Donegal Entrepreneur is Raising Funds for Global Expansion
There’s no stopping Jenni Timony from Donegal Town!
Her fast-growing and highly profitable e-commerce business, FitPink, which is focused on the lucrative leisure-wear market for women, has had a phenomenal first two years in business.
Launched in July 2019, FitPink sold €470,000 worth of goods last year and generated a Net Profit of €70,000. This year, it is on target to sell a whopping €1.3m worth of goods and make a Net Profit of €240,000.
Now, for the first time, Jenni is raising funds to accelerate the already impressive growth rates of the business. She is raising €300,000 from small to medium sized investors on the Spark Crowdfunding website and has already raised over €167,000 in the first two weeks of the campaign.
To date, the company has received over 2,000 positive product reviews on its website and has built a database of over 10,000 online customers.
This is a unique and exclusive opportunity to invest at the very early stages of a business experiencing very high growth rates and with global expansion plans.
40% TAX REFUND FOR IRISH INVESTORS
An added incentive for Irish taxpayers is the very attractive 40% Tax Refund on amounts over €250 that are invested in FitPink, due to the fact that FitPink is an EIIS qualifying company. What this means is that an investment of (say) €1,000 only costs the investor a net amount of €600 as the investor can reclaim €400 in the form of a tax refund.
FORMER ENTREPRENEUR OF THE YEAR FINALIST
The company founder, Jenni Timony, is a highly experienced entrepreneur and has previously managed the Enterprise Ireland New Frontiers Programme in the North-West of Ireland. She is also a former Finalist in the prestigious EY Irish Entrepreneur of the Year annual awards.
HOW TO FIND OUT MORE ABOUT INVESTING IN FITPINK
You can watch a short video about FitPink by clicking here: https://www.sparkcrowdfunding.com/campaign/fitpink
HOW TO INVEST IN FITPINK
58 other investors have already invested in FitPink, in amounts from €100 upwards. If you would like to invest in FitPink you need to first register as an investor on the Spark Crowdfunding website. This is free and takes less than 2 minutes. You can register by clicking the green button here: https://www.sparkcrowdfunding.com/
Once you have registered as a member, you simply click on the FitPink campaign and enter the amount you would like to invest. Investors pay no fees or commission to Spark Crowdfunding. The minimum investment amount is just €100. Amounts less than €5,000 can be paid by Debit Card. For amounts above €5,000 you will be sent a link to make the direct bank transfer through Stripe.
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