Photo - Q-HOP
play_arrow
View
59059

Q-HOP

South Africa
Market: Other
Stage of the project: Operating business

Date of last change: 17.03.2023
Go to the owner's profile
6
equalizer from 2000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:
 

Idea

There is nothing quick, contactless or hyper personalised about retail shopping today. We provide an autonomous retail checkout solution with hyper personalised promotions using Big Data and AI.

Current Status

Signed MoUs with customer to pilot & scale in South Africa and attending international retail and technology trade shows. Microsoft sponsored our participation at GITEX Dubai and we are at NRF show (largest retail show in the USA) NYC in January.

Problem or Opportunity

24% of customers abandon baskets in stores due to long checkout queues costing retailers $4.6t annually. Customers are also looking for a digital experience in a physical store, a phygital shopper journey.

Solution (product or service)

We provide a quick, contactless & hyper personalised retail checkout. Our solution uses a scan-as-you-shop mobile application that scans barcodes and facilitates automatic payment using a variety of digital payment platforms, including PayPal, Zapper, SnapScan, Masterpass and crypto currencies, such as BitCoin. At the back end, Q-HOP collects and analyses customer data in real time to enable smarter, on-the-fly decision-making aimed at maximising profits through personalised promotions and continuously improving the customer experience.

Business model

B2B IoT-aa-S with big data monetisation. We charge a fixed amount of $250 per month per Q-HOP kiosk and once we have sufficient customer data we will monetise this data insights.

Incubation/Acceleration programs accomplishment

GSD Venture Studios
We signed a global strategic alliance with Microsoft Corporation in the USA. Our advisory board includes the former Chief Data and Information Security Officer of Apple and eBay as well as the lead who took Instagram Stories from MVP to 1b+ monthly active users and the Top Women in Retail and former Kroger GVP.
5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility513
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video
Presentation