Julian Hinton
Solihull, WYK (UK)
Role(s):
Founder/Owner/Principal
RMN Ltd
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Startup
Location:
Solihull
Industry:
Software
Year Founded:
2007
Number Employees:
1-10 people
Description:
Funding of $503,000.00 is sought to take this newly developed software product to market.
The company focuses on the expanding “reminder” section of the software-as-a-service market, providing innovative services for business, the public sector and individual consumers. Addressing the lack of a comprehensive and integrated system of creating timely reminders, this fully developed internet based system delivers combined reminder messages either immediately or in advance via both email and mobile text messages. One of the many USP’s is that the system enables users to send combinations of messages over any time period to just the user or any number of other parties who might need a reminder of an event, appointment, meeting, or conference call etc. Other parties might be family members, work colleagues, customers or other contact groups. There is a significant potential for “white label” versions of the service.
The system is also highly focused to help businesses collect customer contact data, using this to communicate effectively through the Progressive Grid technology. This allows a ‘story board’ of linked email and text messages to be sent, ideal for sales campaigns and up-selling. In addition the inbuilt referral system enables companies to grow their potential customer bases and then use the inbuilt group email marketing software to run promotional campaigns to these potential customers.
This is a monthly subscription-based service, with various levels of membership to suit individuals, businesses, charities or public sector authorities, and is therefore a cash generative low cost high volume business model. Reminders are booked in the system through a pre purchased credit system so significant income is generated through usage of the software’s facilities as well as the membership fees. Funding is now required to take the product to market, and to continue its development. Investors with suitable skills may have a hands-on role, with an exit via buy-out within 2-3 years. Minimum tranches of £25,000.