Easygoband is a RFID smartband that allows personal identification and cashless payments. Its products are aimed at hotels, events, parks, resorts and music festivals all over the world. Easygoband has sold over 300k wristbands to date and has signed sales agreements of over €400k during the first quarter of 2018.
We are a company that gathers the advantages of RFID and cashless technology in a wristband, and brings it to businesses in the tourism industry in order to maximise and increase their revenues and offer their audiences a unique experience.
In addition to Spain, our two main products – which are B2B – are also currently being used by a luxury resort group in Mexico and for different events in Argentina and Uruguay. We are now about to launch our new B2C product by the end of February 2018, aimed at final users.
Cashless technology has proven itself as one of the most convenient mode of payment for any business nowadays. According to VISA, the average US consumer spends from 25% to 40% more when using a cashless payment method.
In addition, RFID technology enhances the cashless advantages, offering the final user a seamless, secure experience.
Our main revenue streams are composed of: i) set up fees per client, ii) daily fixed fee per user and iii) a fixed fee for every new wristband issued.
Our outlook for new recurring B2B clients is positive, with 14 contracts currently under negotiation to be implemented during 2018. These agreements would represent a minimum of €500,000 in additional revenue on top of the €400,000 from already signed contracts.