Photo - New-Generation Discount & Referral system
43859

New-Generation Discount & Referral system

Ukraine, Kharkov region
Market: Internet and IT, Trade, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 06.01.2020
Min investment
$  50.000
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Total required
$ 1.000.000
Rating
equalizer из 1000
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Idea

Discount & Referral system SCROOGE implements a unique algorithm for distributing discount percentages and gamifying the process of purchasing.

Unlike outdated discount systems, SCROOGE divides the percentage discount between a customer who visited your business and his/her friend, to whom that customer recommended your business.

The system consists of:
- Web application for business customers
- Mobile application for employees (Android & iOS)
- Mobile application for customers (Android & iOS)
- Web application for administrator

Current Status

The first version of the system (2 mobile applications, 2 web applications, and information website) is ready and online.
Our company has been working on the project for about 2 years. We didn't get any loans or retrieve any investments outside the company.
At the moment we are looking for investments in order to increase development speed and hire the sales & marketing team.

Market

Our typical customer is a small or medium business who is trying to attract new clients.

Problem or Opportunity

Almost every business already has or wants to have some loyalty program (discounts/bonuses/cache back).

Solution (product or service)

Our system contains benefits from all standard loyalty programs (discounts/bonuses/cache back) and adds new components (referral system and game process). Our system ensures a constant increase in the number of customers which means more profit for the business.

Competitors

We don't have direct competitors at the moment. There are some standard discount systems on the market, for instance, https://myfishka.com.

Advantages or differentiators

We have a game process for clients which stimulates them to spend more money and invite their friends to the point of sales.

Finance

The business will pay for transactions they used (different packages). Also, we are going to sell additional services (advertising, analytics, customization of mobile applications, etc)

Business model

Our system works on SAAS model.

Money will be spent on

1. Development of new features of the application
2. Marketing

Offer for investor

49%

Risks

We need a good promotion in order to describe our benefits to the business.

Product Video

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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
Product Video