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Wisecars Inc

Wisecars Inc

Simple car hire – search, choose, and book.

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Deal Type

Convertible Note

Funding Goal

$250,000

Current Reservations

$0

Minimum Reservation

$1,000

Deal Stage

Other

Interest (% per year)

6.25%

Term Length (Months)

48 months

Valuation Cap

$10,000,000

Conversion Discount (%)

20%

Warrant Coverage (%)

5%

Open Date

06/22/2020

Maximum Reservation

$25,000

Closing Date

07/31/2020

Deal Exemption Type

3

Elevator Pitch

You will book, rent, pick up and drop off your car with just an app, dealing with one contact throughout your rental journey, and a dedicated, real, person at your service.

KPIs

500,000 Users
Cash Flow Positive
15 Employees
$7,500,000 Sales
$400000 Transaction Volume

Company Overview

Wisecars.com is a platform for everyone who needs to rent a car.

We have over 5 years of experience as a company and our core team consists of car rental insiders who have all together more than 20 years of industry specific experience.

Wisecars started in 2016 as a family business with a team of two and grew to more than 40 people in three years. We have offices in San Francisco and London and the spirit of reaching out to anywhere and anyone in the world.

  • We aim for nothing less than in 5 years to be one of the most recognisable car rental distributors in the travel market.
  • Our helpful support team are on hand seven days a week and offer you service in 8 languages.
  • We believe in personalisation. Everything our customer sees is tailored to their needs to make the entire planning and booking experience easy, simple and enjoyable from start to finish.
  • We have access to millions of rental cars available in 160 countries and over 50,000 different locations.
  • Personalised approach means that we aim to get you to feel and say that “I know them and they know me!” and “They take care of me!”.

Traction

  • Wisecars reached 1,000 reservations per day

    April, 2018
  • Got awarded with a 5-star rating on Trustpilot

    September, 2017
  • Wisecars.com was launched in seven languages.

    April, 2016
  • First reservation was made on December 31st 2015

    December, 2015
  • Wisecars was born

    September, 2015

Pitch Deck

Press Mentions

Key Customers & Partners

Skyscanner Kayak Happycar Alamo Enterprise Europcar

Testimonials

Richard Lowden
Richard Lowden
CEO
"Green Motion, which operates in over 47 countries around the world, has had the pleasure of partnering with Wisecars since its inception and has enjoyed a strong and solid business relationship throughout. We have every confidence that Wisecars will continue to go from strength to strength and we look forward to advancing our ongoing success. "
Andrea Tuinenburg
Andrea Tuinenburg
Brand Ambassador
"Must say that Wise Cars is an A+++, if we could add more pluses we would definitely do! Top notch partnership, Account Management and Customer and Reservation teams always overlooking things to come to an amazing outcome; providing a great customer experience and revenue increase for common business. Every time any issue has raised up they are first one there. A good communication and cooperation is really important for an outstanding partnership, must say they over exceed expectations! 100% recommended"

Previous Funding

  • $50,000 Other
  • Raise Source: Self
  • October 2015

Risks & Disclosures

You should acknowledge that every financial investment always includes risks. This is a type of debt investment. They are generally considered to be more stable than share or equity-based investments, but they may still involve significant risks. You should carefully consider whether investment is suitable for you in light of your knowledge and experience in financial and business matters, investment objectives, financial means and the risks that you are prepared to take and the losses you are able to absorb. The security note is the legal document that approves the value received and amount payable at the due date.

Documents

Confidential

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