Type Private Area served India Website mypoolin.com Founders Rohit Taneja, Ankit Singh | Industry Mobile Payments Services Mobile Payments Founded 2014 | |
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Headquarters Investopad, Sector 32 Gurgaon, Haryana 122018, India | ||
Ankit singh co founder mypoolin on the revamped user experience yes bank upi solutions
Mypoolin is a mobile P2P (peer-to-peer) and group payments application. The company's primary and only goal - to make sure that whenever you are collecting or settling money as a group (be it before an activity/event or after it), the process remains convenient and simple both on the web and the mobile.
Contents
- Ankit singh co founder mypoolin on the revamped user experience yes bank upi solutions
- Ndtv unicorn showcasing mypoolin the place for all payments with friends
- Service
- History
- Funding
- Growth
- Features
- Media Coverage
- References
It utilizes UPI (Unified Payment Interface) to collect and settle daily expenses with friends. A user can also plan and pay together for use cases such as group-gifting, movies, vacations, concerts, events, and parties.
Ndtv unicorn showcasing mypoolin the place for all payments with friends
Service
Mypoolin is a mobile payment service that allows user to transfer money just by knowing their mobile number. A user can signup just by verifying an OTP code which is sent to his/her mobile phone. It also allows the users to track their friends’ activities on the app, thus making it completely social.
Mypoolin recently launched its chat-bot app that allows peer-to-peer payments to anyone in your contact list, which is currently active on Messenger, Slack and Telegram. All information related to making a payment such as payee details, amount, payment remarks and so on are shared through the chat-bot. The user is taken to the Mypoolin app at the time of making UPI payment.
History
Mypoolin was founded by Rohit Taneja (IIT Delhi) and Ankit Singh (FMS Delhi) in 2014 as a medium to aggregate money for various purposes in a hassle free and quick manner. Prior to the app launch, Mypoolin was initially launched as a web application.
Funding
Mypoolin has been seed funded by angel investors. As winners of the QPrize 2015, Mypoolin jointly received an additional funding of $250,000 from Qualcomm Ventures, the venture capital arm of the semiconductor maker Qualcomm and Accel Partners.
Growth
Mypoolin reached INR 10 lakh in revenue during its first four months of the web application launch, and was listed in the Top ten free apps in its category within the first 5 days of the Android app launch. It was one of the Top 50 startups in Asia at the Echelon Asia Summit held in Singapore. And among the top 3 startups in 1776 Cup Challenge 2016. Apple Inc also featured the app on their app store in India.
Features
Users can collect and share money on the platform for daily uses like movies, events, trips and more. The money collected can then be redeemed in the form of an online voucher redeemable across several E-commerce sites. The amount can be redeemed also in the form of an offline debit card delivered to the address or in the form of a bank transfer.
Media Coverage
Mypoolin was featured in the Economic Times and The Hindu Business Line after winning the Qualcomm Ventures' QPrize 2015.
Digit magazine. featured them recently as the app of the week. The app has mostly grown organically so far in the Indian urban millennial space.