Striving for 20 years, just to light the new life's of old computers<br>20年,只为点亮旧电脑的新生命

RM 1,330,000
Investors 63
Minimum Investment RM 500,000
Funding Goal RM 1,500,000
Funding Period
10/02/2020 - 09/04/2020
Funded Successfully

Buynow

As the popularity of personal computers rises, the increased in hardware problems follow suit. A rise in concerns such as limited warranty period, high maintenance cost and high upgrading cost becomes a burden. We learned the growing problem of digital junk due to the popularity of computers.

 

To resolve these, Buynow launched its Smart Rental Program; whereby "it’s more affordable to rent than buy", targeting to eliminate all the above-mentioned pain points. Furthermore, it helps save users 37% of the cost.

 


My Story 
A Computer Refurbisher Expert

 

I am Joshua Chin, a Taekwondo 5th Degree (Or Dan) Black Belt, MALAYSIA’S 2X Gold Medalist in ITF WORLD CHAMPIONSHIP, A Member of the XMEN CEO Peer Coaching Group, and also the Former Deputy President of the Ice-Skating Association of Malaysia (ISAM).

Allow me to share with you my 20 years of experience in running my company, Buynow.com.my 

 


 

I founded Buynow, a company which manages buy and sell of refurbished second-hand computers in 1999. All second-hand computers are reborn here again, serving the next owner in a new way.

Our target customers were from the lower to middle income group. Their requirements of computers were mainly for daily office work, and a refurbished computer is more than sufficient.

 

 

My business was booming and in 2002, we secured a RM2,000,000 financing from banks and set up the first branch. Thereafter, we continuously progress and finally set up 12 branches all over Klang Valley, Penang, Ipoh, Kota Bharu and Terengganu, and some kiosk throughout Malaysia.

Unfortunately, our secondhand market crashed in 2006, when Taiwan Brand Acer launched its first affordable NEW Centrino Laptop. The entire second-hand computer market was shaken as a result of the launched.

Prior to the launch, a branded new laptop cost around RM3000 & above. So the second hand market had a good margin then. However, with the new launch of the Acer Centrino Laptop priced at RM1700, it basically wiped away our margin. The price and sales of second-hand computers were drastically affected as there were no margin for repairs and refurbishing works.

In view of what's happening, I then made a prompt decision to close all the branches and clear my existing inventory to minimize stock losses. Nonetheless, during this tough period, we continuously commit to help the underprivileged. We worked with Microsoft USA to do some CSR. We implemented "One Home One PC" in remote rural areas - a project that allows computers to be purchased by installments without going through personal financial status review.  The Microsoft Team flew in to visit the underprivileged and that made a name for Buynow, the FIRST Authentic Refurbisher from Microsoft.

 

 

After going through this difficult period, the entire secondhand market finally restored the balance of the price of second-hand computers and we develop some new directions. In 2007, I started doing secondhand computer wholesale in East & West Malaysia. Shortly after, with the rise of e-commerce, we joined the ranks and became the First company to sell the most second-hand computers online.

Around three years later, the wholesale market shrank, and we began our Short Term Computer Rental Service. With only a day notice, we can mobilise the computers to the destination and with installation within 24 hours. We are that fast and convenient. In a short period of time, we accumulated accounts from training companies and large enterprises as customers.

 


 

In these 20 years, Buynow have transformed and created our market share thru retail store, wholesaler, e-commerce and short-term rental service based on our sense of agility of the market and powerful resources. This clearly shows how we can quickly respond and act flexibly to various changes and stand firm in our beliefs.

Ensuring that more can enjoy the convenience of computers in an affordable way has always been Buynow's goal. We are proud to be the first company in Malaysia to receive Microsoft Authorized Refurbisher Program, allowing our customers to enjoy the use of genuine software.

Buynow is also the only company in Malaysia that has successfully established cooperation with 12 banks to allow users to purchase second-hand computers by Credit Card Installment. Buynow further worked with banks on their Credit Card Installment Flyers as well.

As we profoundly learn the growing problem of digital junk due to the popularity of computers, we discovered that in general the following pain points, ie - limited warranty period, high replacement cost, decrease in computer performance, and idling of old computers after replacement.

 


My Project
It’s more affordable to “RENT” than “BUY”

 

Since all the pain points come from "buying a computer", We at, Buynow launch our Smart Rental Program “It’s more affordable to Rent than Buy”. With only a monthly rental fee from as low as RM59 (different package options are available according to requirements), you can enjoy the computer with ZERO/FREE maintenance for 2 years.

