zDrawer
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Date of Foundation
2021

zDrawer

Revolutionizing Reward Exchange Platform

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The Idea origin story

zDrawer presents an innovative approach to loyalty rewards, facilitating a smooth exchange of points among diverse service providers via a unified platform. By centralizing the marketplace, it allows users to unlock their reward points' true potential. With zDrawer's expansive suite of rewards offerings, points become more than just a tally on the board; they enhance the entire customer journey experience—taking it from mundane to extraordinary with each transaction seamlessly performed through our platform.

The Mission

zDrawer's vision is to become the go to platform for loyalty rewards exchange and experience among consumers by partnering with as many retail partners as possible.

Clients

Our customers are people who are currently subscribed to various loyalty rewards programs.

Problems we solve

Client’s problem

Your startup solves the problem of unused or underutilized loyalty points. It offers consumers a platform to exchange their rewards and ensures they fully maximize benefits from different service providers. This leads to enhanced customer engagement and satisfaction with loyalty programs.

Confirmation of problem

Consumers can no longer keep up with the growing number of loyalty programs but would like to benefit from as many loyalty programs.

Solution

Your solution would be to develop a user-friendly digital platform where users can easily exchange their loyalty rewards points from one program for points in another.

Our technologies

This solution is based on technologies

Blockchain, Fintech APIs, AI for user recommendations, Mobile App Dev.

How it works

Users register, select programs to swap points from, view available rewards on zDrawer, and initiate point exchange.

Value for the client

zDrawer offers seamless exchange of loyalty rewards, maximizing value and enhancing customer experience in a centralized marketplace.

Market and strategy

Market size

2000

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

10

% of the market

Is our goal in the next 3 years

Team

My name’s

Nduna Mpofu

My key role in the product

My key role is CEO and I'm responsible for overall strategic planning, making major corporate decisions, managing resources, and team building.

Team size and key members

Include a CFO for financial strategy, a CTO to lead technological development, and a Marketing Head to drive customer acquisition.

Competitors

Competitors

Other potential competitors may include well-established loyalty programs such as those hosted by major retailers or credit card companies. Additionally, new tech-driven startups could pose a threat if they offer innovative, seamless customer experiences in the same sector.

Our Advantages

ZDrawer empowers customers with point-swapping capabilities, boasts a wide array of rewards offerings and guarantees a tailor-made user experience.

Business model

We make money through transaction fees. We deduct 10% transaction fees from the points that customers wish to exchange or swap.

Traction

Our dedicated team is fully assembled and diligently working on bringing our innovative idea to life. We're actively in search for retail partners to join our burgeoning platform.

Develop a streamlined, core-version of your product, then introduce it to the market. This should efficiently draw in and engage users, boosting company progression.

Metrics

Swap points tally. Daily user engagement count. Monthly users interaction data. User dropout percentage (Churn Rate). Price spent on new client onboardings (Customer Acquisition Cost). Revenue projection from a customer's entire lifecycle duration(Customer Lifetime Value).

Incorporation

Our company incorporated in

South Africa

Key risks

The main risks could involve legal implications with reward program providers, handling security and privacy of users' data, gaining enough traction to maintain a diverse market, and facing competition from established reward programs or similar startups.

Investments

$

1000

We raised investments

Our Investors

There are currently no investors in the business

Rising Investments

$

100000

Currently, we are raising investments

$

25000000

Estimated pre-investment valuation of the company

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We’re looking for a co-founders

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Additional information

zDrawer
Idea
Date of Foundation
2021