Tribee is a SaaS for businesses with a large number of front-line employees spread across the country. We enable businesses struggling to motivate the right employee behaviours, to increase sales performance while allowing employees to maximize their commercial benefits.
Current Status
The company has been incorporated in August 2020. Released first MVP with 15 clients in November. Rolled out the second business model in March 2021 and signed the first 2 paid enterprise customers in April and May.
Market
Tribee total addressable market is 145 million of employees in Southeast Asia.
Currently, Tribee focuses on customer-facing employees in companies based in Ho Chi Minh City. Key industries are: retail, F&B, real estate, insurance, education, etc.
Problem or Opportunity
Retail and similar businesses struggle to accelerate their sales growth. They don't have tools to reach all front-line employees spread across the location to roll out sales campaigns effectively and collect insights from the field in real time.
Solution (product or service)
Tribee platform is an employee app and management portal providing solutions in the following areas: - Sales Campaigns & incentives - Sales training - Employee Recognition & Rewards - Actionable Insights - Online-to-Offline conversion
Competitors
The closest comparable solutions are: Xoxo day, Spiff.com, Yoobic.com
Advantages or differentiators
Tribee is the only company in the field operating in Vietnam. We differentiate ourselves by focusing on supporting sales employees and offering a price which is affordable for clients in Vietnam who have not had any tech solution in the past.
Finance
Revenue - SaaS monthly fees per user - Implementation consulting fees - Commission on employee benefits sold on the platform
Current annual revenue per user is $30. We expect to expand values for the customer to reach $110 per user in the next 4 years.
Business model
- Monthly recurring revenue - Monthly active users
