The system maps ten key parameters based on the interaction of the consumer. Some of the parameters include transaction frequency, the amounts and of course the social engagement, which is unique in this case to Mypoolin. This helps in turn create three kinds of profiles and scores for the person, one in terms of pure payments, second in terms of his social activity on the platform and third which is a blend of the two.
Competing for a prize of $175,000 in cash and over $ 1 million in other investments, startup ventures from all across the country gathered in Gurgaon. Three shortlisted startups - Maax Market, Truelancer and Mypoolin- will now attend the Challenge Cup regionals in Singapore and then on to the global finals in Washington DC, scheduled to be held in June 2016.
Mobile payments startup Mypoolin has raised seed investment from a group of angel investors including Sharad Sharma of iSPIRT, Rajan Anandan of Google India, Sunil Kalra, Amit Ranjan of Slide Share, Rohan & Arjun Malhotra of Investopad and ex-Googler Gautam Gandhi.
On Mypoolin, a user (pool organiser) shares a plan for movie, gifting, or events etc with friends, who can then discuss and vote/opt in-out within the app. Once everyone decides whether they’re in or out or a plan is finalised, users can seamlessly pay their share using any mode of payment.
Mypoolin’s technology allows consumers to pay their share for an event using any mode of payment, making the whole process instantaneous. The organiser of a group then redeems the pooled money through a transfer to his or her bank account or through online retailers like Jabong, PVR and MakeMyTrip.
The 3 easy steps you need to follow to get started: ‘Put in the purpose and the target amount to get started with the pool'; ‘Invite people and they contribute, all in a single click’ & ‘Once collected, get the money transferred to your account or redeem online’. That’s it!