WHIZZL

SUMMARY VIDEO

COMPANY DETAILS

SUMMARY

• Whizzl was co-founded in 2018 by Dato’ William Chan and Ken Wong
• Our vision is to redefine current feedback and rating system by using Blockchain Technology to eliminate fake accounts
• Whizzl combines the 'social experience' with feedback to encourage users to give information and reviews while having a similar experience as they would have on other types of social media. This is combined with a host of business management tools within the platform that allow easy data management and lead to service improvement
• It allows users to post feedback using the simple 4R process - Report, Respond, Resolve, and Rate
• As of early November 2020, more than 30,000 users have registered for Whizzl with an average of 20% growth each month.
• More than 1,900 communities and locations have been created
• Our clients include property management companies, business owners, schools, and NGOs
• Whizzl was awarded Top 4 in Crypto Valley International Real Estate Competition 2019 in Switzerland
• Premium Qualified Start-up Award by Microsoft for Start-ups
• Top 100 Start-ups by Maxis Market Access Day 2019

PROBLEM

Feedback and ratings play an important role in consumer purchase decision-making processes. The problem with current feedback and rating systems they are often manipulated by fake accounts.

Fake reviews have been acknowledged as a critical challenge by both research communities and the e-commerce industry. Despite the commitment of review platforms to combat fraud, the percentage of fake reviews is estimated to be around 15−30%.

SOLUTION

Transparency

To prevent fake reviews, Whizzl makes the whole process transparent, from feedback to ratings and only rapporteurs can rate vendors. The process is divided to four phases: Open – In Progress – Request Close – Closed & Rate.  

Blockchain Technology

The whole process is Blockchain-enabled, so all users can view the feedback and rating process, and understand its progress and how the vendor acquired the rating.

Genuine Geo-Tag Photos

This feature greatly reduces fake feedback for an organisation, preventing users from simply uploading photos from albums or websites. Photos taken with the Whizzl in-App camera have stamping which can be viewed by any given community Admin for clarification purposes. Also, Admin can easily track feedback locations instantly.

Rating Calculations

Ratings in Whizzl will be calculated based on several factors such as time taken to respond, time taken to resolve etc. This data, together with rapporteur’s own rating, ensures a credible and reliable reputation system available for viewing by all users.

PRODUCT

Whizzl E-zy

This is the default setup, free for all users when they download Whizzl. 

Whizzl Pro

This is created for property managers to manage properties and buildings more effectively.

Whizzl X-Cell

This is more suitable for business owners who wish to manage customer feedback and appointments more effectively.

TRACTION

As of 31st August 2020, Whizzl user traction has grown steadily at an average of 20%. The increase of communities and locations also indicate that more users are forming their own communities/locations for better communication.

The audited revenue in FYE2019 is RM 803,897. 

*Revenue in 2019 is a one-off project basis to provide solution to a company, revenue earned in audited accounts is not attributable to the business as pitched

Due to the Covid pandemic, we’ve projected the revenue will start to increase exponentially in 2022 in relation to our expansion into the global market. 

CUSTOMER

Our customers consist of property management companies, business owners, schools, and NGOs. Featured below are some of our notable customers and partners:

BUSINESS MODEL

Our business model includes in-app advertisements, premium services, verification of official accounts as well as a commission per transaction on the service marketplace.

MARKET

Our target markets for the first phase expansion are mobile social media users in Malaysia, Australia, Singapore, and Thailand.

COMPETITION

Although there are a few review platforms on the market, Whizzl is the pioneer integrating a social experience together with a feedback channel, which is also blockchain-enabled. 

VALUE PROPOSITION

Most current feedback/review platforms focus more on the business sector, neglecting the residential sector. This is where Whizzl comes in filling this gap by focusing on helping both sectors as residential areas are the heart of every community.

VISION

Whizzl aims to raise RM 500K to RM 2.5M to continue our growth and development. The funds will be mainly utilised in R&D to develop more comprehensive technologies, followed by marketing and business development to create brand awareness, thereby strengthening our team and expansion throughout Malaysia and Australia.

