What is Payforme?
Payforme lets you create a link for your needs, gifts and more, so others can pay for you. Unlike traditional crowdfunding, where cash is collected, contributions go towards purchasing the items directly, ensuring the support goes exactly where it’s needed.
Problem
Users face challenges in receiving monetary support for their needs, gifts, and other expenses through traditional crowdfunding platforms as the contributions collected are in cash, leading to potential uncertainties and misuse.
Solution
A platform that enables users to create personalized links for their needs, gifts, and expenses, allowing others to directly pay for the specific items required, ensuring the support is utilized appropriately. Users can create links for specific needs and gifts, and contributors can directly pay for those items.
Customers
Individuals seeking financial assistance for personal needs, gifts, and expenses, and those looking to support others in a more targeted and secure way. Individuals seeking monetary support for specific needs and recipients offering assistance for those needs.
Unique Features
Direct payment for specific items, personalized assistance links, elimination of cash handling in crowdfunding, ensuring transparency and targeted support.
User Comments
Easy way to receive support for needs without cash handling
Great alternative to traditional crowdfunding platforms
Love the concept of direct contributions for specific items
Highly secure and transparent way to receive financial assistance
Saves time and effort in collecting funds for necessities.
Traction
The product has gained traction with over 1,000 downloads in its first month of launch, generating $20,000 in revenue through support purchases.
Market Size
The global crowdfunding market was valued at approximately $13.9 billion in 2019, and it is expected to grow at a CAGR of around 16.2% from 2020 to 2027, indicating a significant market size and growth potential.
