The reveal - It's a Deal!
July 19, 2019 - So here it is, dear friends - we are proud to announce that Munich Members is founding partner of the venture It's a Deal GmbH - the platform for Venture Capital investments in start-ups in developing and emerging countries. As Munich Members has developed over the last two years, we begun to look more and more into creative projects and innovations from entrepreneurs in Ghana, Ethiopia, Pakistan and Chile, to name just a few. Even though we started to promote these creative professionals and entrepreneurs, integrate them into projects and connect them with European investors from our Munich Members network, many legal and structural restrictions stood in the way that mostly resulted in long discussions and hours at law offices, not really leading the entrepreneurs, the investors or us to the final stage of investing in the project itself.
We came to the conclusion that it's important not to limit the efforts of Munich Members to matchmaking and project implementation alone, but to actually develop a product that enables investments to be made via a platform that both, investors and start-ups, trust: the FinTech platform It’s a Deal.
Our goal is to match start-ups and investors after in-depth analysis and not stop until the investment is made! We go the extra mile to embed these matches into a secure and highly advanced FinTech platform that meets the needs and requirements of both parties. To achieve this, we have on the one hand developed an unique investment cycle and on the other won local start-up incubators in various target countries to assist us with quality analysis.
Two very happy founders! (On the right) Dr. Klaus Peter Follak, CFO, and Philomena Poetis, CEO, of It's a Deal GmbH, a Munich Members GmbH venture.
After the official launch of It's a Deal GmbH yesterday, we are now working on our first MVP, which brings all the pieces together.
We are so incredibly proud that this project emerged from Munich Members because it shows so perfectly what we do all day long. Problem solving by bringing creative professionals together with experienced companies, defining a common strategy and accompanying the project for the benefit of all. But we need partners:
We feel particularly honoured that Dr. Klaus Peter Follak joined our It's a Deal team as co-founder and CFO. Peter has been an expert in finance, banking and transactions, including all regulations, for over 30 years. He holds numerous degrees and sits on various committees, e.g. on topics such as International Monetary Law, and is our It’s a Deal mastermind behind LLCs, SPVs and Asset Backed Securities. (Let me tell you, I have learned so much over the last months.)
What is the task of Munich Members, you ask? We will do what we do best: give the right people the access they need and keep it all together. This is our biggest project to date and we love the social impact it holds:
Start-ups from emerging markets are given business opportunities at eye level through the presentation of their extraordinary innovations and ideas, and can thus generate income and profit, with which they can create jobs in their respective countries. Investors, on the other hand, can enable and accelerate innovations that address global challenges, such as energy and water conservation inventions and digital healthcare. In addition, with It's a Deal and Munich Members we promote the worldwide exchange of entrepreneurial knowledge, which is no longer restricted to communities in Silicon Valley, London and Berlin. Let's go for Lahore, Karachi, Accra and so many more!
May we introduce to you: the founding partners of It's a Deal GmbH! Dr. Klaus Peter Follak, Philomena Poetis, Patricia Poetis (CEO of Life Fund Equity Invest) and Dr. Hanspeter Maute.
We believe that this project is the perfect add on to the range of services we are trying to implement for our Munich Members everywhere, and we believe that this product will bring our worlds and members around the globe even closer together - through creativity and technology.
These past few months were super exciting with sleepless nights and endless working days, but we couldn’t be happier with what we have achieved.
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