OuroX

OuroX

FinTech for Latin America & Caribbean

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Security Type
Non-Voting Equity
Categories
Other
Min Investment
$251
Offering Date
November 19, 2018
Expected Close Date
February 19, 2019
Target Raise
$10.00K-$1.07M
Deal Notes

Purchase Price of Security Offered: $1.67 per share

Valuation
$12,525,000

Company Description

There are about 650 million people across the Caribbean and Latin American regions, and all of them are looking for their chance to bring their knowledge, passion, inspiration, and experiences to the new global marketplace. It is estimated that 70% of those people - or more than 400 million people - are unbanked or financially underserved, a huge market encompassing billions of dollars (Source). Those 400 million people are at a disadvantage because of their limited access to basic banking services and a dedicated, reliable cryptocurrency exchange that’s capable of bringing their communities into the future (Source).

That's why we’re building OuroX, the first and only cryptocurrency exchange of which we’re aware that’s dedicated specifically to the Caribbean and Latin America. OuroX will provide a lifeline into the future for hundreds of millions of people. And this investment opportunity is your chance to be a part of it.

Use of Proceeds

Intermediary Fee: 6%

Marketing: 40% - 25%

R&D: 40% - 25%

Working Capital: 14%

Operation: 0% - 10%

Company Employment: 0% - 20%

Management Team / Advisory Board Bios

Maya Parbhoe - CEO, Director, Chairperson and Chief Executive Officer
Maya Parbhoe is a serial entrepreneur. Starting her own import company when she was only 15 years old. The typical entrepreneur; starting with only a few dollars in savings, reinvesting profits and working long hours to build the company. That eventually enabled her to start her second venture, Icarus Geosystems, with cofounder Serge Tjin Wong Joe in 2015. Icarus Geosystems is an established company offering geosynthetic engineering solutions to the mining, oil, gas industries and government. In the first 18 months since founding, Icarus Geosystems has grown into a multi million USD company. Neither company has ever accepted any outside investments or taken out any business loans.

Serge Tjin Wong Joe - Co-Founder, President of Business Development
Serge Tjin Wong Joe is a Civil Engineer with over 20 years of experience as former director in engineering company IBT. From an early age Serge has been exposed to and has later been involved in various businesses run by his family including general retail, automotive and banking. Through the formation of Icarus Geosystems an ideal atmosphere was created for Serge to make optimal use of both his technical and entrepreneurial skills.

Gian Baldew - Co-Founder, Vice President of Business Development, Secretary and Director
Seeing the potential of the platform through the critical eye of a cryptocurrency trader, which he has been since april 2017, Gian was one of the first investors, providing funding for development of the exchange trading platform. Gian is a young entrepreneur expanding and managing his family business, well known for their nightclubs and hotel for the past three years. He is currently enrolled in his final year of International Business Management at FHR Business School. In addition, he is studying to be a broker dealer on Kaplan and preparing for the Series 7 exam.

Deal Notes

Purchase Price of Security Offered: $1.67 per share

Amount Raised : $47,346
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Security Description

Non-voting stock is stock that provides the shareholder very little or no vote on corporate matters.

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