Okay Tasks

Okay Tasks Sdn Bhd (Okay Tasks), established in 2023, is a pioneering O2O cleaning platform connecting users with trusted service providers such as maid agencies and freelancers. Users can book doorstep cleaning services instantly, while providers earn steady income. Serving households, offices, hotels and homestays, Okay Tasks improves service quality and customer satisfaction, establishing itself in the cleaning services market with unparalleled convenience and reliability.

Investment highlights:

👍 Experienced management team with extensive experience in cleaning services business.
👍 Business expansion to 5 ASEAN countries (Singapore, Thailand, Indonesia, the Philippines, and Vietnam) by 5th year.

Pre-Live Campaign RM 125,000 raised

Min Target	RM 600,000
Max Target	RM 2,500,000

Find out more

Introduction

Okay Tasks is a platform for seamless and efficient doorstep cleaning services available anytime and anywhere. Our user-friendly app called Okaytasks.com simplifies the process of booking cleaning services, connecting you with trusted professionals at the touch of a button.

At Okay Tasks, we prioritise accessibility and empowerment. Whether you're a busy professional, a homeowner or a business owner, our platform offers a convenient solution to meet your cleaning needs easily. Additionally, Okay Tasks embraces the gig economy, providing cleaning specialists with opportunities to earn passive income.

What We Do

The Challenge

In today's fast-paced world, finding reliable cleaning services can be a major challenge for both households and commercial establishments. Additionally, local individuals and cleaning companies struggle to earn sufficient income and increase monthly sales.

Our Solution

Okay Tasks is revolutionizing the cleaning industry by providing a seamless connection between users in need of cleaning services and local cleaners, ensuring convenience and reliability. Whether you are a household, a commercial establishment or a service provider, our app is designed to meet your needs efficiently and effectively.

Okaytask.com App

How our App works?

Why Are We Different

Okay Tasks is a cleaning service that offers easy booking, on-demand service, a variety of cleaning providers, and a rating and review system. We aim to connect you with a suitable cleaning service provider quickly and efficiently through our AI matching system.

Our Revenue Model

Our Customer Segments

Our Market Opportunity

ot13 — *Source: Statista Market Insights for Household Cleaner Malaysia*

Highlights Malaysia Statistic

Revenue in the Household Cleaners market amounts to US$177.60M in 2023.
The market is expected to grow annually by 4.19% (CAGR 2023-2028).
Expected revenue growth in the Malaysia Household Cleaners market will hit the amount of US$218.10M in 2028.

This growth, combined with a per-person revenue of US$5.30 in 2024, indicates a strong demand for cleaning services. Additionally, the surge in demand for eco-friendly and sustainable products provides Okay Tasks with a unique opportunity to differentiate itself by offering environmentally conscious cleaning solutions, positioning itself to capture a substantial share of this expanding market.

Also, Airbnb's growth in Malaysia has been impressive, making it one of Southeast Asia's fastest-growing markets for the platform. Kuala Lumpur, in particular, is a popular destination that attracts many visitors. In 2018, the number of Airbnb listings in Malaysia increased by 60% year-over-year, and guest arrivals surged by 99% compared to the previous year (iProperty) (The Star).

This rapid expansion has created challenges for hosts in managing their properties, especially regarding cleaning and maintenance. As a result, there is a strong demand for reliable cleaning services (iProperty) (The Star).

Our Strategy

Our strategy focuses on enhancing online visibility through digital marketing and SEO, forming strategic partnerships, offering user incentives and loyalty programs, and expanding regionally. These initiatives aim to attract new users, retain existing customers, and ensure efficient, high-quality service across all regions.

Our Achievements

Okay Tasks began its journey in 2023 with the goal of making cleaning services more accessible and user-friendly. The company also aims to help cleaning companies and local individuals reach more end-customers

Over the past few years, our top management team has accumulated significant experience and built a solid customer base in the cleaning market. This provides a strong foundation for launching the Okay Tasks cleaning service platform in Malaysia.

Financial Forecast

Indicative Usage of Funds

The Team

Goi Hian Tiam (Tim Goi) | Chief Executive Officer

Goi Hian Tiam, age 39, is the Chief Executive Officer of Okay Tasks Sdn Bhd. He has over seven years of expertise in the cleaning services and labour supply industry. His exceptional leadership acumen has not only attracted major brands as clients but has also resulted in substantial revenue growth. His success lies in his ability to navigate the business landscape, evidenced by his astute money-making strategies and remarkable traction.

