Mojo Overview
Founded in 2022, Mojo began operations at the end of 2023. The company is currently developing and delivering a comprehensive banking platform.
Mojo’s offerings include Acquiring services (accepting payments via POS, eCommerce, etc.), Payments (facilitating transactions through bank accounts and EU IBANs), Virtual and Physical Credit & Debit cards with significant cashback benefits, and various Funding options (set to launch by the end of 2024).
Mojo has established partnerships with leading EMIs in the EEA and US, such as Paynt, Pliant, SIVO, SumUp, Pyrros, Clear Payments, and PayMix Via, among other innovative financial institutions.
In its first year of operations, Mojo received the GOLD Award for Digital Payments in the Travel Industry and was recognized as one of the top startups by Enterprise Greece / Thriving Global 2024: Top Shortlisted US-MAC / Silicon Valley.
Key Financial Metrics
Mojo’s current share capital stands at £10,000,000 (approximately €11,706,250).
The company has issued 2 million shares, each valued at £5 (approximately €5.90).
Mojo’s valuation is approximately €47,000,000, derived from a combination of five valuation methods, with Equidam, a leading platform, providing the valuation.
This valuation suggests that each share is currently worth four times its nominal price.
Future Objectives
Following the first round of funding, Mojo aims to:
- Achieve over €8,000,000 in net revenue within 12 months.
- Attain nearly €100,000,000 in net earnings over the next five years.
- Acquire over 10,000 business clients within the first 18 months.
- Implement its solutions in major ERPs and other platforms in Greece and Cyprus, such as SoftONE, Panasoft (already implemented), and One Tourismo (already implemented).
Investment Opportunity
Investing in the first round offers a special share price, with the potential to double your investment within six months.
In the next round (approximately six months from now), Mojo will issue one share to existing shareholders for every new share issued to new shareholders.
Before the third round of funding, Mojo plans to split and triple your shares, providing an opportunity to sell them with a potential ROI of up to 100%.
In three steps, Mojo aims to double your investment, with the option to sell your shares for at least a 100% ROI. If you choose to hold onto your shares longer, you may sell them at their real market value, potentially realizing an ROI of over 500%.