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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

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INLET - Investment Opportunity

Inlet aims to be the market leading provider of Sharing Economy insurance products in both B2B and B2C markets to enable participants in the Sharing Economy to achieve the flexible protection they need. “Topping Up” their insurance “On Demand” or via traditional policies. As the first wholesaler in this market, insurance products are distributed B2B to brokers and insurers to sell to their clients. Inlet also works directly with business clients in the Sharing Economy and individual users. Inlet created innovative solutions to work collaboratively with the Insurance Industry ensuring process simplicity by enabling insurance for sharing to be normalised through existing purchase channels.

THE IDEA
Products & Services

Inlet has created the first in market products designed as a range of universal “top ups” to extend traditional insurances for sharing.
Products are designed for purchase either by Sharing Economy businesses to provide insurance for all their users or purchased by individuals participating in the Sharing Economy. Bespoke solutions for Sharing Economy businesses can also be created. The customer journey is mobile first or over the phone where “advised” service is provided for clients with complex needs. Integrations with Sharing Economy businesses ensure a slick process for clients with automatic notification of sharing activity to ensure insurance is active.

Problem Solved

Inlet addresses a significant gap in the insurance market for the Sharing Economy, where short term peer to peer renting of assets or provision of services are not covered by existing insurances. Customers letting property through websites like Airbnb aren’t covered by traditional insurances leaving confusion, the potential for significant financial loss and even voiding their underlying home insurance.
Inlet products are designed to universally dovetail with traditional insurances from any insurer. In addition, Inlet has negotiated exclusive integrations with key insurers in the UK market so that individuals do not void their underlying home insurance when they have cover with Inlet.

Revenue Model

Inlet earns income primarily from commissions on the sale of insurance products. It also earns income on interest payments where customers choose to pay monthly by direct debit and from fees applied for some services such as policy amendments. Commissions are earned at point of sale and for each subsequent policy renewal which takes place. Profits are traditionally higher at renewal where there are no marketing costs for acquisition.
Commission levels are driven by both underwriting performance and market competition for customers. Product pricing is determined by using Inlets proprietary statistical algorithms and AI across both proprietary and external data sets.

Exit Strategy

There are several ways an exit could be achieved for investors. Inlet plans to raise further funds through a Series A round in 2019 which could include an exit for angle investors if required. Over the next 5 years its likely Inlet would become an acquisition target for larger insurance brokers and consolidators such as Arthur J Gallagher and The Ardonagh Group which would be the most likely exit route, however Insurers may also be interested in acquisition. Inlet has also had an initial conversation with Airbnb about the potential for an acquisition, so a Sharing Economy purchaser could also be an option.

Minimum Target £ 200,000 Maximum Target £ 800,180 Minimum investment amount £ 10,000 Maximum investment amount £ 800,180
Share On Website Visit site Location LONDON
Gallery
  • (Inlet) gallery
  • (Inlet) gallery
  • (Inlet) gallery
  • (Inlet) gallery
  • (Inlet) gallery
  • (Inlet) gallery
  • (Inlet) gallery
  • (Inlet) gallery
  • (Inlet) gallery

The Idea

Products & Services

Inlet has created the first in market products designed as a range of universal “top ups” to extend traditional insurances for sharing.
Products are designed for purchase either by Sharing Economy businesses to provide insurance for all their users or purchased by individuals participating in the Sharing Economy. Bespoke solutions for Sharing Economy businesses can also be created. The customer journey is mobile first or over the phone where “advised” service is provided for clients with complex needs. Integrations with Sharing Economy businesses ensure a slick process for clients with automatic notification of sharing activity to ensure insurance is active.

Problem Solved

Inlet addresses a significant gap in the insurance market for the Sharing Economy, where short term peer to peer renting of assets or provision of services are not covered by existing insurances. Customers letting property through websites like Airbnb aren’t covered by traditional insurances leaving confusion, the potential for significant financial loss and even voiding their underlying home insurance.
Inlet products are designed to universally dovetail with traditional insurances from any insurer. In addition, Inlet has negotiated exclusive integrations with key insurers in the UK market so that individuals do not void their underlying home insurance when they have cover with Inlet.

Revenue Model

Inlet earns income primarily from commissions on the sale of insurance products. It also earns income on interest payments where customers choose to pay monthly by direct debit and from fees applied for some services such as policy amendments. Commissions are earned at point of sale and for each subsequent policy renewal which takes place. Profits are traditionally higher at renewal where there are no marketing costs for acquisition.
Commission levels are driven by both underwriting performance and market competition for customers. Product pricing is determined by using Inlets proprietary statistical algorithms and AI across both proprietary and external data sets.

Exit Strategy

There are several ways an exit could be achieved for investors. Inlet plans to raise further funds through a Series A round in 2019 which could include an exit for angle investors if required. Over the next 5 years its likely Inlet would become an acquisition target for larger insurance brokers and consolidators such as Arthur J Gallagher and The Ardonagh Group which would be the most likely exit route, however Insurers may also be interested in acquisition. Inlet has also had an initial conversation with Airbnb about the potential for an acquisition, so a Sharing Economy purchaser could also be an option.

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