Payfull

Online Payment Collecting System
Startup name
Payfull
Web address
Founding date
January 2016
Incorporation
Yes
Total team member
6
Startup stage
Paying users
Category
Software
Sector
Financial & payment services
Product usage or interact
Desktop, Mobile/Tablet (iOS), Mobile/Tablet (Android), API
City
Istanbul, TR

Elevator pitch

Payfull comes to solve collecting money problem that needs a lot of paper works and technical difficulties, by providing an online platform integrates all payment gateways in one place.
Customers can request their money via SMS, email or create their customized payment plan.
This will save customers time and increase their business growth with high secured platform and best user experience.

Team

Muhammad Alabed

This is Muhammad, Syrian Computer Systems Engineer, Senior web developer from 2008 with many successful big projects in E-learning/E-commerce/E-payment. I am entrepreneur with believe in success through learning, planning and perseverance. I am CTO, strategies planner and startup consulting.

Recep Erdogan

My name is Recep Erdogan, an entrepreneur with beliefs, one of them is that the internet is the future of economy. I lived and studied in USA; in 2011, I came back to Turkey, since then, I started my own startup. I'm an owner of alwaysfashion.com, and a CEO at Payfull, an online payment solution.

Business model

Target customer

Companies that wants to get paid online.

Customer acquisition strategy

Direct marketing, online Marketing, Content Marketing, Search Engine.

Revenue model

Multi-Revenue Model:
- Subscriptions (yearly).
- Channel Sales (or Indirect Sales) (re-sellers).
- Web Sales: Customer can go to online website and pays directly for the product.

Market info

Market size

$ 110,000,000

Competitors

Competition

It is big market with less number but big players.
Competitors solved the problem very well but:
- Customer like to use much better user experience.
- Customer need to integrate this application to his local management software.
- Customer want ready plugins to his website.
- Customer prefers easy API to extend his business.
All above we offer in the best way and much better than the competitors.

KPI's

  • 19,542 Transactions number
  • 1,400,000 Total Transactions Amount (USD)
  • 55 Number of customers

Startup traction

We launched Payfull from 6 month ago and right now Payfull is a well known brand in the FinTech Turkish Market with 1,400,000 USD as online money transfer.
Payfull made many partnerships with big players like "Asseco, Hepsipay, MOKA ".

We have many customers from many business sectors because of widely trusted and fit the market needs very well:
- Süvari, Hatemoğlu, Alwaysfashion ...etc - E-commerce sector.
- Prestij Dokuma, Dexua, Benjuma ...etc - Luxury Sector
- Plaza Tur, Grand Sahil Otel, Uluçlar Turizm ...etc - Booking/Flight Sector
And others more in other sectors.

We are growing quickly as fast as 30% per month, our team also is growing and market become much in need to Payfull day by day.

Publication date: 16 September 2017