Online Retail Marketplace and Consumer Finance Platform

Industry

Ecommerce

Company Type

ShoppingTech

Location

US

Size

$10 million

Investment Type

Debt/Equity

For important risk and disclaimer information, Click Here.

Click to view Investor Presentation and/or Schedule Management Call.

To Access DataRoom, click Download NDA.

Helping Great Companies Grow

Overview

Seeking +/-$10 million of equity and debt to further develop Venue – online retail marketplace and consumer finance platform.

  • Retail marketplace offers wide selection of premium products at competitive pricing from leading online retailers
  • Offers flexible payment solutions through a proprietary lending tree. Consumer loans are funded off balance sheet through third party lenders integrated with the platform
  • Generate revenue from retail margin and origination fees
  • Single credit account available to purchase from all retailers featured on marketplace
  • No inventory and no credit risk
  • Products are drop-shipped by the retail marketplace partners
  • Highly scalable ecommerce marketplace platform (venue.com) integrated with a proprietary lending platform (VenuePay) – processes orders and optimizes conversion
  • Management team has over ten years of operating history in e-commerce, generating over $1 billion in revenues and two million customers
  • Owns 26% plus option to increase ownership to 40% of Kornerstone Credit, a national consumer leasing provider
Helping Great Companies Grow

Opportunity

  • US consumers alone spent $517.36 billion online in 2018
  • Online retail sales in the US are growing at a 15% annual rate and are expected to reach $684 billion by 2020
  • A growing percentage of banks are tightening standards on consumer credit
  • Consumers with FICO scores below 700 and consumers with no credit history represent over 50% of the total US population (over 160 million people) – limited access to affordable financing options
Helping Great Companies Grow

Solution/Strategy

  • Proprietary lending tree platform incorporating big data analytics and machine learning
  • Underwrites consumers efficiently across a wide credit spectrum in real time
  • Unifies the ecommerce marketplace with instant financing on a single platform and provides a seamless user experience
    • generates significant margin from both retail and finance
    • by using mobile enabled technology, consumers can shop premium brands from leading retailers at competitive pricing and pay overtime with flexible payment options
    • by leveraging proprietary lending tree and origination platform, Venue offers an instant spending limit to online shoppers across the full credit spectrum
  • Over 10 million SKUs updated in real time to provide shoppers with competitive pricing and greater product selection
  • “Soft-pull” underwriting with no adverse impact on credit report in the event of a turndown
  • Streamlined application with instant credit decision
  • Supplier drop shipping provides quick access to products purchased through the marketplace, while maintaining no inventory
  • Monetizing existing traffic, Venue plans to offer multiple financial products on its marketplace by partnering with third party affiliates, including personal loans, VISA/MasterCard, auto loans, mortgage loans, credit monitoring and other financial products. The Company will generate fees for each transaction originated through its marketplace platform
Helping Great Companies Grow

Management

Ron Drori

Chairman & Founder

  • Former Chief Executive Officer of VNU Group and former Chairman of Crest Financial Services
  • Responsible for securing over $500 million of capital and generating over $1 billion in revenues
  • Secured strategic partnerships with GE Capital (GE), Household Bank (HSBC) and Alliance Data Systems (ADS)
  • Served as Chief Executive Officer of US Capital Financial Corporation, an LA-based subprime credit card marketing company originating over 1 million credit card accounts
  • Graduate of the Anderson School of Management, UCLA.

Kent Helbig

Chief Operating Officer

  • Founder, former Chief Operating Officer and Chief Technology Officer for CoEdition, a marketplace for plus sized fashion.
  • Former Chief Technology Officer, VNU Group. Kent was responsible for the development of its proprietary ecommerce and lending platforms supporting up to 3 million omonthly visitors to its site.
  • Former Chief Operating Officer and Chief Technology Officer, Ashford.com a specialty retailer with global operation.
  • Former head of Technology Solution, Gilt.com a leading fashion marketplace with over $600 million of annual revenues.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

Sending

Log in with your credentials

Forgot your details?

Skip to toolbar