 

 

In other words, this program takes away the pain points of no warranty, high parts replacement and idling computers. Instead it is replaced with a hassle-free user experience.

All you need to do is to download the Smart Rental Mobile App.This would easily process the computer rental, payment, delivery, maintenance appointment and so forth saving time and effort.

At present, computers in the market can be divided into Business Tiers Computers and Personal Computers. Business Tiers Computers have higher specifications and performance than personal computers and their prices are much higher too. The second-hand computers refurbished by Buynow are Branded Business Tiers Computers, such as Lenovo, HP and Dell.

 


 

At Buynow, every second-hand computer goes through 128 data clean-up to protect the information security of the previous user. At the same time, we check each part and replace it if necessary, to ensure quality experience for the subsequent user.

 


 

Our Smart Rental Program saves user’s time and offer convenience. It reduces personal and business costs. Rather than buying a new computer, the rental program can save at least 37% of the cost; this is especially obvious for enterprises.

Food for thought, imagine if a company needs to purchase 100 additional computers, each new computer is about RM3,000, then the total amount for 100 computers amounts to RM300,000. With our Smart Rental Program, with a monthly of RM79 package, it will cost RM948 a year, and the total outlay cost of 100 units is only RM94,800.

In addition, Buynow also provides a Repair Program for users who have their own computers with no manufacturer's warranty. For only RM15 a month, they can enjoy our “Peace Of Mind” Repair Service. Such favorable prices may be unimaginable to others, but it is definitely within our ability as we have rich resources for refurbishment and repair.

It is important to note that Buynow is the ONLY company in the market that offers Unlimited Warranty Service and it is partnered under "Microsoft Authorized Computer Update Partner Program".

What do we do after the computers come back after 2 years? We believe in giving back and Buynow plans to donate the computers collected back from renters and furnished the poor families with computers that come with technical assistance so that they have a chance to stay in sync with time.

Few months ago, our Smart Rental Program have started its test run and had a great response. Buynow have successfully climbed the finalised of the top 10 companies in [email protected] Cloud Startup Contest Malaysia 2019 (Kuala Lumpur Division) and Pitch @ Selangor 2019.

 


 


Why Crowdfunding?
Started a Based in Malaysia but creating/advancing to Southeast Asia

 

Buynow have sold more than 100,000 computers since 1999.

Presently, our Team comprises of 18 people and we have 200 dealers in Malaysia. The annual turnover is between RM4 million and RM7 million.

 


 

We will officially launch Smart Rental Program in March 2020.

The kickstart will be in Klang Valley and thereafter expand to cover the whole East and West Malaysia. 

For this purpose, crowdfunding is initiated, and everyone is invited to join us to complete this pioneering work in this Refurbishing Secondhand Computer industry. While offering affordable high-quality service to more users, we can play our part in reducing digital waste.

Thereafter, we will enter Southeast Asia Market. According to data from consumer survey company GFK, computer sales in Southeast Asia have steadily increased by 6% every year, showing the increasing demand for computers. Considering lower GDP countries such as Vietnam, Cambodia, Laos and Myanmar, our Smart Rental Program has its unlimited potential.

In future, we plan to extend our touch to 3C products and become experts in the integration of second-hand 3C resources.

For 20 years, Buynow is focused to move forward to help all, whether you are a business owner, a student, a single mom, a hawker stall or a small start up, etc. We will strive to become better and provide more with better service. We are privileged to have you as part of us to experience the joy of running on a broad and open road (brilliant future prospect) with us!

 


Team 


Term Sheet 


Founder Pitch Deck 

在个人电脑普及化的今天,
许多人在购买电脑后,
都会面对保修期有限、维修费高昂、更新成本高等问题。
为此,Buynow推出 “租比买更实惠”方案,
除了将上述痛点一网打尽,
还能为用户省下37%的开销。

 


我的自述
二手电脑专家

 

我是Joshua陈东霖,是一名曾获得2次世界冠军的跆拳道黑带五段选手、XMEN总裁智囊团的一员,也曾担任大马溜冰协会副主席。
 

但我最想告诉你的是,我的公司Buynow.com.my今年20岁了!
 


