OKXE

500 Points

Available File : 8.-OKXE.pdf

Recommended by:  ROA INVENTION LAB Inc
Categories: , Tags: , , ,

Description

# About OKXE

– The first App based motorbike transaction platform in Vietnam

# Business Model

– The second motorbike market in Vietnam has huge market size: 8 billion USD annually. Over 80% of them are transacted in the traditional offline market. OKXE aims to solve the pain points of the offline market and innovate the second-hand motorbike market in Vietnam.
– OKXE is the first APP based motorbike platform in Vietnam. OKXE solves the problems the traditional offline market has. OKXE users can buy a used motorbike without commission.
– OKXE provider installment payment program and safe payment system.
– OKXE increase market reliability by providing ‘price over view’ based on big data and A.I technologies.

# Revenue Stream

– Premium user model : Monthly recurring fee model for professional sellers who upload many items
– Selling  In APP/WEB promotion Items : getting better position and emphasizing items
– Commission revenue : commission from installment program and safe payment system
– Selling OKXE guaranteed Item : Selling second hand cars, new cars, insurance OKXE recommend
– AD revenue : Selling AD banner to Motorbike related company and organization.

Company Info

Country:
Republic of Korea
City:
Seoul
Founders:
WOOSEOK KIM
Number of Employees:
1~10

Funding

Investors:
ROA Invention Lab

Product Link

Fundraising Plan

ROA INVENTION LAB Inc

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In the Vertical Platform field, especially in Mobile O2O&On-Demand Tech and Service, ROA Invention LAB Inc. has been deeply engaged in the area as a one of top-tier accelerators and seed investors in Korea. What the most differential part of ROA Invention LAB Inc. compared to other accelerators is to have strong tie with big conglomerates such as SKT, Hyndai Motor Group, Hyundai Mobis and KB Kook-Min Card, etc. which are number one position in their own field including Telecom, Automobile and Finance sector. ROA Invention LAB Inc. has been collaborating with them since 2016 and accelerating over 100 startup companies through mutual partnership and co-branded accelerating programs.

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