Populous World Ltd www.populous.world
Investment to date:
£86,653
3 Years
8% pa
IFISA Eligible

target amount:
£100,000
£80,000
Funded
Populous World Ltd
Populous World Ltd is a revenue generating invoice finance platform. The company is seeking £100,000 through a 1080 day (3-year) secured crowdbond. The bond will pay 8% interest per annum & is secured on £200,000 worth of Populous tokens (PPT). Interest payments are quarterly & the bond is IF-ISA allowable.
About Populous World Ltd

ABOUT US

Populous World is a UK company with registration number 10458726. The Company is the developer and owner of an invoice finance platform.

Populous World works with businesses that need external financial assistance to fund their growth or ease short-term cash flow related issues. We facilitate businesses globally, with our swift and innovative approach to business funding, allowing the invoice finance process to be less restrictive and easier for businesses to onboard. 

Our invoice finance platform is well-positioned to break down the barriers of funding and allow more companies to participate in this market place - raising finance from outstanding invoices, but on a selective basis.

Armed with a team of highly experienced technology and finance experts. Populous World is well-positioned to disrupt the invoice finance industry.

Our clients undergo a due diligence process and in-house credit limit system for us to determine the risk profile of the client. Our clients will secure the debt with a fixed and floating charge on their company's assets, director's personal guarantee and credit insurance. We also utilise in-house monitoring system for clients that are close to the repayment dates for collection.

 Populous Ecosystem

WHAT IS INVOICE FINANCE

Invoice Finance is a form of funding that instantly unlocks the cash tied up in outstanding sales invoices. Business owners allow invoice buyers to buy invoices at a discounted rate in order to unlock their cash quicker. Once invoices are paid by the invoice debtor, the invoice buyer receives the amount previously agreed upon.

Populous World takes a debenture over all invoices client(s) company assets along with directors personal guarantees and credit insurance.

Your business may face long payment cycles with your customers, or maybe your business is growing too fast and you need to collect cash quicker than customers will pay you to sustain. If this is something your business is experiencing, invoice financing could be the best funding solution for your business due to its flexibility and ability to unlock cash, fast.

 

SECURITY FOR THE BOND

The security for the crowdbond will be Populous tokens (PPT). These will be held by a third party custodian who will hold the Populous tokens to Crowd for Angels' order. The value of the initial PPT tokens will be twice the loan amount.

The PPT tokens are traded on multiple exchanges, including Binance, one of the world’s largest crypto exchanges. The current average daily traded volume of Populous tokens is c.US$2 million. The price of the PPT tokens has ranged from a high of $0.664 to $0.306 in the last 30 days (24/10/2019).

The director controls 12,261,605.1 PPT having a current face value of $5,502,746.60 at the time of preparing the pitch (16/10/2019) and has agreed to pledge the PPT on behalf of the company for the Crowd Bond. 

The agreement with the Company provides for a review of price and valuation of the PPT tokens held as collateral. The Agreement also provides for a monthly recalculation of collateral value with excessive collateral returned to borrower or borrower to add to collateral to bring LTV to 50%.

In addition, the Agreement also provides that If the PPT token price drops by 15% in any 24 hour period, we have the right to sell some of the collateral or obtain further PPT tokens. 

Furthermore, Crowd for Angels (UK) Limited will offer additional security on the crowd bond by way of guarantee from Crowd for Angels (UK) Limited to secure the outstanding capital of the crowd bond by way of guarantee.

This means if for any reason, Populous World Ltd cannot repay the crowd bond and there is a shortfall in the realisation of the security, Crowd for Angels will cover the difference owed to Investors, ensuring repayment.  

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Offer Information
Min Max
Investment Target £80,000 £100,000
Interest Rate info 8.00% 8.00%
Type of Bond Secured crowdbond
Term info 1,080 Days
Type of Repayment Interest Only
Security Information A third party custodian will hold Populous tokens (PPT) to the value of twice the loan amount. Crowd for Angels will monitor the price and valuation of collateral daily to ensure the Loan-to-Value (LTV) remains at 50%. Crowd for Angels will secure the outstanding capital of the loan by way of guarantee.
LTV ratio 50%
Minimum Investment £100
Sector FinTech
Location London, United Kingdom
Company Number 10458726
Pitch Launched On 24/10/2019
Pitch Closes On 31/01/2020
IFISA Eligible YES - This Convertible Loan Note is
eligible for inclusion in the IFISA
Accepted Payment Methods
Payment Methods
Funded

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