Wagonex

Compliance Team
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.

Compliance Team
Angels Den
cl@angelsden.com

I Agree

Not Now

WAGONEX

A software company building a platform for Cars on Subscription’. We take care of everything but fuel

£ 116,412

0 Days left

47% of minimum goal raised

Sophie McMillan

Minimum Target

£ 250,041

Minimum investment amount

£ 5,000

Maximum Target

£ 500,081

Maximum investment amount

£ 100,000

Investment Opportunity

Wagonex is a marketplace platform that enables any car manufacturer, supplier or fleet manager to offer cars on subscription. Mobility as a service ensures a hassle free alternative to ownership. The platform enables the structuring and management of flexible solution including fleet management, logistical capability and the audience for distribution.

THE IDEA

Products & Services

Wagonex is a marketplace platform with an e-commerce front end and fleet management back-end. We enable fleet managers to offer cars on a flexible basis. Our fully automated check process includes I.D, document, credit and DVLA checks. We take care of everything but fuel. Our supplier partners provide the vehicles on a variety of timeframes we provide the market, the logistical capability and audience for distribution.

Problem Solved

The millennial generation leads the trend away from ownership to 'usership'. Why do we still suffer the burden of interest on debt to buy cars that continuously depreciate? Financial products such as PCP (personal contract purchase) are being widely criticised and are under investigation by the regulators for mis-selling and heavy additional charges. Industries from music to razor blades have been transformed by the subscription economy and the car industry is next. Wagonex takes away the burden of large up front payments, long lock in periods and additional hidden charges. Our prices include everything but fuel.

Revenue Model

A commission is charged at 10%+vat on all transactions through the platform. A white label product is in live testing with a fleet manager working on the same commission basis. This forms strong learning for additional revenue streams in the SaaS space. The platform carries out automated checks and plans are in place to become a reseller of these reports forming an additional revenue stream. An insurance product is being structured to cover vehicles that require the provision of insurance and a margin can be factored in for another revenue stream. The advertising revenue will be worth considering carefully when at sufficient scale with the brand integrity firmly in mind.