 

1999年, 我成立了Buynow,一家经营翻新电脑买卖的公司。在这里,所有的二手电脑得以重生,以新的姿态服务下一任主人。
 

我们锁定的客户群为中低阶层人士,他们对电脑的使用要求大多为日常办公,而一台翻新后的二手电脑,就非常足够。
 

生意经营得十分顺利,在2002到2006年间,我先后从银行获得了RM2,000,000的融资,并在2002年开始了第一家分店。随后如日中天,陆续开设了12家分店,遍布雪隆区、槟城、怡保、哥打巴鲁、登嘉楼等地,并在全马各地都有零售小摊位。
 

2006年,Acer Centrino手提电脑问世,整个二手电脑市场因此受到了震荡。
 

在这之前,一台全新的手提电脑至少要价RM3000,而一台全新的Acer Centrino的价格是RM1700,只比二手电脑高出了几百令吉,二手电脑的价格与销量直接受到了冲击。
 

我当机立断,关闭了所有分店,亏本出清现有存货,力求将损失降到最低。
 


 

度过了这一次的难关后,随着二手电脑的供应价调低,整个市场也恢复了平衡,公司也找到了更好的发展方向。2007年,我开始将二手电脑批发到全马各地,不久后,电子商务兴起,我们也加入了行列,成了最早在网上售卖二手电脑的公司。
 

又过了两三年,批发市场开始萎缩,我们开始提供电脑短期租借服务。只需提前一天预约,我们就能在24小时将电脑送到目的地并完成安装,非常方便,许多培训公司与大型企业都是我们的常客。
 


 

Buynow的20年,从连锁、批发、电子商务,到短期租借服务,基于我们对市场的灵敏触角与强大资源,总能灵活应对各种变化,站稳脚步。

 

让更多有需要的人,能以可负担的方式享受电脑所带来的便利,一直都是Buynow的目标。我们很荣幸成为全马第一家获得 “微软授权电脑更新伙伴计划” (Microsoft Authorized Refurbisher) 的公司,让我们的客户,都能享用正版的软件。
 

Buynow也是全马唯一家成功与12家银行建立合作,让用户以信用卡分期付款的方式购买二手电脑的企业。
 

与此同时,我们深知还有许多没有信用卡的贫困家庭,没有办法购买电脑。因此,我们也曾与微软合作,到偏远乡区推行”One Home One PC” —— 一个无需经过个人财务状况审核,即能以分期付款购买电脑的项目。
 


 

深耕二手电脑市场多年,Buynow已成了市场领先的二手电脑专家。我们深刻地体会到,因电脑普及而日益严重的数码垃圾问题。

同时,我们发现一般电脑买家,都面对着以下痛点——

保修期有限,之后需要自己承担维修费;

维修费用高昂;

电脑的性能是递减的,使用2-3年后,若想更换电脑,成本高;

更换电脑后导致旧电脑闲置。
 


我的项目
“租”比“买”更实惠

 

显然,这一切的痛点都源自“购买了一台电脑”;所以,Buynow 推出“租比买更实惠”方案,每月只需支付RM59-RM99(可依据需求选择不同配套)的租借费,即可享有电脑使用权、免费维修、2年免费换机的服务。

 


 

换言之,这是一个“包用、包修、包换”的方案,用户再也不需要为有限的维修期、高昂的维修费、电脑速度与性能变差而烦恼,取而代之的,是无忧的使用体验。
 

用户只需使用Buynow的手机应用程序,就能轻松完成电脑租借、付款、维修预约等事项,省时省力。
 

目前,市场上的电脑可分为商务电脑 (Business Computer) 及个人电脑 (Personal Computer),商务电脑的规格与性能比个人电脑更好,售价也更高。而Buynow所翻新的二手电脑都是名牌的商务电脑,如Lenovo、Dell、HP等。
 


 

在Buynow,每一台二手电脑都会经过128次的数据清除工作,以保障前一任使用者的信息安全。同时,我们也会检查各个部件,并在必要时进行更换,以确保下一任使用者的优质使用体验。
 


 

“租比买更实惠”方案不止为用户省去时间、提供方便,还降低了个人与企业的成本。比起购买一台新电脑,租借方案能节省至少37%的开销,这对企业而言尤其明显。

 

试想想,一家公司若需添购100台电脑,每台新电脑约RM3,000,那100台电脑的总金额是RM300,000;若使用了我们的“租比买更实惠”方案中的每月RM79配套,一年所需的金额为RM948,而100台的总开销仅为RM94,800。
 

此外,Buynow也为拥有自己电脑的用户提供 “维修保险”,每月只需RM15,就可享用我们的免费维修服务。如此优惠的价格在其他人看来或许不可思议,但对拥有丰富翻新与维修资源的我们来说,绝对是力所能及之事。
 

