Technologies Used
Ruby on RailsProject Team
About
We create software that help maid agencies improve HR processes, safeguarding maids' salaries and empowering them to improve their financial standing using MasterCard's Simplify Commerce and MoneySend APIs.
Comments
GDD Judge 3 - 2662d
Very promising product. I suspect the revenue source can be found in the data gathered.
Leonardy Kristianto - 2662d
Hi there, thank you so much for your kind words! You're right - our revenue will mostly be generated from aggregated remittance transactions done through our platform. :)
GDD Judge 2 - 2662d
Not sure market is sizable and have questions about maids wanting to be paid with electronic funds
Gwen Yi Wong - 2662d
Hi there, thank you so much for your question! Based on our research, we do believe the market is sizable, especially when you take into account all blue-collar workers in Malaysia (approx. 2M) and SEA (approx. 5M).
Gwen Yi Wong - 2662d
The maids’ main issue is that they don’t receive payment from their employers – foreign labor laws are lax, and it is too easy for them to be silenced.
Gwen Yi Wong - 2662d
Our electronic system allows them to receive timely payments – an option that is far superior to not getting paid at all.
Gwen Yi Wong - 2662d
This system also allows maids to receive lower remittance fees over all because of our aggregation technologies. For a family where every cent counts, this is priceless.
Gwen Yi Wong - 2662d
Hi Ben! Thanks for your question. The issue isn't with competing HR software (even though those giants have yet to expand to SEA),
Gwen Yi Wong - 2662d
but with including maids and other blue-collar workers in the formal financial sector. The only way for us to do that is by taking maid agencies online for free / a minimal fee.
Gwen Yi Wong - 2662d
Our real revenue will come from the aggregated remittance transactions done through our platform - projected to be around $4M / ARR. Hope this clears things up!
GDD Judge 5 - 2662d
Good idea that will meaningfully change lives for the better. Great all around. Might want to have a paid-level for the agencies that are above 100/1000/10000 maids.
Leonardy Kristianto - 2662d
Hi there! Yes, we are definitely going to be charging more for bigger agencies. In the LOIs we received from the two agencies, we agreed on a charge of RM2500/year (USD$595.20/year) or RM2/maid (USD$0.50/maid).
Leonardy Kristianto - 2662d
Once again, though, most of our revenue will come from the aggregation remittance transactions. Glad great minds think alike!
GDD Judge 6 - 2662d
Leonardy Kristianto - 2662d
Leonardy Kristianto - 2662d
Leonardy Kristianto - 2662d