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Status: Active

Jul 3rd 2020 - Aug 12th 2020

7 days left

Thyngs is a touch-free instant payment platform for businesses and charities. It has around 20 active re-seller partners for new sectors and markets. The company is working with PricewaterhouseCoopers (PwC) as part of its raise programme and actively engaging with several Series A Venture Capitalist (VC) funds intending to raise £4-5 million in late 2021 to scale its business. Thyngs aggregates various payment partners including PayPal, Worldpay, Apple Pay and Google Pay. The company was the cashless donation platform for 210,000 fundraising events for Macmillan's 'World's Biggest Coffee Morning', which raised £27 million in 2019. Many reputed organisations such as Warner Bros, Royal British Legion, Wasabi, National Geographic, and ANZ Bank are working with Thyngs. The company will use the investment to enhance its marketing campaign, bolster its sales team, work on data security and integrations on its platform, and expand the account management team to boost its business.

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Thyngs Rating Review

Rated on 13/07/2020

Pitch Rated

81%

Gold

Management

83%

Product

77%

Investment

84%

Pitch rating powered by CROWDRATING

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating
Click here for more information on our ratings
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Management 83%

Skills 91%
Thyngs has a skilled and diverse team covering the roles of operations, marketing, platform development, and finance. The CEO has a long track record of creating and leading teams to deliver innovative new consumer services in mobile payments, loyalty, and marketing. He is skilled in Electronic Payments, Location-Based Services, Cryptography, Contactless Payments, and Payment Services. Also, the CEO is effectively operating as CMO in the company. The CTO is specialised in New Business Development, Team Leadership, Business Analysis, Project Management, and Strategy. The company finances are overseen by their CFO, who is skilled in Statutory Accounting, Corporate Tax, Accounting, Financial Audits, and Management Accounting.

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Funding progress



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  • £256,386
    pledged
  • 128%
    of goal

    £200,000
    target

    £7,592,407
    pre-money valuation

    2.57%
    equity available

    342
    investors

    £750
    pledge per investor

    10049849
    company number

    Active
    company status

    08/03/2016
    incorporated 4 years

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  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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