Our patented AI platform makes us unique in generating foundational code based on customers’ specifications. We offer our users hassle-free apps, low prices, and a short time to get the app done.
Current Status
Our main revenue model is subscription-based. We offer a recurring monthly plan ranging from $200 to $1000 depending on the features used in the app cost more. We sold $180K worth of app contacts in the first year since we launched in 2021 on three continents. As of April 2022, we have sold $250K and 25 customers worldwide. Our estimated sales for Q2 are around $150K, and for 2022, we expect to sell around $1MIL. Our current MRR is $10K just from building apps. With the addition of our tools revenue, we expect to hit $30K-$40K MRR in Q3 2022.
Problem or Opportunity
The market for app building is currently fragmented with two major categories of builders:
Conventional dev shops (aka professional developers)
Low-code platforms
The first category has been there since people used to start the internet in their daily lives during the ’90s. While there have been major technology innovations, there has not been much advancement in how developers build their apps. The second category refers to the approach uses a similar concept to a car assembly line where components are pre-made, and the user is responsible for putting them together to build an app.
Solution (product or service)
Our patented AI platform makes us unique in generating foundational code based on customers’ specifications. We offer the following value proposition to our users:
Hassle-free apps build aesthetic apps. Significantly low prices. Short time to get the app done.
Our AI consists of a system that allows the customer to explain their idea, rather than do it themselves. It will allow them to use the existing models and add required features to customize the app based on their needs.
Business model
Using AI to build elegant custom apps quickly and affordably, empowering small businesses and startups. To make Apsy the dominant brand for building apps in the next 3 to 5 years, where 70% of apps built for startups and SMBs are created by Apsy globally.
