Penpee-Uks Only Textbook Funding And Rental Platform For Students Pitch For £150,000 Investment On Crowdcube

Manchester (I-Newswire) November 22, 2011 - Penpee, the first and only Textbook Rental and Textbook Funding for Students in the UK, is pitching for £150,000 of investment for phase 1 funding to acquire used textbooks,conduct marketing and also to engage publishers in a strategic partnership.The entire pitch can be found at the business finance crowd funding platform http://www.crowdcube.com/investment/penpee-10455

Students can manage their funds much more effectively with this brand new textbook funding system, and save up to 80% on a textbook’s retail price by renting

In this time of economic downturn, government cuts and austerity measures are affecting every facet of our society. No demographic is left untouched as everyone from the very poor to those financially comfortable face difficulties during such financial times at present, and for the foreseeable future. From cuts to pensions and care for the elderly, to education and child benefit cuts, the whole nation is bracing itself for troubling times ahead.

Students are getting caught up in this too, with some university fees being multiplied in triplicate, compounded with general living and food costs going through the roof. It has never been more financially difficult to move away from home as it is now because costs keep mounting up, and there is always a new payment around the corner.

For students, those costs are just the half of it, as the vast majority of college and university courses feature extensive reading lists, which suggests need to purchase multiple different textbooks each semester. It may sound easily manageable in theory, but when the cost of all of these books is weighed up in total, it can amount to a sizeable portion of a student’s overall budget. Any financial relief for a student is always welcome, and this is where Penpee comes into the equation.

Penpee offers an innovative new approach in the industry of textbook rental and finance, combining the established idea of online book retail with the unique concept of a finance model. If a student has trouble affording to pay the entire amount for a vital textbook, they can set up an account on Penpee.com and create a wishlist, prioritising their choice of books. With the finance model, the student need just pay a small deposit, and can then spread the cost of the book over a prolonged period of time, whilst simultaneously using the book to study with.

The financial benefits of this system could make all the difference to those students who need vital textbooks for their course, but for whom money is short. Students can get started with a deposit as low as £3.99.Moreover, they are not subject to any credit checks. Penpee are also the first company in the UK to offer a textbook rental service, and can boast of savings of up to 80% off a textbook’s retail price when rented. Rental periods can be 45 days, 60 days, or up until the end of the semester, and the option to extend the duration is always available.

Those who wish to sell new or used textbooks are also encouraged to sign up to Penpee’s online community, as it is guaranteed that if a particular book is currently wanted by Penpee, a competitive offer will be made. An offer to invest is also available as anybody is given the chance to finance a textbook themselves through Penpee.com. There is a realistic chance that your investment would help fuel the next generation of graduates that will be vital to our economy as a whole.

Penpee, the pioneering textbook rental and funding service in the UK, is the ideal solution for today’s student, and with years of research in this particular field, they are in position to take a substantial portion of the UK’s emerging textbook rental and finance market. For any publishers wanting to get in touch with Penpee’s Publisher Relations department, please contact us below

About penpee:
Penpee is the first and only Textbook Rentals and Textbook Funding for Students in the UK. Penpee can be found at www.penpee.com. Penpee aims to finance student textbooks through a particular financial arrangement, aside from a one-off lump sum that a student would find difficult to afford.

Company Contact Information
penpee
Penpee ltd
One central park
Manchester, UK
m40 5bp
Phone : 07798626128