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Tomasz Freier

Head of Compliance
Angels Den

Dear User,

You may have heard about the new General Data Protection Regulation (“GDPR”), that comes into effect May 25, 2018.

We would like to ensure you that your personal data is safe with us. Please read the details regarding the processing of your personal data and if you agree with the processing as described below, please click the ‘I agree’ button.

Please be informed that you can withdraw this consent at any time.

1) What data are we talking about?

We are disclosing details regarding the processing of personal data that is collected within our calls and in connection with your use of Angels Den’s platform, Websites and other functionalities of Angels Den, including those saved in cookies files.

2) Who will be the controller of your data?

Angels Den Funding Limited (hereinafter referred to as AD) will be the controller of your data (Angels Den means all entities from the Angels Den capital group, which includes Angels Den Funding Limited with its registered office in London and all entities related to it and dependent on it) and only our Trusted Partners.

3) Why do we want to process your data?

We process this data for the purposes described in our Privacy Policy, including:
- compliance with any legal requirements and obligations,
- ensuring that content from our Website is presented in the most effective manner for you,
- marketing purposes,
- providing you with our services (including the completion and support of immediate activity required to provide you with information and deliver products and/or services that you request and to deliver any contracts entered into with you), or
- as otherwise explained in this privacy policy or by any communication by us.
Where you have explicitly consented to be contacted for such purposes, we use your personal data to provide information on our new and existing products and services.

4) To whom can we transfer data?

In accordance with applicable law, we may transfer your data to entities processing it at our request, e.g. marketing agencies, subcontractors of our services and entities authorized to obtain data under applicable law, e.g. courts or law enforcement agencies - of course only if they submit a request based on an applicable legal basis. Furthermore, we will transfer your data to Trusted Partners outside the European Union – to the USA – under the EU-U.S. Privacy Shield Framework.

5) What are your rights to your data?

You have the right to request access to, correct, delete your personal data. You can also withdraw consent to processing of personal data, raise objections and use other rights granted under GDPR (i.e. right to data portability).

6) Use of cookies

We use cookies to give you the best experience on our Website. This means that we have placed cookies on your device. If you continue without changing your cookie settings, we assume that you consent to our use of cookies on this device. You can change your cookie settings at any time but if you do, you may lose some functionality on our Website. More information can be found in our Privacy Policy.

In connection with the above, I agree to the processing of my personal data by Angels Den and its Trusted Partners. I confirm that I understand that my personal data is being collected as part of my phone calls, use of AD’s online platform, Websites, and other functionalities of AD, including the data saved in cookie files. I also consent to profiling in order to allow Angels Den and its Trusted Partners the provision of better services (including for analytical purposes). Your data will only be processed on a valid lawful basis in accordance with applicable data protection laws. The processing of your personal data for marketing purposes (including statistical analysis) by AD is based on the firm's legitimate interest. The processing for marketing purposes by our Trusted Partners is only possible if we receive your freely given consent. We will also process your personal data to fulfil our contractual obligations to you as contained in AD’s Terms and Conditions of the use of our Website and services. Therefore, this data will be processed on another lawful basis – ‘contract’. We will also process your data to comply with our legal obligations for our Service (such as anti money laundering and know your customer requirements), which is also a valid lawful basis in accordance with applicable data protection laws.

Expressing this consent is voluntary and you can withdraw at any time.

If you have any doubts or questions about the use of your personal data, please do not hesitate to contact me via email. I’m happy to assist.

Tomasz Freier

Head of Compliance
Angels Den
tom@angelsden.com

Interview with Lawrence Gilioli, Founder of Lenderwize

Interview with Lawrence Gilioli, Founder of Lenderwize

Lawrence Gilioli is the founder of Lenderwize, a company that has identified a specific problem: 
mid-sized Telecom Operators that sell to big Operators must pay their vendors upfront, and wait for their clients to pay them 45 days. They have clients, suppliers, margins, but not enough capital to fund their trades. The Cash Flow Gap is a significant Opportunity Loss, which Lenderwize seeks to solve. Lenderwize raised investment through Angels Den in 2017 and now Lawrence Gilioli talks about his company's journey.



Considering the fierce competition in the business world, how would you highlight the factors that made your business stand out and why did you seek investment?


The business world is competitive, but we all seek the same things: an easier life, profits, controlled risks, and novelty.


Lenderwize stands out because it is a new asset class to invest in, and is based on a human necessity: making phone calls. Telecom Wholesale is a B2B Industry worth £108B, which stably grows 9% per year, and which is insurable. As experts in Telecom, Lenderwize is solving a major problem in the Industry, that of lacking working capital. Since Large Telecom Operators like Vodafone pay on 60 days whilst suppliers must be paid on 7 days, there is a cash flow gap of 53 days. SME Telecom Operators cannot increase their revenues and margins if they do not have enough working capital. Banks barely understand this digital commodity, hence it is perfect for alternative finance, and borrowers are happy to pay above market interest rates.  

  

Lenderwize sought investment from Angels Den to develop our service which matches and de-risks Lenders to Borrowers (Telecom Wholesalers), investing in a FinTech platform, marketing, and processes. Thanks to this investment in equity of Lenderwize, we have since obtained a funding facility for $50M from institutional lenders and created a sales pipeline of $33M from prospective borrowers.




With over 90% of our funded deals still trading, we know from experience that having an active angel investor on board increases the chance of success. What kind of impact did the investors have on your business?


Lenderwize cherishes active angel investors, to date. Whilst we do not need further equity investors, we seek expertise, business contacts, ideas, and know-how. Our project is very ambitious and we can only achieve our true potential with the contributions of experts. The scope of our services will touch FinTech, InsurTech, Blockchain, Payment Processing, Mobile Banking, Nanopayments,and API integrations. We already have brought on board angels with expertise in some of these fields, and we welcome more. Our ultimate goal is to create the firstMobile Interest Generating Savings Account and to exit in Silicon Valley in 4 years, after having coupled Telecom to Finance, on a mobile phone. This potential will only be reached if we have the right angels, who share our vision.


Any of our 20.000 investors will probably say that one of the most important aspects is that people invest in people. How do you motivate your team for outstanding long-term results?


With sweat equity, incentives, regular meetings with Management, Board Members and Shareholder „get-togethers”. And with tangible results which increase the company’s value, every 4 months.


What piece of advice would you give to other entrepreneurs looking for an investor?


I highly recommend entrepreneurs to seek funding on Angels Den. It’s very active, successful, and practical. The Angels cover multiple fields, hence there is a broad scope of expertise, in addition to funding.It’s goal-oriented and doesn’t consume your time in theoretical exercises.


In more general terms, I also believe that an entrepreneur should seek an investor with a few key points in mind: 


- keep overhead costs very low 


- don’t invest in technology until you have a proven and revenue generating model („buy, then make”)

  • - seek breakeven as quickly as possible, and develop your USPs daily 

  • - be different, better, faster and cheaper

  • - know your customers and your competition