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100%
Raised
£301,310
Investors
349
Target
£300,000
Equity
12.24%
Pre-money valuation
£2,150,000

Thyngs is a mobile technology platform that turns any physical object into an instant point of sale, connecting buyers, sellers and brands. With a sustainable business model in the UK charity sector and key partnerships in place, we are now targeting growth in the mobile proximity payments market.

  • Designed to turn any physical object into an instant point of sale
  • Founder has previously founded and exited a business in this sector
  • Key relationships with Apple, PayPal, Stripe, Worldpay and others
  • Over 250,000 units sold to date, and more than 125,000 conversions

Idea

Thyngs is a mobile technology platform designed to turn any physical object into an instant point of sale using QR & NFC tags.

By harnessing the technology in today's smartphones, consumers can purchase anything without going to a till or downloading an app, retailers can sell anything without needing a payment terminal, & brands can drive mobile engagement and sales.

We've built a simple, secure and affordable way for any business to take advantage of the growth in mobile payments, and have already created a sustainable business model in the £9.7 billion UK fundraising sector.

Charities are using our platform to turn collecting boxes, shop windows and even staff into instant mobile donation points, more than covering ongoing costs with the extra income generated through Gift Aid. Global brands are also using it to engage and convert customers directly from marketing, merchandise, packaging, and products.

With over 250,000 units sold to date, we have the broader market for mobile proximity payments – predicted to account for $410 billion in sales by 2020 – firmly in our sights. We've already established relationships with companies like Apple, PayPal, Stripe and Worldpay, and our focus is now on growing the business & becoming the de facto method of triggering mobile payments and marketing conversions from physical objects.

There are commercial and directors loans in the business.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Thyngs has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.