Question 1

What is Loryfy?

Accepted Answer

Loryfy is a mobile platform that helps users discover running businesses, startup ideas, partnership opportunities, and trade licenses across the UAE. It also helps business and startup owners and people with business ideas connect with potential partners, investors, and buyers.

Question 2

What do I need to register on Loryfy?

Accepted Answer

You only need your name and mobile number to create an account and start using Loryfy.

Question 3

How can I find a partner for my business?

Accepted Answer

Post your business or business idea on Loryfy and specify the type and number of partners or investors you are looking for. Interested users can discover your listing and contact you directly through the in-app chat.

Question 4

What types of partners can I look for?

Accepted Answer

You can look for Financial, Strategic, or Operating Partners depending on your needs. This may include individuals with capital, experienced professionals, investors, or companies interested in participating in a business.

Question 5

How do I list a running business on Loryfy?

Accepted Answer

Select Running Business when creating your listing, choose whether you are looking for partners or selling the business, complete the required information, and submit it for review. Once approved, your listing is published. Running businesses listed on Loryfy must operate in the UAE.

Question 6

Can I post a startup idea?

Accepted Answer

Yes. You can post a startup or business idea intended for the UAE market and look for partners or investors who can contribute capital, experience, management, or operational support.

Question 7

Can I list a trade license for sale?

Accepted Answer

Yes. UAE-issued trade licenses can be listed for sale with relevant information such as the issuing authority, activities, asking price, visa allocations, and premises details where applicable.

Question 8

How can I find opportunities that match my interests?

Accepted Answer

Explore Running Businesses, Startup Ideas, and Trade Licenses and use the available search and filtering options to narrow the results based on what you are looking for.

Question 9

How do I contact a business or listing owner?

Accepted Answer

Open an opportunity that interests you and tap Chat to start a direct conversation through the Loryfy app. Both parties may also choose to exchange contact details and continue communicating outside the app.

Question 10

Can I use Loryfy if I am outside the UAE?

Accepted Answer

Yes. Users outside the UAE can register and explore opportunities in the UAE. They may also post business or startup ideas intended for the UAE market. Running Business and Trade License listings must relate to businesses or licenses in the UAE.

Question 11

Who can list on Loryfy?

Accepted Answer

A listing can be created by the Owner, Authorized Representative, Consultant, or Broker. When creating the listing, select the option that best describes your relationship to the business.

Question 12

Does Loryfy require personal or business documents?

Accepted Answer

Loryfy allows you to optionally add documents such as a personal ID or company financial documents. These documents are not required, but adding relevant documents can help increase trust in your listing and give interested users more confidence when reviewing the opportunity.

Question 13

Is Loryfy free to use?

Accepted Answer

Registration and exploring opportunities on Loryfy are free. Listing a running business, startup idea, or trade license is currently free too: when you create your listing, choose the free package and submit it for review. If you want your listing to stand out, you can add Premium for a small fee.

Question 14

What are the different listing options on Loryfy?

Accepted Answer

When you create a listing, you choose one of two package types. Fixed Fees: your listing stays active for a set period. Pay Per Contact: your package is based on the number of interested users who contact you about your listing. Each type currently includes a free package. You can also add Premium to show your listing before regular listings.

Question 15

Does Loryfy guarantee profits, revenue, or expected returns shown in listings?

Accepted Answer

No. Financial information is provided by the listing owner and does not represent a guarantee by Loryfy of any future result or return.

Question 16

Is Loryfy responsible for the accuracy of information provided in listings?

Accepted Answer

No. Listing information is provided by the listing owner. Users are responsible for independently verifying the information and carrying out appropriate due diligence before entering into any agreement, partnership, investment, or payment.

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