Startup Name: Padoq
Tagline: All your group’s needs – in one app
Elevator Pitch: Padoq provides a full range of tools that allow communities to organise themselves more easily, have full control over privacy and above all, move money effortlessly.
It reduces the stress for organisers around running their community. This can include polling group decisions, collecting and giving out information, planning events and collecting and chasing money from members.
Padoq focuses first and foremost on the privacy of users on the platform. We do not monetise user personal information, and allow users to have segregated unique profiles for each Padoq they join, meaning they can be their true selves when engaging with the things they love.
Target Market: Organisers and their groups
How will you make money? We have a number of different revenue streams in the platform, however our primary revenue driver will be advertising. We offer advertisers the opportunity to offer adverts to Padoq admins, which they can approve into their Padoqs as posts for their members to engage with. When being offered an advert, we offer the Padoq admin a share of the advertising revenue so that they can be rewarded for their effort in running the group.
How much capital have you raised? 500k-1m
Founder(s) Name: Mike Anderson
City/Country: Manchester, UK