MyTM

Book, Pay and communicate
  • Sector E-commerce & online marketplaces, Communications & media, Financial & payment services, E-Ticketing
  • Country Pakistan
  • Founding date January 2018
  • Stage Paying users
We at MyTM enable and facilitate local and overseas Pakistanis to receive-send and make digital payments through our universal payment gateway while maintaining their credit history to apply for loans using RTQ Technology. We also have an e-commerce platform and social communication module.

General

Sector
E-commerce & online marketplaces, Communications & media, Financial & payment services, E-Ticketing
Category
Software
Product usage or interact
Desktop, Mobile/Tablet (iOS), Mobile/Tablet (Android))

Business

Target customer
Students, Frequent Travelers,Overseas Pakistanis, under-banked people
Customer acquisition strategy
ticketing services at present.
Revenue model
Transaction processing
Advertising
Data
E-Ticket commission
Bill payment processing

Market info

Market size
$127,000,000,000
Competitors
Competitor name
Competitor website
Easypaisa
http://easpaisa.com.pk
Jazzcash
http://jazzcash.com.pk
Wego
http://wego.pk
SastaTicket
http://sastaticket.com.pk
Bookme
http://bookme.pk

Total early investment
$2,000,000
Shareholder structure
Owner type
Name
Equity
Zain Farooq
Founder
% 75
Jawad Mahmood
Co-Founder
% 11
Rentracks
Company
% 14
Investment round
Angel Investment
Investment amount
$2,000,000
Equity on offer
% 20.0

Team

Zain Farooq  - Pakistan
Total team member
29
Comment
The team at MyTM is developing a smart artificial intelligence solution that will enable the users to apply for refunds, change and cancellation of the tickets without any hassle. We believe in providing users with all the calculations that might trouble them in taking a decision to change, cancel or refund a ticket. Revenue streams are the backbone of any project and at MyTM we have the most competitive service charges. We believe that a big behavioral change is evident in the near future. Digital payments will not only enhance the buying power but will enable the under-banked more security and lower interest rates.
Last update: 05.09.2020