Invest in a startup that will change traditional tipping culture in the USA
A game-changing IT product for modern tipping
QRdid
$2 million
First investment round
$36 billion
Established market demand
Beta
Product stage
3-4 years
Expected breakeven
57%
Product interest
$36 billion
Established market demand
Beta
Product stage
Expected breakeven
57%
Product interest
First investment round
$2 million
3-4 years
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Steps
How it works:
The guest leaves a tip only when they want to
01
The waiter receives tips instantly and directly
02
Total transparency for the guest and the waiter
03
Tipping made easy, fast, and stress-free
04
There are no commissions
for the guest
05
You can leave a tip
in 10 seconds
06
The QRdid app is a convenient way to leave tips directly to the waiter via a QR code
About the Project
QRdid — a new level of interaction between the guest and the waiter
This reduces the value of individual tips for both the guest and the employee
In the USA, the significance of tips is devalued as they are distributed among the entire team
QRdid’s mission is to change the perception of tipping as a routine procedure and to increase interest in tipping as a fair thank you to a specific employee in a comfortable format
The guest leaves a tip only when they want to
Without unnecessary pressure from the establishment or the waiter
The waiter receives tips instantly and directly
With funds deposited into their personal account without redistribution among all staff
Total transparency for the guest and the waiter
The guest chooses the tip amount and does not pay a commission, while the waiter sees how much and when they received a tip
Tipping made easy, fast, and stress-free
Guests can express their gratitude calmly and without pressure, making the tipping process more comfortable and honest
There are no commissions for the guest
The guest leaves exactly the amount they allocated for tips — no commissions or percentages
You can leave a tip in 10 seconds
The intuitive interface of the app allows you to leave a tip in just a couple of clicks
That allows earning in segment:
Product Monetization
An effective business model
Commission for cashing out tips by the performer
The service will take a commission of 10% of the withdrawal amount. There is no commission for the person leaving the tip
However, approximately two out of three (66%) adult Americans have a negative attitude towards tipping
Market
The estimated tipping market in the USA exceeds $ 36 billion annually
Considering an annual growth of ~5%, the projected market volume in 10 years will be $ 65.2 billion
We asked: How often, if ever, do you leave a tip or gratuity for each of the following?
Research
Hairdressers, hair stylists or barbers
Hotel housekeepers
Coffee shop baristas
Servers or waitstaff at a restaurant
Food delivery people
When picking up takeout food
Taxi/rideshare drivers
Furniture/appliance delivery workers
Home services/repair people
Demand for the Product
80% of respondents are ready to use the QRdid app
We conducted an independent study in the form of a survey on SurveyMonkey
Results based on responses from respondents on the East Coast:
58% are ready to use the app
5% are not interested
37% need more information
5% are not interested
37% need more information
Materials
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Risks and Competitors
Not ready to invest?
We have already studied the potential risks and know how to handle them
Competition from Apple
Risk: iPhone users may prefer Apple's built-in feature, complicating the attraction of this audience
Apple plans to release a money transfer feature via NFC
QRdid solution:
We adapt the product for Android users, who currently outnumber iOS users (56% to 44% in favor of Android)
Licensing and regulatory compliance
Difficulty: increased operating costs for licensing and meeting regulatory requirements
Processing payments will require obtaining licenses and compliance with AML/KYC and PCI DSS requirements
QRdid solution:
We initially include all operational expenses for licensing in the first round of investment, which will facilitate fully legal operation of the product
High cost of developing and supporting the app
Difficulty: increased operating costs at the product's start and early development stages
Developing the app and maintaining its operation while considering all necessary security requirements will require significant financial investment
QRdid solution:
The development of the beta version is fully funded by the startup founder, and the first round of investment does not include cash-out — all funds will go to development and promotion
Product Readiness
Current product stage — beta version development
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Current product stage — beta version development
Key Figures of the Startup
Current financial model of QRdid
Investment Distribution
100% of investments will be allocated to development, promotion, and capturing 0.5% of the market at the early product stage
First round of investment for 20% of company share
$2 million
Projected break-even period
3-4 years
About Dmitry
The Startup in Faces
Startup founder
Dmitry Nechaev
active entrepreneur with 25 years of experience
Created an app for permanent makeup artists, NE Pigments, with over 5,000 users and a rating of 4.9
Built the largest permanent makeup studio chain in Europe with 11 studios and over 70 artists
Lives and works in the USA
Phone
E-mail
© QRdid, 2024. All rights reserved
We are open to investment proposals and partnerships
We welcome introductions to venture funds, investment companies, and private investors.
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