No card? No cash? No problem.
Flash! Banking reinvented.
Current Status
Sep 2021-initial concept; Jan 2022- First MVP; Feb 2022-Winners of the Spark.me Startup competition; May 2022- UX/UI testing; June 2022 - Winners of the BoostMeUp startup competition; Aug 2022 - Legal activities; Oct 2022 - Potential investments&begin talks with local banks; Dec 2022 - New team members; Q2 2023 - Product launch
Problem or Opportunity
impossibility to pay without cash or payment card, more bank accounts or more active loyalty programs mean more app or more cards, complicated and expensive process of transactions on POS for banks, impossibility of daily settlements between banks and merchants regards transactions at POS, merchants' complicated loyalty programs, failure to meet the bank's prerequisites for installing the POS in merchants' stores
Solution (product or service)
We connect banks, merchants, and clients via a one-of-a-kind financial platform, increasing efficiency while lowering costs. Clients can use the Flash mobile application to manage all of their bank accounts in one place, pay at merchants both in-store and online, P2P transfer funds, request or return funds from another Flash client using only their phone number, share a bill with another Flash client, or define a standing order for a specific time. The app unconditionally offers merchants an integrated loyalty program.
Business model
B2B - Software for banks and merchants (implementation and maintenance fee)
B2C - Application for clients (subscription model)
Incubation/Acceleration programs accomplishment
Spark.me Startup Adventure
Boost Me Up Accelerator Program
