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Limited Share Offer

Released 16:43 26-Mar-2019

RNS Number : 0824U
Mango B2B (UK) Limited
26 March 2019
 

MangoB2B

("MangoB2B" or the "company")

               

Limited Share Offer - MangoB2B

 

MangoB2B, a London-based global online B2B E-commerce platform to be underpinned by state-of-the-art blockchain technology, innovative artificial intelligence and smart contracts, is seeking private investors.

 

To scale up, the company is now looking to raise approximately £1,200,000 from institutional and private investors by issuing up to 120,000 Ordinary Shares valued at £10.00 each. Its prospectus and Information Memorandum are available for inspection; and the share offering will close in December of this year (2019).

Founder and CEO Shahid Maqbol, who has extensive experience as a successful entrepreneur, consultant and international trader, set up MangoB2B in 2012, initially in Hong Kong to access the Chinese market. Last October, the company restructured and incorporated in the UK, making the Hong Kong division a subsidiary.

 

As of March 2019, buyers and sellers from more than 160 countries have used the platform, resulting  in more than 20,000 companies and 100,000 products being listed. Categories encompass the agriculture, food and farming, apparel, business services, health and beauty, home and office, industry and machinery, steel, technology and communication markets, as well as travel and transportation.

Mr Maqbol said: "MangoB2B operates in five key languages and has already generated US$134 million in enquiries for manufacturers, suppliers and buyers keen to trade in a trust-centric way."

The company's Verified Supplier Program manually verifies that each seller is both genuine and has a physical address before they can trade on the platform. It will use smart paperless contracts underpinned by blockchain technology. Its secure vault for buyers' and sellers' bank details guards against emails being intercepted and the payment system uses Escrow services to help protect against fraud.

For further info, including how to obtain a copy of the MangoB2B Information Memorandum, please contact:

MangoB2B                                                                      

Shahid Maqbol, CEO and founder +44 845 299 0706      investorrelations@mangob2b.com

 

Advisors:                                

EIS Consultants                                                                    Compliance

Sapphire Capital Partners                                                  Blue Water Capital Ltd

34 South Molton St, Mayfair,                                            Financial Conduct Authority (FRN: 789335).

London, W1K 5RG UK                                                          

 

 

About MangoB2B

A global online B2B commercial and industrial marketplace, MangoB2B will use blockchain technology, smart contracts and artificial intelligence. It also manually verifies every buyer and seller before they can trade on the platform. Since going live in 2012, MangoB2B has created a network of thousands of buyers and sellers from more than 160 countries. For more information, visit mangob2b.com.

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Limited Share Offer - RNS