This site uses cookies. By using this site you agree to receiving cookies. View Policy.

128%

Imagine never queuing again. Magnetto is challenging the traditional retail model by automating the checkout process (no more queues) and aims to eliminate the need for physical checkouts. Having built the MVP, Magnetto is now fundraising to develop new features, grow the team & acquire more customers.

  • Nominated for an Award at London’s Smart Retail Tech Expo
  • Founder has achieved previous successful exit
  • 3 customers operate 294 supermarkets, 2 of these now commencing commercial rollout
  • 32.9% would shop more often with Scan & Go and 27.5% would spend more
Information Unfortunately we are unable to accept investment from residents of Ukraine for this investment opportunity.

Idea

So much innovation in retail has been focused on online shopping, but we feel retail stores are being left behind. Our founders decided to start Magnetto with the purpose of bringing innovation to traditional retail.

What's included:

- shoppers scan & pay for goods with smartphones and then skip queues using smart gates

- eliminate expensive hardware within stores

- loyalty schemes

- data analytics tools

- indoor navigation with product locators & more.

2 years of development, testing and piloting has been completed and our MVP is now live. Commercial roll out has begun and we’re planning to develop fully automated stores for one customer with our hardware partner Modern Expo.

We charge retailers engineering fees, a monthly subscription fee and commissions on each transaction. Our R&D takes place in Kiev helping keep our costs competitive.

The retail automation market size is projected to reach $23.58bn by 2026, growing at an average CAGR of 9.6%, so we are positioned in an expanding market led by few companies.

Adoption is growing. Sainsbury’s SmartShop processed up to 37% of sales in 2020, Amazon is testing automated stores, but our opinion is that both still rely on expensive hardware that Magnetto aims to eliminate.

We welcome you to become a part of our community, to help us on our journey to develop additional features/services and to grow the team, sales & marketing.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

To see the rest of the Magnetto pitch, join now. It's free, quick and easy.

Due to financial regulations, you need to join our community to view the full investment opportunity.

Join

Already registered?
Log in

This pitch is approved by Crowdcube

This pitch is approved as a financial promotion by Crowdcube Capital Limited. Every pitch on Crowdcube is reviewed to ensure it is fair, clear and not misleading.

As part of our commitment to investor transparency, Crowdcube’s Due Diligence Charter outlines the analysis and verification that is conducted on equity fundraises on Crowdcube by our legal and compliance professionals.

Read more

Risk warning

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.

Magnetto 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.