Gomingo successfully raised £100,000

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Successfully funded

Capital at risk

overfunded

Gomingo

102%

Raised: £102,180

Investors: 143

Target: £100,000

Equity: 4.86%

Pre-money valuation: £2,000,000

Gomingo is an accommodation booking platform aiming to provide a clean, experience-led user journey for millennial travellers. Soft launched to guests in April 19, acquiring 82.5 users & 2630+ monthly sessions, on average. Now raising to increase marketing effort, accommodation and experience offerings.

40,000 host rooms signed to date, adding an average of 3,600k/month
August received 19 bookings in 18 days
Ahead of Booking.com on search advertising for select destinations
Featured in travel press PhocusWire, Travolution & Travel Weekly

Idea

Our goal is to provide a clean and inspiring user experience for the millennial traveller. Our mission is to address the high commission charged by established Online Travel Agents and improve the user experience on offer. We want to make listing accommodation online fairer and cheaper for the host, and share the benefits of a lower price with our guests.

Success so far:

- Soft launched to guests in April 2019, acquiring immediate booking interest in its first month of test advertising.

- Rank above booking.com and other competitors on Google search for select destinations.

- Attracted coverage from travel industry publications PhocusWire, Travel Weekly and Travolution.

- Signed partnership agreements with My Air buddy, to provide property management services to our hosts and secondly with an AI-backed event and activity app.

What’s Next?

Global travel is expected to earn $755 billion dollars in 2020 and the key driving forces behind this is the millennial sector.

We are looking for investment to scale our technology and connectivity to increase listed inventory while integrating a third-party experience functionality. Gomingo aims to acquire new users through partnerships, targeted social media advertising and the acceleration of our successful search campaigns.

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Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Gomingo has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.

Idea

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