Moneymailme

paymentsp2p payments

FOUNDING YEAR: 2015
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

Moneymailme is a social money transfer application facilitating social interaction and social money transfer between users.

MEDICI Analysis

Moneymailme is a multiplatform mobile phone messaging service that uses an internet connection to chat and make e-money transactions with other Moneymailme users.

Focus

PRODUCTS & SERVICES

Moneymailme app for chatting, documents sharing, money transfer services to friends & family members

REVENUE MODEL

Top up fees of 2.5%, FX spread, market place commissions, partnership revenue shares

MAIN CLIENTS

Online retail consumers

PRIMARY PROBLEM SOLVED

Fast, cheap , effective social money transfer

INTELLECTUAL PROPERTY

Patent(s) FILED

company provided insights

Traction

TRANSACTIONS COMMENT:

Initial top ups around 80 EUR

ACTIVE USERS:

12000

ACTIVE USERS COMMENT:

Launched in Apple Store and Google Play in April 16. Good initial take up and commencing targeted marketing

People

BOARD MEMBERS AND ADVISORS

Paul Mears

Janet Thomas

Dinis Guarda

Pete Kristensen

David Applefield

Ali Yigitbasioglu

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Mihai Ivascu

Paul Mears

COMMENT:

Intregrated chat,money transfer , large footprint, making a difference in a different way

Momentum

FUNDED

YES

TOTAL FUNDING

$1.89 M

DATE OF LAST FUNDING

2016

SEED & PRIOR FUNDING

$769.47 K

SEED CLOSED ON

Dec 2015

FUNDING SERIES

OTHERS  · $1.12 M · Dec 2016

LISTED

NO

For Investors

FUNDING NEEDED:

€5 M

USES OF FUNDS RAISED:

1. Marketing

2. Expand key management team

3. Partnership development

EXIT STRATEGY

Trade sale, White Label long term or IPO

MONTHS LEFT WITH CURRENT CASH BURN RATE:

5 months from 19 Sep, 2016

COMPETITORS:

Simple

Circle

BASICS

FOUNDING YEAR:

2015

LOCATION:

United Kingdom

Views:

160 VISITORS | 406 VIEWS
LATEST FUNDING ROUND

$1.89 M

TOTAL EMPLOYEES
11-50

About

Moneymailme is a social money transfer application facilitating social interaction and social money transfer between users.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Moneymailme is a multiplatform mobile phone messaging service that uses an internet connection to chat and make e-money transactions with other Moneymailme users.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

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Moneymailme

About

Moneymailme is a social money transfer application facilitating social interaction and social money transfer between users.

Focus

PRODUCTS & SERVICES

Moneymailme app for chatting, documents sharing, money transfer services to friends & family members

REVENUE MODEL

Top up fees of 2.5%, FX spread, market place commissions, partnership revenue shares

TOP PROBLEM SOLVED

Fast, cheap , effective social money transfer

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

Product launched and users signing up. Featured in Financial Times as fast growing UK start up

KEY DIFFERENTIATORS

Social media, social money transfer, agile, sharing the love, experienced Board and Investors

PRIMARY CUSTOMER TYPE

Small and Medium Business - Online Retail

Small And Medium Business - Other

Consumer

STRATEGIC CLIENTS AND PARTNERSHIP

Mangopay : Financial Partner

Touch FX : Risk Management

Kiwai Media : Communications

People

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

CEO: Mihai Ivasci

CTO: Alin Iftemi

CMO: David Applefield

TEAM COMMENT:

Intregrated chat,money transfer , large footprint, making a difference in a different way

BOARD MEMBERS AND ADVISORS:

Paul Mears, Janet Thomas, Dinis Guarda, Pete Kristensen, David Applefield, Ali Yigitbasioglu

INVESTORS:

Mihai Ivascu

Paul Mears

Momentum

FUNDED

NO

TOTAL FUNDING:

$425 K

LISTED

NO

FUNDING SERIES
Seed Nov 2015 --- EUR250 K at a EUR1 Mvaluation Comment on Seed Funded by HNW based in Monaco Series A Apr 2016 --- EUR175 K at a EUR3 Mvaluation Comment on Series A Follow on funding by Monaco based HNW