Project Imagine (PI1 banking as a platform - formerly Dozens consumer fintech)

Seriously, you’re now oversharing about Zeux. This article has been posted in three different threads only by you and I feel like I read the word Zeux in every post you make.

What you’re clearly promoting is an incredibly risky investment, with no FSCS protection and no recourse should your money disappear.

Please keep it to the Zeux thread at the very least, so the rest of us can mute it.

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Some interesting info in the investor newsletter!

Since launching our crowdfunding round with Seedrs, we have increased our number of customers by more than 10x to almost 20,000, added international payments to our revenue-driving products, announced our plans for moving towards becoming our customers’ primary account through new partnerships with Visa and Clearbank, and last but not least – we were excited to announce receipt of advanced assurance for EIS status for our investors.

In terms of quality of acquisitions, of the 75% of customers who have cards activated, we have over 5,000 monthly active customers, and over 1,250 daily active customers. Our average customer balances remain above industry standards (at the time of writing, the average balance in cash savings is >£750), and we expect to see these rise further with the launch of our full investment platform within the next month.

For our latest issuance of listed bonds, we received £100,000 worth of bids within 26 minutes of going live, and at closing had a total of bids from 613 customers, with a total value of £987,600.

… .

We remain confident for targets for March 2020 both in terms of customer number growth, as well as usage of card, app and accounts of consumers. In addition, we have made progress with the B2B licensing tech side of the business through Project Imagine due to incoming requests.

Now we are fully focused on finding a good lead for Series A, which will be a necessity to hit our targets for 2020 and beyond

The last bond was oversubscribed x10

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I am quiet frustrated that was unable to get Dozens bond allocation. The 5% rate is good only if can be accessed, otherwise its just a pie in the sky!

I am sure there are others in this community with the same frustration, I am trying to be helpful by sharing alternative options to Dozens. What happened to the ability to freely share one’s views…

You know what you’re doing.

There are 25 references to Zeux or posts in Zeux threads in your last 40 posts.

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It’s not really an alternative tho, Dozens is completely risk free.

true

Stats for the last bond!

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lol at the £50k bid trying to get £2,500 interest from it. :rofl:

Thats a lot of £100 and £200 bids of the 357 successful to make the median £200.

Lots of shinny fivers coming to people in 12 months time with 5% on £100.

This is also the same face as most grumpy bidders I expect.

I might actually use my dozens account :see_no_evil:. At the moment it’s lying dormant

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Looks like there’s a new bidding round now available in the app.

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What about in the interim rob before the end lf the bidding process… money in dozens itself isnt protected by fcsc?

The money in your cash savings account (as opposed to your current account) is in fact held in a UK bank account with FSCS protection, though to be clear this is not coverage of Dozens itself.

You can read more here:
https://www.dozens.com/what-financial-protection-do-i-receive-with-dozens/

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Once again you amaze me with your quickness in replying :joy::joy:

Thanks rob! :clap:

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Any ideas on the bid which may be successful this round?

Seen some on the dozens community suggesting £1500 could be successful.

I’m purely guessing but £1m with ~1000 successful bids

£1300 Median successful bid
£2500 Highest successful bid

I’m guessing those with more than £500 pounds to bid will go for a round amount £1000 or £1500 or £2000 and some will get lucky with £2500.

Would you expect this kind of bidding @rob_dozens ?

Pound Bids Amount
100 50 5000
200 50 10000
300 50 15000
400 50 20000
500 200 100000
600 10 6000
700 10 7000
800 10 8000
900 10 9000
1000 200 200000
1100 10 11000
1200 10 12000
1300 10 13000
1400 10 14000
1500 150 225000
1600 5 8000
1700 5 8500
1800 5 9000
1900 5 9500
2000 100 200000
2100 5 10500
2200 5 11000
2300 5 11500
2400 5 12000
2500 26 65000
996 1000000
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Well, 100k (edit: I meant 250k!) is supposedly reserved for shareholders, though the details are a bit skanty. However that’s done, it would skew things considerably

The preferential amount for shareholders in this issuance is £250k in fact - I just wanted to make sure the information is accurate.

@phildawson that is a very detailed guess :slight_smile:

I have absolutely no idea - and couldn’t possibly comment even if I did. However, since this is our very first £1m issuance there is no way for anyone to tell what the bidding will be like. However, the rules are the same - we prioritise the smaller bids and will go up the list until all the bonds available have been allocated.

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Yes, but what are the rules for shareholders…

The same but in a £250k chunk?

That’s really helpful, much appreciated