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Exchange Train Ltd

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Exchange Train is a disruptive online comparison website for property solicitors.

45%
 - 
38 days left
£100,006 target
£45,240 from 50 investors
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Business overview

Location Petersfield, United Kingdom
Social media
Website exchangetrain.co.uk
Sectors Property Digital Mixed B2B/B2C
Company number 12094692
Incorporation date 10 Jul 2019
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Investment summary

Type Equity
Valuation (pre-money) £578K
Equity offered 14.75%
Tax relief

SEIS

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Business highlights

  • Over 10,000 visitors with over 650 quotes generated from launch
  • Featured in The Negotiator and PropertyIndustryEye
  • Groundbreaking approach to an age old market
  • All figures achieved with a shoestring marketing budget
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Key features

  • Secondary Market
  • Seedrs nominee min. £11.56 +

Idea

Introduction

Exchange Train is a ground-breaking, disruptive comparison website where property solicitors have 24hrs to bid for home-movers' custom on a live, dynamic platform.

Comparison websites have revolutionised numerous industries by allowing customers the resources to shortcut the process of finding and vetting suppliers, products and services - all from the comfort of their own home. Exchange Train is no exception from the trend and is on a mission to help home-movers find the BEST property solicitors, for the BEST price.

Our experience is that your local estate agent will recommend to you an average of 4 solicitors when looking to move house. There are over 19,000 property solicitors in the UK each providing a different quality of service, price and turnaround time. What we uniquely do, is locate the top solicitors for the customer’s specific transaction, based not only on price, but what's most important to the customer.

Monetisation strategy

Our plan is to create a system that produces a consistently growing stream of income. Commission is our principal source of revenue until we acquire sufficient market share and deploy our subscriptions and data-mining models - We call this 'MODEL 2'.

MODEL 2 charges each solicitor:

- Subscription Fees
- Commission
- Remarketing
- Data-mining + Market optimisation packages/training
- Full-service volume discounts

After the implementation of MODEL 2, we plan to add channels of revenue which will include surveyors, mortgages, electricians and allied trades, removals and utilities. We consider Exchange Train both B2C and B2B as our revenue is recognised through our solicitor partnerships however, we are a consumer champion.

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Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.
This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.
Valuation rounded from £578,000

Pitch type

There are 4 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • Secondary

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Seedrs.

Seedrs nominee

This shareholding type is available with this raise.

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Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

This shareholding type is available and the minimum investment required to select it.

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.