Photo - ChaoPay
22898

ChaoPay

Proximity marketing & payments for Merchants

Spain
Market: Trade, Financial services, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 19.11.2018
Min investment
$  250.000
2
Total required
$ 250.000
Rating
equalizer 179 из 1000
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Also this project:
- conducts ICO

Idea

With Proximity marketing and payments solution SmartPay, Customers will not pass by Merchant’s store! We are connecting digital and physical worlds to make the best offer in right time. In fact, we are able to convert every offline Merchant into future of retail as “Amazon Go” store adding on top location based marketing opportunities.

Current Status

We are alumni of Incubation program in Netherland, have initial funding and working MVP, as well as Partners and Merchants ready to launch on Russian market. Now we are thinking about next steps and growth strategy. We realize how expensive could be direct acquisition and actively discussing partnership growth strategies with players already had End Customers base, like Banks, Telecom operators, Retail & Gas station chains in order to provide our functionality in their mobile apps or promote our services within product offerings of Payments Service Providers and Banks with existing offline Merchants base.

Problem or Opportunity

We closely worked with payment services and found that typical challenges most offline Merchants are facing today pretty similar:
• How to attract new Clients and convert a passer-by into Customer?
• How to retain them by providing lasting impression due to Customer experience?

Solution (product or service)

Just imagine, that in the morning you are passing coffee house and getting push notification that you might have 20% discount on coffee to go. You are coming in, getting your coffee and able to pay even more convenient than with “ApplePay”: simply continue your way and you’ll be charged automatically, like after “Uber” ride.

Competitors

https://city.wi-fi.ru/promo/index.html
https://conichiwa.com/
https://www.favendo.com/

Advantages or differentiators

Focus on Merchants in retail industry (unlike conichiwa & favendo, who are ficusing on corporate clients) & opportunity to work not only in Moscow (unlike MT_City)

Business model

Merchant's subscription

Money will be spent on

Roll-out in EU

Offer for investor



Incubation/Acceleration programs accomplishment

Brightland Innovation Factory, Blockchain & AI, Spring 2018, Netherland
YCombinator Online School, Autumn 2018, USA

Won the competition and other awards

Startup Battle #97, Kharkiv, Ukraine, 3rd place
Startup Battle #100, Almati, Kazakhstan, 3rd place
Startup Battle #102, Saint Petersburg, Russia, 3rd place
Startup Battle #105, Minsk, Belorussia, 1st place

Photos

Photo 1 - ChaoPay

Website address

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address