Lemonaide is one of Asean’s largest digital aggregator company providing software solutions for the pre-owned market,
with the focus on the Used Car Industry. Our goal is to make the pre-owned market more efficient by providing it with the necessary
tools to strive in the Web 3.0 era: an era where technologies are more autonomous, immersive and intelligent.
Simply put, Lemonaide provides an end-to-end digital solution for the pre-owned market.
The Lemon’s problem has always been a topic of controversy in Economics where one party has more information
about a particular product/service than the other party. Used car sellers have more information about the used cars than the Buyers.
Car drivers have more information about their driving behaviors than the Insurance companies. This asymmetric information causes bad quality cars to enter the used car market as buyers do not know the quality of the used cars.
Similarly, asymmetric information is also responsible for bad drivers entering the insurance pool, driving up Insurance premiums.
Lemonaide’s mission is to help eliminate such asymmetric information by providing trusted technologies that can autonomously authenticate products for all stakeholders.
This, in turn, will help Buyers spot good quality cars in the Market and Insurance company to spot good behaving drivers.
In addition, Lemonaide’s solution also aims to seamlessly share such information will all relevant stakeholders in real time via our consolidation protocol.
This immersive ecosystem helps stakeholders to make faster decisions, leading to improved service delivery for consumers.
Lastly, market efficiencies cannot be reached if stakeholders do not effectively manage their internal resources. Thus, Lemonaide’s elevation protocol aims to support stakeholders by developing new technologies that can make them more efficient.
Lemonaide’s mission is to eliminate asymmetric information by developing necessary technologies, making the pre-owned market more efficient.
The Vision for Lemonaide is to instill Trust in the pre-owned Market. It is our goal to continuously improve our dominance as
the Gold Standard for Trust by providing all stakeholders with the necessary tools to operate efficiently and effectively.