值得一提的是,Buynow是市场上唯一一家提供无限保修服务,同时还是“微软授权电脑更新伙伴计划”的公司。
 

与此同时,Buynow计划将租借者使用2年后换机时所收回的电脑,捐赠给贫困家庭,并提供技术援助,让他们也有机会使用电脑,不与时代脱节。
 

目前,“租比买更实惠”方案已经开始试跑,口碑颇佳,并成功以此方案,成为2019年阿里巴巴全球诸神之战创客大赛(吉隆坡赛区)十强企业,及2019雪州综述技巧竞赛([email protected] 2019)八强企业。
 


 


为何发起
立足大马 前进东南亚

 

从1999年至今,Buynow已售出至少十万台电脑。
 

目前,我们的团队共有14人,在全马拥有200名经销商,每年的营业额在RM400万到RM700万之间。
 


 

我们计划在2020年3月正式启动“租比买更实惠”方案。
 

我们将从雪隆区开始,然后扩及全马。为此展开众筹,邀请各位人士加入我们的行列,共同完成二手电脑界的这项创举,在为更多用户提供可负担的优质服务之余,还能为减少数码垃圾尽一份力。
 

随后,我们将进军东南亚市场。根据消费者调查公司GFK的数据显示,东南亚地区每一年的电脑销售额都以6%稳定增长,显示了人们对电脑与日俱增的需求,考虑到越南、柬埔寨、老挝、缅甸等GDP较低的国家, “租比买更实惠”方案潜力无限。
 

未来,我们计划将触角伸展至3C产品,成为二手3C资源的整合专家。
 

20年来,Buynow一路奔跑,从不减速。我们将持续前进,欢迎您的加入,与我们一起享受在康庄大道上奔驰的喜悦!

 


团队


Term Sheet 


Founder Pitch Deck

Investor Sharing - Lim Wei Chong

April 09, 2020
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Investor Sharing - Ann

April 09, 2020
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Investor Sharing - Susan

April 09, 2020
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Investor Sharing - Menns

April 09, 2020
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Oriental News - March 2020

March 21, 2020
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Early Bird Investors Package Introduction

February 21, 2020
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RM1,000
56
Investors

    Thank you for investing in us! You will also receive this share:

    • Type of share: Ordinary

    • Number of Share: 1,000

    • Price per share: RM1.00

     

    Additional rewards:

    You will receive RM150 value to redeem for computer services.

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RM3,000
9
Investors

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    • Type of share: Ordinary

    • Number of Share: 3,000

    • Price per share: RM1.00  

     

    Additional rewards:

    You will receive a free rental contract worth RM708. And also, you will get 1 personal computer or notebook usage for 1 year. 

    RM59 x 12 mths = RM708

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RM5,000
14
Investors

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    • Type of share: Ordinary

    • Number of Share: 5,000

    • Price per share: RM1.00

     

    Additional rewards:

    You will receive a free rental contract worth RM1,422. And also, you will get 1 personal computer or notebook usage for 1.5 years. 

    RM79 x 18 mths = RM1,422 (28.44%)

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RM10,000
5
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    • Number of Share: 10,000

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    Additional rewards:

    You will receive a free rental contract worth RM3,792. And also, you will get 2 personal computers or notebook usage for 2 years. 

    RM79 x 24 mths x 2 =RM3,792 (37.92%)

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RM30,000
0
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    • Number of Share: 30,000

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    Additional rewards:

    You will receive a free rental contract worth RM11,376. And also, you will get 3 personal computers or notebook usage for 4 years. 

    RM79 x 48 mths x 3 = RM11,376 (37.92%)

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RM50,000
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    • Number of Share: 50,000

    • Price per share: RM1.00

     

    Additional rewards:

    You will receive a free rental contract worth RM23,700. And also, you will get 5 personal computers or notebook usage for 5 years. 

    RM79 x 60 mths x 5 = RM23,700 (47.4%)

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    Extra 4% = 40 shares

     

    Thank you for investing in us! You will also receive this share:

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    You will receive RM150 value to redeem for computer services.  

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    You will receive a free rental contract worth RM23,700. And also, you will get 5 personal computers or notebook usage for 5 years. 

    RM79 x 60 mths x 5 = RM23,700 (47.4%)

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RM324,000
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Disclaimer by Securities Commission

  • 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.
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