Whizzl has already gained an international presence by launching in Australia with the support of Bayswater & Beyond Chamber of Commerce. Australia’s acceptance is a validation that Whizzl will be accepted in Western culture which will boost our expansion into the global market in the near future.

INVESTORS

Whizzl was co-founded by Dato’ William Chan and Ken Wong who invested RM 1,200,000 in total. Datin Sharon, one of the shareholders of the company, is Dato’ William Chan’s spouse. In early 2020, Whizzl received funding from New Era Capital Partners, an Early - Growth venture fund, Goodhope Century, Regalworth, and TC Earth Solution.

TEAM

Dato' William Chan (Co-Founder & Chairman)

• 13+ years in online gaming business platforms
• Experience in founding, scaling and exiting businesses
• Founder of MyCNX Holdings (M) Sdn. Bhd. (MMOG.asia platform)
• In 2014, MOL Global acquired MyCNX Holdings (M) Sdn. Bhd. and MOL Global has successfully listed on NASDAQ

Ken Wong (Co-Founder & CEO)

• 20 years in software development, computer system design and data processing facilities management
• Created, designed and implemented tech solutions for new enterprises as well as corporates
• Former founder of Petrosource Multimedia Sdn. Bhd., Friendster ICafe Sdn. Bhd. & KLPROP Management

Albertt Leong (CSO)

• 16 years in creative advertising agency
• Pioneers in desktop publishing and digital printing in Malaysia
• Founder of ALT Advantage Group, a one-stop creative solution agency, providing a broad range of advertising & promotion services to multinational corporations
• Founder of gosportz.my, which focuses in sound, lighting & staging services and sports marketing
• Founder of ces2u.com, a one-stop event solutions company

Francis Hor (CTO)

• 18 years in large-scale software design and development for telco, online gaming, social networking and mobile commerce.
• Extensive experience in cross-platform software development and specialises in high performance web application design, database & web services scaling, server virtualisation & cloud based architecture, and telecommunication, messaging & iSCSI protocols

Julia Buchholz (CMO)

• 15 years in business development, digital marketing, advertising and big data monetisation within the media and technology industries
• Julia has strategised and executed high volume marketing campaigns and advised Blockchain start-ups from idea to multimillion dollar successful funding
• A passionate networker based in Australia, she is actively driving Whizzl Australia and preparing the platform launch for western country markets
• Regional co-chair of FIBREE (Foundation for International Blockchain and Real Estate Expertise)
• Co-founder of TecStack Pty Ltd and Emergency Response Alliance Pty Ltd, a technology designed to reduce response time in emergencies

PRESS

Bayswater and Beyond Chamber of Commerce releases COVID-19 app. Perthnow. https://www.perthnow.com.au/community-news/eastern-reporter/bayswater-and-beyond-chamber-of-commerce-releases-covid-19-app-c-979940

Whizzl helps businesses adapt to new normal - The Malaysian Reserve. https://themalaysianreserve.com/2020/06/23/whizzl-helps-businesses-adapt-to-new-normal/

Whizzl offers free business visitor management system solution – The Edge Market. https://www.theedgemarkets.com/article/whizzl-offers-free-business-visitor-management-system-solution

Whizzl bantu peniaga berhadapan wabak COVID-19. Utusan Borneo Sabah. https://www.pressreader.com/malaysia/utusan-borneo-sabah/20200605/282071984126699

【极客】社群通讯及时反馈 Whizzl. Oriental Daily. https://www.orientaldaily.com.my/news/rwf/2020/06/25/348106?fbclid=IwAR0THPYFqbjoeEuW5B4-6GZ8OXZ_LlF5wohhZTAHizeOZfxcMDzM-aP3w2I

DISCLAIMERS

• No shares will be allotted or issued based on this document after six months from the closing of the offer period.
• This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007.
• This document has not been reviewed by the Securities Commission Malaysia. The Securities Commission does not recommend nor assumes responsibility for any information including any statement, opinion or report disclosed in relation to this fund raising exercise and makes no representation as to its accuracy or completeness. The Securities Commission expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information disclosed.