Mineko | Updates

By Daniel Schlör

MINEKO Extends Its Campaign

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Public

Dear Companists,

After a successful campaign launch on Companisto, MINEKO keeps developing very positively and has shown greater potential than expected.

 

New Business Model for Campaign Launch

At the time of our campaign launch, we expanded our business model to include refund collection from landlords in order to solve the entire problem of incorrect utility bills for our clients. Our clients have appreciated this new model so far.

 

Increased Growth Potential through Partners

The problem of wrong utility statements for privately rented apartments is bigger than we initially expected. Indeed, there are numerous potential clients that we have not yet included in our projections. Auditing companies, for instance, check utility bills when selling large real-estate portfolios. Moreover, legal expenses insurance companies are interested in integrating the MINEKO check into their systems to offer their clients an alternative way of dealing with utility bills. Finally, municipalities can save considerable amounts of money spent on too-high utility bills for households receiving social security payments.

 

Auditing Companies

According to the German Federal Statistical Office, there are approximately 14,000 auditing companies in Germany. We have already agreed on partnerships with the first of these companies and sold them the first analyses.

 

Legal Expenses Insurance Companies

In Germany, there are 38 legal expenses insurance companies MINEKO has already made some progress in talks on partnerships with three of these companies: ARAG, DEVK, and DEURAG.

 

Municipalities – Check of Bills for Households Receiving Social Security Payments

There are roughly 2.3 million households receiving social security payments in Germany. According to German law, these households' rent is covered by the municipality they live in and paid by the "Jobcenter" in charge. Consequently, MINEKO can help municipalities throughout Germany save considerable amounts of money by digitally checking such households' utility bills. We have discussed this model with the mayor of Berlin during a personal meeting, and he was highly interested in our presentation. As a result, MINEKO will run a test with the first social security offices/Jobcenters in Berlin shortly. In Berlin alone, there are approx. 300,000 households receiving social security payments, so yearly savings may be as high as €50 million.

 

We would like to enable the Companisto crowd to participate in the above developments, so we have decided to extend our campaign. Our goal is to convince a sufficient number of investors that will then help us realize the growth potential available to us and further boost MINEKO's growth.

 

We are pleased about the positive development and would like to thank our previous investors for their support.

The MINEKO team



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Investments in crowdfunding projects offer great opportunities, but they are risk investments. In the worst case, the entire investment amount may be lost. Consequently, these investments are unsuitable for retirement plans. However, there is no obligation to make further contributions. Investors can minimize their risk by splitting their investment amount between crowdfunding campaigns rather than investing all of it in one crowdfunding campaign. Professional investors often follow this strategy because it causes the risk to be distributed among several investments. In this way, successful investments can balance other less successful investments.

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