We hope that all of you are staying safe and well. As we shared in our last post, we are fully engaged in our fundraising process.
For all previous updates, please visit our Community Forum page.
We look forward to coming out of our post-Covid tunnel with the funds to carry our mission through to the next stage of ZIPZERO’s evolution. This will give us the means not only to get by and catch up on bill payments - but also to provide a continuous opportunity for our users to benefit directly from their shopping data and pay their bills in the process.
In sum, we confirm that the fundraising process is on track and progressing optimally. At the moment, we are keeping our potential investor list broad, with the plan to narrow down our options to a viable shortlist at the beginning of November. At that point, we will start the due diligence process and negotiations phase immediately with our select candidates for investment. It’s really important to us that our investors not only see the monetary value in our business - but also the value in our dedicated social mission to help UK households cover their monthly bills.
In the meantime, we have begun considering a more lively approach to how we interact with our user community. We’re thinking about putting together an in-house video project where we provide regular updates on our progress, along with helpful information about what has driven us to build this business and our vision for the future. This video series will also be helpful in getting future ZIPZERO users, investors, and partners to better understand our mission and how we plan to bring it to fruition.
Our community is the heart of ZIPZERO and we want to forge a better link between what we want to offer and what our users expect from us. Our lines are open 24/7 so feel free to drop us a line about what we’re doing - and what we might have a crack at doing in the future.
We look forward to sharing our first video in the coming weeks.
Stay safe, everybody!
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