Lukayans Raised $4.3k of $312k Valuation in Equity Crowdfunding (Read More on Lukayans.com)
Raising Capital has its challenges but overcoming those complications is what Lukayans is all about, with Equity Crowdfunding. Shaquille Johnson, Internet-Entrepreneur and Founding Director of Lukayans raised $4,300,00 out of a $312,000,00 Valuation in October 2021 to fund a new division of the Company, Pop Shop.
'Pop Shop' dubbed Shop Depot, the Joint-Venture feature on the Lukayans platform as a means of access to ordering high-quality provisions at an intangible convenience for shoppers in the Capital.
The Project had been in development for quite some months as the aspiring Americanized-Bahamian Technologist set up an infrastructural gateway for customers using their favorite purchase options:
- Apple Pay
- Amazon Pay
- Ali Pay
- Venmo
- Cash App
- Google Pay
- Facebook Pay
- TikTok Pay
- Whatsapp Pay
Aside from the typical cash on pick up or delivery, Debit, or Credit, the platform has developed relationships with their thousands of end-users enjoying business articles and multi-media video content.
The funding will be directed into the eCommerce division of the company using its platform-embedded technology to service customers both residential and tenancy.
"Our Investors have entrusted us with their hardworking earnings for the continued success within our platform's next quantum leap in scalability and massive audience reach. This is a project I'm humbly thankful that some people still have the courage to join in on the initial phase despite most people reacting to the proposal many people figure is too risk-adverse".
Shaquille Johnson, Chief Business Development Officer of Lukayans
Crediting further appreciation to the company's Investors for the Crowdfunding campaign so that launching the innovative feature can be more accommodating for shoppers. The Investors who joined in on the crowdfunding campaign of Lukayans' Shopdepot is:
- CAMI, An upcoming Music Artist.
- Tony Forbes, An NFL Sportscaster.
- Dominique Hanchell, Exectutive producer, an ambitous screen-writer.
Did Lukayans Raise Money as the Only Internet Company based in The Bahamas?
There have been other businesses or acclaimed companies that are also crowdfunding as the term becomes more popularized for avid learning entrepreneurs and fund-raisers. Lukayans' Chief Business Development Officer told that the company doesn't hold any interest in any affairs outbound the business's best interest.
The Bahamas has been known for having a sustainable position with both the financial and tourism sector, however, the country hasn't shown any viable companies that are built and a newly established sector for the Bahamian economy.
The main issue in the market as the United States Government's Department of Commerce puts it, electronic commerce is highly expansive. Bahamian Consumers regularly shop online portals such as Amazon, eBay, even Walmart via credit card and Visa. Goods typically are shipped from Florida to a freight forwarding service that is also based within the Capital, Nassau.
Many Local companies do not provide online shopping, but maintina an interent presence through social media pages and a static website. Pharmacies, medical suppliers, hardware stores, and retailers, have either moved most of their business to existing e-Commerce platforms or introudced such platforms for business continuity".
The U.S. International Trade of Administration
Lucayans warehouse is based in New Providence, of the commonwealth of the Bahamas with a fulfillment center to service customers across the entire capital. The company has already acquired entry of a dedicated audience from +130 countries.
According to the Alexa Ranking, Lukayans website is amongst the top 40 most used websites with an excellent audience engagement. Similar Web and Semrush are also sources of Data analytics metrics for users on the platform.
WebRate is also a source of an analytical, statistical database that processes algorithms for valuation recommendations with website ranking metrics, which is a server-based technology.
Is There Any eCommerce Available in The Bahamas?
Currently, there are a few websites attempting to n
There is a multitude of payment gateways to access to provide online payment to purchase products directly off of the platforms of websites. There are creative solutions to offering these payment solutions, however, all financial affairs are invariable with the financial regulatory entities, Central Bank.
This has been an option for businesses taking an interest in eCommerce within the country but what most of the local businesses partake in is adding on superfluous steps for the business-to-consumer-to-consumer (B2C2C) model.
The Business Opportunity
Virtually lots of Small Island Developing States with economies still lacking infrastructure and integrated networks to communicate in electronic purchasing. OECD(Organization for Economic Cooperation & Development) reports SIDS stands at a critical juncture as they approach sustainable development.
The challenge countries like The Bahamas, Cayman Islands, Barbados, Saint Lucia, urgently need solutions and innovative directions to help pave their way for prosperity with their countries. The problem is especially the absence in the development of new ventures like animation productions, manufacturing, research & development (R&D), even newly developed divisions in finances - Blockchain.
OECD made recommendations in their reports for Developing countries to improve on their economies is:
- Joint Venture Financial Longevity
- Proof of Concept Modalities
- Sponsoring Diaspora Investment Forums
- Explore Debt Sustainabilities
- Low-Carbon Climate Resilience Expansion
- A commitment of Regulatory Framework with Economic Policies & Responsible Governance
The Blue Economy
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