Can your startup help solve these issues we face in Group Payments?

More frequently we group together to buy something; be it a holiday a present for granny or a leaving present for Annie from Customer Service. The problem is that it's a pain. Someone has to organise it; invariably it ends up with someone paying with the pain of having to chase people down to get the money back. And if there's a shortfall who takes the hit?

Taking a particular event, situation, be that family, friends, work, club or similar, devise the means to take the pain away, be that by providing the administrator, the organiser, the collector, the chaser or whatever else that this problem requires. Does this need just one or all of these elements? Do you think there's potential in one of these to be applied to other areas of our lives and if so, how will your focused role work seemlessly and with minimum effort to other such roles? In other words what's required to connect these roles or services to ensu...
Can your startup help solve these issues we face in Group Payments?

More frequently we group together to buy something; be it a holiday a present for granny or a leaving present for Annie from Customer Service. The problem is that it's a pain. Someone has to organise it; invariably it ends up with someone paying with the pain of having to chase people down to get the money back. And if there's a shortfall who takes the hit?

Taking a particular event, situation, be that family, friends, work, club or similar, devise the means to take the pain away, be that by providing the administrator, the organiser, the collector, the chaser or whatever else that this problem requires. Does this need just one or all of these elements? Do you think there's potential in one of these to be applied to other areas of our lives and if so, how will your focused role work seemlessly and with minimum effort to other such roles? In other words what's required to connect these roles or services to ensure that there's no barrier to use by anyone that sees the need?

Where does the money go? Once collection is organised where is it going to be stored? If you don't know - should you care? - how are you going to make the money available to wherever the group wants it to go?

Once the money is stored what would the group want to know? Who has control of when and how it moves? Who needs to know and what would the group fear most and how do you prevent it?

Apply now to show how your startup technology can solve the challenges in Group Payments.
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Staff

Ian Merricks
Admin
Ian Merricks Chair at The Accelerator Network, Managing Partner at White Horse Capital
Katie Lewis
Admin
Katie Lewis COO at Rainmaking.io