Photo - Wall ID
59027

Wall ID

United Kingdom
Market: Financial services
Stage of the project: Operating business

Date of last change: 30.08.2024
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equalizer from 2000
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Idea

Your Bank ID for secure identification and instant checkout. Wall ID helps E-commerce merchants to improve their margins by up to 6% due to higher conversions, low payment fee and no fraud.

Current Status

MVP is trading. $1k MRR. 6 customers.
Contract with Shopify.
Full product release is planned for September 2024

Problem or Opportunity

E-commerce businesses lose $200B annually on checkout stage. 80% of Shopify merchants have net profits within only 5%.

Solution (product or service)

Wall ID enables even first time visitors to online store to checkout quickly with their Bank App in one transaction. User can pass their ID credentials and payment straight from the bank account in real time. Two taps and you are on !

Business model

Commission from transactions

Incubation/Acceleration programs accomplishment

Startup Wise Guys B2B SaaS program in Bilbao
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Idea
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