Contree

p2p paymentspayments

FOUNDING YEAR: 2015
LOCATION: India
Last Update: 01/05/2020

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About

Contree is developed by four IIT Roorkee graduates.It is an interactive group expense management and settlement app with free bank transfer facility. Currently in beta version, it is a unique way to split, manage and settle expenses among roommates, college students, colleagues.

Focus

PRODUCTS & SERVICES

Our Product is an android mobile app with a unique algorithm to settle,manage and pay expenses within groups for Indian users. We boast of a completely refreshing UX which is easily understood and also of our digital marketing strategy with focus on effective and scalable business model.

REVENUE MODEL

We plan to monetize by selling native coupons and making the platform freemium based model.

PRIMARY PROBLEM SOLVED

We were able to gain trust of our pilot testers and saw transaction of upto INR 70,000 without spending a penny on marketing. People had to take notes whenever they need to settle expenses among their groups ,with Contree they can ask for settlement and transfer money directly in their bank accounts without paying a penny extra!

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

company provided insights

Traction

REVENUE

$0 - $99k

REVENUE COMMENT:

We have seen an organic trend in increase of our base based on our refferal program

NUMBER OF TRANSACTIONS:

145.00

TRANSACTIONS VALUE:

10 K

ACTIVE USERS:

300

ACTIVE USERS COMMENT:

more than 20% of the users have rated us 5 star on google playstore with exciting feedbacks ranging from good product to ease to use and user friendly.

People

FOUNDERS

Deepanshu Saini

BOARD MEMBERS AND ADVISORS

Neeraj Gupta

COMMENT:

We are a group of five passionate individuals with expertise ranging from technology, product development,marketing

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

$2 M

EXIT STRATEGY

Contree is a payment solution platform which caters group expenses and is considered a prevalent segment among payments banks and eCommerce segment and can call for a strategic acquisition or merger.

MONTHS LEFT WITH CURRENT CASH BURN RATE:

4 months from 26 May, 2016

BASICS

FOUNDING YEAR:

2015

LOCATION:

India

Views:

85 VISITORS | 144 VIEWS

About

Contree is developed by four IIT Roorkee graduates.It is an interactive group expense management and settlement app with free bank transfer facility. Currently in beta version, it is a unique way to split, manage and settle expenses among roommates, college students, colleagues.

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Momentum+
Traction+
People+
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Contree

About

Contree is developed by four IIT Roorkee graduates.It is an interactive group expense management and settlement app with free bank transfer facility. Currently in beta version, it is a unique way to split, manage and settle expenses among roommates, college students, colleagues.

Focus

PRODUCTS & SERVICES

Our Product is an android mobile app with a unique algorithm to settle,manage and pay expenses within groups for Indian users. We boast of a completely refreshing UX which is easily understood and also of our digital marketing strategy with focus on effective and scalable business model.

REVENUE MODEL

We plan to monetize by selling native coupons and making the platform freemium based model.

TOP PROBLEM SOLVED

We were able to gain trust of our pilot testers and saw transaction of upto INR 70,000 without spending a penny on marketing. People had to take notes whenever they need to settle expenses among their groups ,with Contree they can ask for settlement and transfer money directly in their bank accounts without paying a penny extra!

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

PRODUCT DEVELOPMENT COMMENT

We have launched our beta version and are seeing real transactions on our platform with a steady growth rate (5%)

KEY DIFFERENTIATORS

Clean UX Easy to identify Call to Action Free Bank Transfer facility Targeting Niche Audience

PRIMARY CUSTOMER TYPE

Consumer

STRATEGIC CLIENTS AND PARTNERSHIP

Transerv : WalletPartner

People

FOUNDERS

Deepanshu Saini

KEY EMPLOYEES:

CEO, FOUNDER: Deepanshu Saini

CTO: Amit Yadav

CMO: Atul Miglani

COO: Mohit Saini

CRO: GVS Praneeth

TEAM COMMENT:

We are a group of five passionate individuals with expertise ranging from technology, product development,marketing

BOARD MEMBERS AND ADVISORS:

Neeraj Gupta

Momentum

FUNDED

NO

TOTAL FUNDING:

$37 K

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed May 2016 --- USD37 K at a USD180 Mvaluation Comment on Seed We were funded by our almamater IIT Roorkee