Fairphone asks users to become shareholders

Jul

18

2018

through investment
Dutch smartphonemaker Fairphone, which aims for a ‘fairer’ smartphone, asks users to become shareholders through a ‘convertible loan’, which allows users to buy shares in the future investment round.

Users can invest between 250 and 5000 euros per person, according to the campaign page . With this, Fairphone wants to raise between 1 and 2.5 million euros. The company wants to use that money for the development of future models. The most recent smartphone is the Fairphone 2 from the end of 2015. That is conscious; The company wants users to do long with a smartphone, among other things by releasing few new phones and by making many parts modular, making the device easy to repair and upgrade .

The investment of users is not the only money that Fairphone needs, according to the investment sheet . The money that the company now has is enough for a year, but Fairphone wants to borrow more money from a bank.

In addition, Fairphone will have the next telephone made by another manufacturer. The upcoming model will also be ‘less complex’, so that the risks of hardware defects in manufacturing will be smaller. At the time of writing, the campaign has 88 investors, who together put 230,000 euros on the table, almost a quarter of the minimum desired amount.

Fairphone 2 product photos

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