SendTu.me Original Concept
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Transcript of SendTu.me Original Concept
![Page 1: SendTu.me Original Concept](https://reader035.fdocuments.in/reader035/viewer/2022070322/5594acba1a28aba30e8b46da/html5/thumbnails/1.jpg)
“fast” “simple” and “easy” way to collect money
http://sendtu.me
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There are 1.9 billion people
in the world, connected
to the Global Network*
* www.internetworldstats.com
In 2010…
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But they still collect their debts in the old-fashioned
way
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What has changed from 1910?
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Where are the big achievements?
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The Problem
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• We are going for a coffee with a colleague• We collect flat sharing expenses• We organise a ski holiday with friends• We host a bbq but don’t want to be out of pocket• We manage a 5 a-side football team
What do you think we are doing?
In everyday life...
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We constantly set informal debts and I owe U’s!
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Constantly
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Is it a problem?
Informal exchanges and transactions are difficult to track and hard to remember
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Well, maybe not for the tough ones
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but SendTu.me solves this putting an end to the "I'm sure you owe me money for something but I just can't remember what or how much" and save the awkwardness of chasing friends for unpaid debts
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How much do I owe you for lunch the other day?
- Oh, don’t worry just sendtume
The real example:
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Planning a weekend away with a group of friends?
Keep track of who has and hasn’t paid and manage money owed in one place
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sendtume should become second nature when friends, family, colleagues and acquaintances are looking to settle informal debts
«I’ve paid for it so just sendtume»will be common terms cited
You paid for a friend at a cafe.
He said: Just sendtumeYour friend invites you to a
bachelor party (via facebook
or even in real life!):I’ve paid
for the bus and the hotel...
just sendtume.
Sendtume has the potential to
automatically resolve circular
situations of "who owes who"
even if: John owes Mary
Mary -> Jane Jane -> John
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How will it be delivered?
.......available to everyone, everywhere
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Customers
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Business ModelSame as competitors (PayPal and WePay)
small percentage or
minimum payment (per transaction)
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[future] Business Model
Targeted offers and/or
rewards(e.g. Booking a restaurant for a group of friends - £50 cash-back offer for
groups of 10 or more)
The value comes from getting a group of people together that WANT to, NEED to spend money and are socially active connectors
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Strategic Partnerships & APIsWonga MeetupBump
PayPal adaptive PaymentsGoogle Mail
TwitterPouring Pounds
GrouponLiving Social
.......................to name but a few
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Milestones
ALPHA
Closed BETA
Open BETA(we are here)
General RELEASE
Release to Market
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http://sendtu.me