Experience:

2023 – Present
Founder & Chief Executive Officer of Okay Tasks Sdn Bhd
2022 - Present
Director & Chief Executive Officer of TS Maju Service Sdn Bhd
2020 - Present
Director & Chief Executive Officer of TG Management Global Sdn Bhd
2017 - Present
Founder & Chief Executive Officer of TG Agency Enterprise

Education:

Holmes Institute, Sydney
Bachelor of Professional Accounting

Chew Yong Tatt | Chief Finance Officer

Chew Yong Tatt, age 36, is the Chief Finance Officer of Okay Tasks Sdn Bhd. With over eight years of experience, he is a seasoned finance professional with a strong background in auditing and financial management. As a former Audit Manager at Deloitte Malaysia, He led audits for various companies listed on the NASDAQ Global Market. His private sector experience includes serving as Group CFO for a large conglomerate, where he was instrumental in driving financial strategies and managing corporate affairs.

Experience:

2023 – Present
Chief Finance Office of Okay Tasks Sdn Bhd
2015 - Present
Fellow member of the Association of Chartered Certified Accountants (ACCA)
2020 - Present
Member of Fellow Chartered Certified Accountants (FCCA)
2012 - 2016
Audit Manager of Deloitte PLT

Education:

Sunway University
ACCA Programme

Eason Chong | Chief Strategy Officer

Eason Chong, age 38, is the Chief Strategy Officer at Okay Tasks Sdn Bhd. He has over fifteen years of experience in entrepreneurship. As the founder of BEST Mastery Business Consultant Firm, he has been instrumental in facilitating fundraising for over 20 companies, securing a total of RM30 million. He also founded a startup that raised RM3 million in fundraising and has guided more than 50 companies in developing project pitch decks and achieving success in startup incubator programs. His expertise lies in strategic business development and fundraising for startups.

Experience:

2023 – Present
Chief Strategy Officer of Okay Tasks Sdn Bhd
2017 - 2021
Managing Director of Octopus Technology Sdn Bhd
2016 - Present
Executive Director of Octopustech Global Berhad
2016 - 2021
Chief Executive Officer of TabaoGo Malaysia Sdn Bhd
2015 - Present
Chief Executive Office of BEST Mastery

Education:

University of Tunku Abdul Rahman
Bachelor's Degree in Material & Manufacturing Engineering

Chai Yee Xian | Chief Technology Officer

Chai Yee Xian, age 32. He is the Chief Technology Officer of Okay Tasks Sdn Bhd. With over eight years of extensive experience in software project development and the digital marketing industry, he successfully secured Cradle CIP300 funding for Food Market Hub in 2017. He also has served as a digital marketing consultant for esteemed ventures such as Bao Bei Reading Wonderland, E2 Programme, and Sweatspa. His contributions include developing over 20 software solutions across various industries, including Point of Sales, CRM mobile apps, e-commerce platforms, inventory management systems, crypto trading apps, e-ticketing platforms, and omnichannel solutions. He has demonstrated expertise in navigating funding processes and securing support for innovative ventures.

Experience:

2023 – Present
Chief Technology Officer of Okay Tasks Sdn Bhd
2020 - 2023
Digital Project Manager, Invoke Group Sdn Bhd
2017 - 2020
Project Manager, Geobyte App Sdn Bhd
2015 - 2017
Senior Front-end Developer, Utara 5 Food and Beverage Sdn Bhd

Education:

Multimedia University Cyberjaya
Bachelor of Multimedia (Hons.) Advertising Design

Term Sheet

Issuer: Okay Tasks Sdn Bhd, is a private limited company incorporated in Malaysia., a private limited company incorporated in Malaysia

Type of Equity: Redeemable Cumulative & Convertible Preference Shares

Fund Raising Period: 90 days

Pre Money Valuation

Minimum Fundraising Target: RM 600,000

Maximum Fundraising Target: RM 2,500,000

Price per Share: RM 1.00

Minimum Equity Offered

Maximum Equity Offered

Minimum Shares Offered: 600000

Maximum Shares Offered: 2500000

Minimum Investment Amount: RM 2,000

Rewards

Impact on Shareholding Structure Upon Completion of the Offering

Investor Eligibility: Retail, Angel, Sophisticated, and/or Institutional Investors, subject to the applicable investment limits prescribed under the Securities Commission’s Guidelines on Recognised Markets.

