NewPath is building the dominant marketplace and b2b2c distribution network for refurbished phones using patented instalment finance technology.

Revnues of 8x in 2021 to a £6 million revenue run rate in Q4 ’21.

NewPath is building the dominant marketplace and b2b2c distribution network for refurbished phones for underserved markets and customers. This is coupled with a US patented instalment finance solution which can gradually reduce the functionality of a smartphone if payments are late. This technology helps to de-risk device financing for higer risk customers, particularly in emerging markets and middle income markets.

NewPath grew 8x in 2021 from a £750k annualised revenue run rate in 2020 to a £6 million annualised revenue run rate in December 2021 with 2022 on course to deliver significant growth compared to 2021.

We have raised over £1 million in equity funding during the summer under the EIS scheme and the company is backed by venture capital firms such as Downing Ventures and Force Over Mass Capital.

We secured the US patent in 2021 on instalment finance technology and have filed patents in many jurisdictions.

NewPath has also grown quickly in Europe via it’s b2c brand Gettech and has worked with the United Nations and USAID to rollout their solution in a number of emerging markets. Globally there’s over 950 million people who can’t afford a $70 smartphone but they could afford one on an instalment finance plan, so the market opportunity is significant.

Key USPs versus peers:

* Instalment Financing
* Patented Technology
* Geographic Focus
* B2B2C Offering.
* EIS Scheme

Our closest peer

Our closest peer is a refurbished phone marketplace focused on developed countries valued at $5.7bn where France makes up c 40% of their revenue.

Newpath has leading British VC firms as investors and a well-known family office which owns 2 emerging market telecom investors, a bank and a handset distributor. NewPath’s angel investors have been Board Directors of some of the largest telecoms operators globally reaching over 1.5 billion people.

The management team have significant expertise in the telecoms sector; NewPath’s Founder and CEO successfully bootstrapped a telecom business which grew to 4 million users and NewPath’s CTO was previously CTO of the Caudwell Group which owned Phones4u which later sold Singlepoint to Vodafone to £405 million.