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General Information

Websitecrosswarranty.com
CategoryConsumer Electronics/Devices
Phone+38 067 236 34 63
Emailandrei.drobot@cro...
Employees11
Founded2012
DescriptionOne universal worldwide warranty card fo

Offices

New York office
224 W 35th Street Suite 710A New York
New York City, NY, NY 10001
USA

People

Founder, VP
CEO
Chief Operating Officer

Funding

VENTURE FUNDING
Angel, 4/2013
Confidential information
$50k
Angel, 8/2013
Confidential information
$150k

Tags

CrossWorld Warranty

СrossWorld Warranty (incorporated in Delaware, the US) in one sentence is “one universal worldwide warranty card for any warrantied products you ever buy”

CrossWorld Warranty allows retail consumers to register a warranty on any product electronically for free; for manufacturers to centralize and outsource warranty registration and administration in a paperless process CrossWorld Warranty will unlock potential of significant cost-savings for manufacturers of warrantied consumer goods and make consumer experience easier for people around the world.

CrossWorld Warranty offers its services to manufactures of any warrantied products.

Currently, CrossWorld Warranty is looking for investors/partners for development of the software system. Investment volume required for 2013 is USD 2 mln. A co-investor is required currently.

CrossWorld Warranty is a unique, and patented solution with a first mover advantage that’s creating an entirely new market of warranty registration and administration Worldwide patent search was completed by World Patent Bureau in Geneva in June 2013. A patent was received in Ukraine in June 2013; international patents pending worldwide. CrossWorld Warranty will facilitate purchases by automatization of warranty registration at retail stores and/or online and providing line of additional bonus services. Cooperation with CrossWorld Warranty will allow manufacturers to solve warranty registration and administration issues, radically cutting warranty registration, administration and claims expenses, obtaining immediate sales statistics and consumer profile information through online interface.

Volume of world sales of consumer electronics, the most warranted products sold (USD ~1 trln USD (3.7 bln units, 2012) is forecasted to grow at CAGR ~10% (in units) – making market of warranty registration in consumer electronics ~3.7 billion transactions. Other warrantied consumer segments include: DIY products, machinery of any kind, jewelry, clothes, medical devices.

The majority of manufacturers spend up from 0.5 to 2 USD per item for warranty registration, administration & handling, in some cases up to 10 USD / item.

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CrossWorld Warranty screenshot
Above: Tech Solution overview
Uploaded: 8/27/13

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Last Edited 12/16/13

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