Overview
Financial Performance
Business Operations & Assets
Business Details
Reason For Sale
Description
Business Concept:
MobileFlexi is a Online retail start-up offering mobile devices with flexible monthly repayment plans β giving customers the convenience of owning the latest smartphones without heavy upfront costs. We cater to working adults, students, and anyone seeking affordability, flexibility, and security.
Problem:
Many consumers want high-end mobile devices but canβt afford full payment upfront. Traditional telco contracts are restrictive and require long-term commitments or credit checks, excluding a large portion of the market.
Solution:
MobileFlexi provides interest-based installment plans (3, 6, 9,12,18 or 24 months) for purchasing mobile devices.
Each device under an installment plan comes with custom-installed phone and SIM lock software, preventing unauthorized resale, SIM changes, or usage if payment defaults occur. This ensures customer flexibility and seller protection.
Competitive Edge:
Proprietary lock software system to secure repayment.
Fast approval β no lengthy credit evaluation.
Multiple plan options (3β24 months).
Target Market:
Working adults aged 18β40 in Singapore.
Gig economy workers (Grab, Foodpanda, etc.) needing reliable phones.
Students and young professionals.
Funding Goal:
We seek SGD 50,000 to 80,000 from each investor (up to 5 partners) to fund:
Initial inventory of 50 to 100 mobile devices.
Store setup (online platform).
Software integration for phone lock management.
Marketing and operating costs for 12 months.
Projected Returns:
Break-even expected within 12β15 months.
Estimated ROI: in Year 2 through installment profit margins.
Vision:
To become one of Singaporeβs leading flexible mobile retail brand, providing secure and accessible ownership for every customer
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