Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
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31 investors
First Tranche
Shares will be sold at a 20 % discount
$0 share value remaining
$0.8 Price/Share
Second Tranche
Shares will be sold at a 10 % discount
$0.9 Price/Share
Third Tranche
Shares will be sold at a 0 % discount
$1 Price/Share
Fourth Tranche
- share value remaining
At the moment, we are the ONLY social mobile app for used cars both regionally and globally. Our targeted customers are well-defined (used-car dealers) so reaching them is going to be easy and at a low cost compared to other online and mobile apps that target a less defined customers base. Our plan ... see more.
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At the moment, we are the ONLY social mobile app for used cars both regionally and globally. Our targeted customers are well-defined (used-car dealers) so reaching them is going to be easy and at a low cost compared to other online and mobile apps that target a less defined customers base. Our plan is to sign on 20 paying customers (dealerships) by the end of 2014. We aim to expand geographically to four countries over the next three to four years: Proposed Countries: KSA, Jordan, Turkey and Egypt
The market is littered with loud and ineffective second hand car services. There is no centralized online location for someone interested in buying a car to go to, and the hassles of the offline market make it an unpleasant experience. For those of us who aren’t car salesman and don’t want the inconvenience of touring car dealerships, Cary! is the solution you’ve been waiting for. Cary! is a hassle free approach to auto trading, done through the convenience of your mobile.
Cary! is the world’s first social auto trading mobile app. Its also an innovative smart platform for buying or selling automobiles worldwide. It is an end-to-end application. It eases and simplifies the secondhand car buying process from searching to purchasing the cars anytime and anywhere in the world. Finally, Cary! is a platform that provides for the needs of both of both Car Dealers (B2B) as well as those looking to buy secondhand cars (B2C).
What We’ve Achieved So Far (January 2014): Number of downloads Android + IOS = 10,000 Number of registered users = 600 Number of cars listed = 200
Cary! Is the world’s first social media mobile app to sell and buy cars in two easy steps: 1) your car can be listed on Cary!, or 2) you can browse through our listing for your dream car.
Cary! is the world’s first social auto trading mobile app An innovative smart platform for buying or selling automobiles worldwide. Cary! is an end-to-end application that eases and simplifies the secondhand car buying process from searching to purchasing the cars anytime and anywhere in the world. Cary! is a platform that provides for the needs of both of both car dealers (B2B) as well as those looking to buy secondhand cars (B2C).
To hire a sales team To hire full time developers and programmers To further develop the app to a new advanced version To grow regionally
The following is how we envision the Cary! Exit Strategy (in order of likelihood): Merging with larger global online auto-trading platform Company buying back the shares Acquisition by venture capital fund Acquisition by larger global online auto-trading platform
Public documents
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Estimated reading time: 2 min Due to potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk. What are the key risks? 1. You could lose all the money you invest If the business you invest in fails, you are likely to lose 100% of the money you invested. Most start-up businesses fail. 2. You are unlikely to be protected if something goes wrong The business offering this investment is not regulated by the FCA. Protection from the Financial Services Compensation Scheme (FSCS) only considers claims against failed regulated firms. Learn more about FSCS protection here. The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm. Learn more about FOS protection here. FCA 2022/33 Page 32 of 136. 3. You won’t get your money back quickly Even if the business you invest in is successful, it may take several years to get your money back. You are unlikely to be able to sell your investment early. The most likely way to get your money back is if the business is bought by another business or lists its shares on an exchange such as the London Stock Exchange. These events are not common. If you are investing in a start-up business, you should not expect to get your money back through dividends. Start-up businesses rarely pay these. 4. Don’t put all your eggs in one basket Putting all your money into a single business or type of investment for example, is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments. 5. The value of your investment can be reduced The percentage of the business that you own will decrease if the business issues more shares. This could mean that the value of your investment reduces, depending on how much the business grows. Most start-up businesses issue multiple rounds of shares. These new shares could have additional rights that your shares don’t have, such as the right to receive a fixed dividend, which could further reduce your chances of getting a return on your investment. If you are interested in learning more about how to protect yourself, visit the FCA’s website here.
Estimated reading time: 2 min
Due to potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
1. You could lose all the money you invest
If the business you invest in fails, you are likely to lose 100% of the money you invested. Most start-up businesses fail. 2. You are unlikely to be protected if something goes wrong The business offering this investment is not regulated by the FCA. Protection from the Financial Services Compensation Scheme (FSCS) only considers claims against failed regulated firms. Learn more about FSCS protection here. The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm. Learn more about FOS protection here. FCA 2022/33 Page 32 of 136.
2. You are unlikely to be protected if something goes wrong
3. You won’t get your money back quickly
4. Don’t put all your eggs in one basket
5. The value of your investment can be reduced
If you are interested in learning more about how to protect yourself, visit the FCA’s website here.
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The proposal "Cary!" is open for trading via Eureecas Secondary Market
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