanted to invest in us, from as little as £12!

This may be old news to our existing users and readers of MyDreamality, who were provided both with a private link to the campaign last week. We may have already hit 65% of our target, but there is still and long way to go and plenty of time to invest in the UK's leading marketplace provider.

But why should you invest in Paperclip?
  • Record month-on-month sales: our plan to onboard as many communities as possible is well underway. July saw a large uptick in sales, with new schools, universities and other communities onboarded – the figures will continue to rise now inline with our increasingly aggressive sales campaigns.
  • Open consumer marketplace is about to take off: June saw record numbers of organic users and items added to our open consumer marketplace. After our payment gateway goes live in Autumn, we expect every month to be a record-breaking month, as Paperclip will start to transition from a community marketplace provider to a nationwide buying and selling platform. As you can imagine, adding the ability for buyers and sellers to transact electronically removes several barriers to usage – instead of buying an iPhone off someone round the corner, you’ll now be able to purchase it from someone in another city entirely. When combined with more stable Android and iPhone access, an upgraded marketing budget, and some savvy growth hacks, we thoroughly expect the open marketplace to start making waves.
invest, Seedrs, Paperclip
Paperclip founders Alan & Rich (centre) with existing investors Hayley Parsons (left) & Sarah Smith from the Development Bank of Wales (right)
  • Exciting product enhancements in the next three months: the next few months will see us add a powerful new payment gateway, which will effectively enable us to start competing with the likes of Shpock and Depop on a national scale. Our open consumer marketplace hasn’t got as much love as our community marketplaces over the past year, mainly because we have been completely rewriting and updating our Android and iPhone apps. All of this hard work is about to culminate with new product releases in August and October. We expect to see organic downloads and usage of our open marketplace start to steadily increase as of October!
  • An all-star team, positioned to scale: with a shiny new office in Cardiff city center and a talented team across all facets of product development, marketing and sales. We have an award-winning product designer (Steve), along with an experienced team comprising of several first-class graduates and a PhD; combined, this team has more than enough ability to execute our plan.

Be part of something special. Head to our Seedrs page today for more information.

Published by: Paperclip HQ in News

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