Pre Emptive Rights

Type of Shares

Maturity Date
The tenure of the RCPS Shares is 5 years (“Maturity Date”) from the date the Shares are allotted to the holders.

Redemption
Option is given to issuer to redeem RCPS at Issue Price RM1.10 /unit upon maturity at 5th year.

Convertible
Option is given to issuer to convert to ordinary share of OKAY TASKS SDN BHD with a conversion rate of 2 RCPS for 1 ordinary share upon maturity. Executable after 5 years from the date of RCPS issuance at the company’s management discretionary.

Dividend
Cumulative 8% dividend per annum for 5 years.

Investment Packages & Rewards

Package	Investment Amount	Okay Superfans Voucher	*Early Bird Investor (Okay Credit)	**Investor (Okay Credit)
A	RM2,000	Voucher Worth RM50	RM120	RM100
B	RM5,000	Voucher Worth RM100	RM350	RM300
C	RM10,000	Voucher Worth RM220	RM850	RM700
D	RM25,000	Voucher Worth RM400	RM3,000	RM2,000
E	RM50,000	Voucher Worth RM900	RM6,500	RM5,000
F	RM100,000	Voucher Worth RM2,000	RM15,000	RM12,000

Terms & Conditions

Okay Credit is only applicable to *Early Bird Investors and requires the investment remittance to be completed in 1st 3 days of the project going ECF live only.
Okay Credit is only applicable to **Investors (All investors invest in Ataplus Platform in 2024).
This Okay Credit will be credited into the user’s Okay Tasks credit wallet & can be redeemed while purchasing an order.
Okay Credit are non-exchangeable for cash and have a validity period of 2 years for usage.

Fund Utilisation Timeline
The fund will be utilised within 12 months from the issue date.

Information

Closing Period: 14 working days after the end of the Fundraising Period.

Use of Proceeds: Fund of usage: 28% for app development & system maintenance, 24% for brand & marketing cost 40% for working capital and 8% for others (insurance, legal & utilities fee).

Subscription Procedure: An Investment Agreement (with an Annexed Partnership Agreement) for the subscription of the Shares and subject to review and / or amendment if required or deemed necessary by the Issuer and the ECF Platform.

Disclaimer

The information, calculations and remarks expressed on this term sheet or on any other part of the platform are based on information provided, disclosed and presented by the Issuer, Okay Tasks Sdn Bhd to Ata Plus Sdn Bhd, either in part or in whole. Ata Plus disclaims responsibility for the accuracy, completeness and/or validity of this information, and hence will not be held liable for any inaccurate, inappropriate or incomplete information presented on this term sheet or on any other part of the platform subject to the following :

The financial information listed on the deal page is provided by the Issuer; which includes the financial forecasts and projections, the capitalisation table, the term sheet, and management accounts.

The financial forecasts and projections have been prepared by the Issuer based on assumptions that have not been reviewed and certified by an independent certified accountant for reasonableness.

THE ISSUER agrees that; all information concerning the product, business and assets of THE ISSUER that have been furnished to Ata Plus Sdn Bhd for the purpose of the equity crowdfunding campaign is true, complete, and accurate in all material respects and is not misleading or deceptive whether by inclusion or omission.

Should the Investor require more information, they can do so by contacting Okay Tasks Sdn Bhd directly at [email protected] or by clicking on the ‘CONTACT’ button on the Deals Page.

Disclosure: This issuer is referred by a 3rd party which is Best Mastery. Ata Plus is not associated or related to the issuer and the referral party.

Disclaimer by Securities Commission

(i) No shares will be alotted or issued based on this document after six months from the closing of the offer period

(ii) This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007

(iii) This document has not been reviewed by the Securities Commission Malaysia. The Securities Commission does not recommend nor assumes responsibility for any information including any statement, opinion or report disclosed in relation to this fund raising exercise and makes no representation as to its accuracy or completeness. The Securities Commission expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information disclosed.

Issuer

Okay Tasks Sdn Bhd, is a private limited company incorporated in Malaysia.

