Our team wanted to create a consumer retail solution using an angle involving the Bloomberg API by taking advantage of the wealth of information offered by their proprietary platform. We decided we wanted to provide more liquidity for insolvent consumer retail companies whilst exposing deals to consumers through a different avenue. Generally speaking, we noticed that when retail companies filed for bankruptcy, they usually liquidated their inventory through retail outlets at steep discounts. Tingo informs consumers about companies going under within their geographical location so they are positioned to take advantage of deals that they might not be cognizant of. Delivering more exposure to said companies also inherently provide more liquidity and we believe that’s what they call a win-win.
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