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.
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.