Type of Equity

Redeemable Cumulative & Convertible Preference Shares

Fund Raising Period

90 days

Minimum Fundraising Target

RM 600,000

Maximum Fundraising Target

RM 2,500,000

Price per Share

RM 1.00

Minimum Shares Offered

600000

Maximum Shares Offered

2500000

Minimum Investment Amount

RM 2,000

Investor Eligibility

Retail, Angel, Sophisticated, and/or Institutional Investors, subject to the applicable investment limits prescribed under the Securities Commission’s Guidelines on Recognised Markets.

Type of Shares

Maturity Date
The tenure of the RCPS Shares is 5 years (“Maturity Date”) from the date the Shares are allotted to the holders.

Redemption
Option is given to issuer to redeem RCPS at Issue Price RM1.10 /unit upon maturity at 5th year.

Dividend
Cumulative 8% dividend per annum for 5 years.

Investment Packages & Rewards

Package	Investment Amount	Okay Superfans Voucher	*Early Bird Investor (Okay Credit)	**Investor (Okay Credit)
A	RM2,000	Voucher Worth RM50	RM120	RM100
B	RM5,000	Voucher Worth RM100	RM350	RM300
C	RM10,000	Voucher Worth RM220	RM850	RM700
D	RM25,000	Voucher Worth RM400	RM3,000	RM2,000
E	RM50,000	Voucher Worth RM900	RM6,500	RM5,000
F	RM100,000	Voucher Worth RM2,000	RM15,000	RM12,000

Terms & Conditions

Okay Credit is only applicable to *Early Bird Investors and requires the investment remittance to be completed in 1st 3 days of the project going ECF live only.
Okay Credit is only applicable to **Investors (All investors invest in Ataplus Platform in 2024).
This Okay Credit will be credited into the user’s Okay Tasks credit wallet & can be redeemed while purchasing an order.
Okay Credit are non-exchangeable for cash and have a validity period of 2 years for usage.

Fund Utilisation Timeline
The fund will be utilised within 12 months from the issue date.

Closing Period

14 working days after the end of the Fundraising Period.

Use of Proceeds

Fund of usage: 28% for app development & system maintenance, 24% for brand & marketing cost 40% for working capital and 8% for others (insurance, legal & utilities fee).

Subscription Procedure

An Investment Agreement (with an Annexed Partnership Agreement) for the subscription of the Shares and subject to review and / or amendment if required or deemed necessary by the Issuer and the ECF Platform.

Disclaimer

The financial information listed on the deal page is provided by the Issuer; which includes the financial forecasts and projections, the capitalisation table, the term sheet, and management accounts.

The financial forecasts and projections have been prepared by the Issuer based on assumptions that have not been reviewed and certified by an independent certified accountant for reasonableness.

Should the Investor require more information, they can do so by contacting Okay Tasks Sdn Bhd directly at [email protected] or by clicking on the ‘CONTACT’ button on the Deals Page.

Disclosure

This issuer is referred by a 3rd party which is Best Mastery. Ata Plus is not associated or related to the issuer and the referral party.

Disclaimer by Securities Commission

(i) No shares will be alotted or issued based on this document after six months from the closing of the offer period

(ii) This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007

Risk Disclaimer

Investing in equity crowdfunding involves certain risks that include uncertainty of returns, lack of liquidity, dilution, material events and lack of control. Investments should be done as part of a diversiﬁed portfolio. ATA PLUS offers investment opportunities to investors who understands these risks in making their own investment decisions.

PLEASE READ THE FULL RISK WARNING BEFORE DECIDING TO INVEST.

This page is approved as a ﬁnancial promotion by ATA PLUS Sdn. Bhd., which is authorized and regulated by the Security Commission of Malaysia. Deals that are up for investment are only offered to members of ata-plus.com on the basis of information provided by the companies concerned. ATA PLUS takes no responsibility for this information or for any recommendations or opinions made by the companies. For further information on this, please read our Term of Use.

Okay Tasks

Introduction

What We Do

The Challenge

Our Solution

Okaytask.com App

How our App works?

Why Are We Different

Our Revenue Model

Our Customer Segments

Our Market Opportunity

Our Strategy

Our Achievements

Financial Forecast

Indicative Usage of Funds

The Team

Goi Hian Tiam (Tim Goi) | Chief Executive Officer

Chew Yong Tatt | Chief Finance Officer

Eason Chong | Chief Strategy Officer

Chai Yee Xian | Chief Technology Officer

Term Sheet

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Risk Disclaimer