Nudipay

paymentsmobile/digital wallet

FOUNDING YEAR: 2009
LOCATION: Australia
Last Update: 17/07/2020

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About

Join The Evolution, Nudipay, the most amazing mobile payments app on the market. We exist only to provide our customers and merchants the simplest, easiest and (yes, well say it) cheapest way to handle their everyday purchases. Our technology has more features and can be used on all phones, tablets and computers. The three largest pain points with mobile payment adoption by consumers that even Apple Pay and PayPal have not overcome are: 1. According to Gallop Poll security fears are the number reasons people are not using them (55% of the 17,000 surveyed). 2. According to an article in Forbes over 84% of the small businesses have not adopted the a mobile payment system because cost of new equipment. Therefore, there is limited places consumers can use a mobile wallet. 3. According to Fortune " Access to loyalty rewards from brands is the most wanted features from consumers, and its the one least integrated in mobile payments today, notes Forrester Research analyst Thomas Husson, in a recent blog about this topic. Indeed, approximately 57% of U.S. adult smartphone users want access to loyalty programs and rewards through mobile wallets, according to his firms ongoing Consumer Technographics surveys. Then there is Nudipay who has addressed these pain points with Nudipay; 1. No security issues because none of your identifying information is stored on the app or transmitted to the merchant. 2. Small business owners will adapt Nudipay because there is no cost to join, no need to purchase new equipment and no monthly fees. The only pay per transaction with an affordable 15 cents flat fee. 3. We have two built in loyalty. One from the merchants to their customer and one from Nudipay to our consumers (just like a reward credit card). This is an opportunity to Join The Evolution when it comes to payment systems, we are not duplicating the others, we are blazing our own trail.

MEDICI Analysis

Nudipay is a mobile and online payment system. Members can transfer funds to and from any bank.

Focus

PRODUCTS & SERVICES

Mobile payments

REVENUE MODEL

Transaction based Revenue Model-merchants will pay 15¢ a transaction regardless of the size of the transaction.

MAIN CLIENTS

Small businesses

Traction

VALUATION / MARKET CAP:

$900 K in 2015

People

BOARD MEMBERS AND ADVISORS

Lawrence Schmid

Niall Hennessy

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Les Toft

Raffaele Velardo

KEY EMPLOYEES:

Les Toft

Raffaele Velardo

Momentum

FUNDED

NO

TOTAL FUNDING

$135 K

DATE OF LAST FUNDING

Aug 2013

SEED & PRIOR FUNDING

$135 K

SEED CLOSED ON

Aug 2013

LISTED

NO

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