We use cookies to improve your experience on this site. By viewing our pages, you give us consent to use cookies. Find out more.

Technology

TrimCheck

Status: Funded

Nov 17th 2020 - Dec 24th 2020

TrimCheck is on a mission to introduce the world of barbering to freelance. It cites research data arguing that approximately 80% of barbers either pay rent for a chair or split their earnings with a barbershop owner. It aims to change this scenario and boost incomes for barbers. The company has two apps; one for customers and the other for barbers. Application features include advanced scheduling, payment processing, messaging, live call-out tracking, and more. The company has onboarded 300 barbers and 2,500 consumers since its launch. TrimCheck aspires to become a source of digital credibility for independent barbers. It is working on coming out with its training academy as a step towards the aspiration above. TrimCheck will use the investment received to penetrate markets in London, Manchester and Birmingham.

read more read less

TrimCheck Rating Review

Pitch rating powered by CROWDRATING

Rated on 02/12/2020

Pitch Rated

39%

Insufficient Data

Management

52%

Product

64%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

  • £163,951
    pledged
  • 327%
    of goal

    £50,000
    target

    £2,224,639
    pre-money valuation

    2.20%
    equity available

    287
    investors

    £571
    pledge per investor

    12600697
    company number

    Active
    company status

    13/05/2020
    incorporated 1 years

    £2.22
    share price

    Previous Funding rounds
    17 Nov 20 Crowdcube £163,951 / 328% 38.67%

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

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

Login to view the full report

Management 52%

Skills 45%
TrimCheck's team is relatively small, consisting of the Founder, the Product Design Manager, the Head of QA, and the Head of Customer Success. The CEO is the driving force behind the idea and responsible for architecting the technical solutions of the service. We could not establish any evidence that the Founder/CEO has prior expertise in establishing start-ups or handling senior positions in the management board. The Product Design Manager is competent in designing easy-to-use design solutions for mobile and web devices. He specialises in user-interface/user experience design (web and android/iOS apps), animations, prototyping, and responsive design. The Business Development Executive is skilled in customer service, customer experience, customer satisfaction, business process outsourcing (BPO), search engine optimisation (SEO), hiring, recruiting, and team management. As it is a newly established business, there is no dedicated finance head in the team at this stage of fundraising.

0 comments

Log in to comment


Funding progress



More from Technology

FETCH is a fully developed in-venue food and drinks order and pay solution built by POS8. The app allows customers to view a menu, order food and drink and pay securely, in a matter of seconds from their smartphones. POS8 claims that Fetch's 'Intelligent Ordering System' sends orders to a venue staff’s devices according to who has the fewest orders waiting. FETCH has helped 109 venues go live and processed 26,000 transactions from 87,000 registered users earning a platform flowthrough of £265,000 in March 2021. It has partnered with multiple Point of Sale (PoS) and payment systems including, Zonal, Oracle, Stripe, Square, and Adyen, to create an end-to-end solution, easy for venues to adopt. FETCH aspires to take a healthy share of the £98 billion food and drinks market. It will use 60% of the investment towards sales and marketing, 20% towards operations and 20% towards product development.
pledged: 102% days to go: 40 investment: £1,028,263
Nexus is a digital platform that empowers users to take control of their health and wellbeing. It argues that long-term health conditions like diabetes and cancer will account for over 50% of global health spending by the end of 2021 with depression becoming the leading cause of disability. Nexus aims to address this situation via its app. It argues that its app will offer users health coaching, telemental health, products, and services to transform their lifestyle. Nexus claims that the app can track progress via self-entered user data and is being designed to connect with apps and wearables to inspire life-long behavioural change. Nexus has prepared a pilot for an NHS Trust endorsed by Boston Scientific with a collaboration agreement to roll out the app to 30,000 NHS users. Nexus was one of 100 startups chosen to pitch at the World Business Angels Forum 2020. It will use the investment to support Phase 2 of its tech build, grow further in the UK, and start its expansion in the UAE.
pledged: 85% days to go: 24 investment: £127,680
UnderPinned gives freelancers a single, dedicated platform to learn how to build a successful business, find clients, manage their work, and help them get paid on time. The company aspires to build a connection with users that ensures everyone thrives through its accelerator programme, community, and content. UnderPinned asserts that its accelerator programme allows it to achieve day one unit profitability before converting users to subscribers. It claims to have made £12,772 in revenue with £8,000 spent on marketing in its first month of programme sales in January 2021. The company argues that COVID-19 has accelerated freelancing, moving away from traditional employment. UnderPinned has a community of over 20,000 subscribers and growing. It will use the investment to scale its team, marketing and product development as it focuses on expanding in the US and EU markets.
pledged: 121% days to go: 24 investment: £609,156
Arkivum Limited is a cloud-based Software as a Service (SaaS) that provides specialist digital archiving and preservation services to customers in highly regulated industries, such as pharmaceuticals. Arkivum asserts that its software ensures that the digital content of its customers is safeguarded, usable, and auditable for decades into the future. Arkivum argues that its focus area is archiving clinical trial data for pharmaceutical companies, centring around Electronic Trial Master File (eTMF) that contain tens of thousands of different types of documents and overseen closely by drug sponsors. The company further claims that its services triumph over those offered by Amazon Web Services (AWS), Google Cloud Platform (GCP) and Microsoft Azure. Arkivum points out that its services have led to the company earning £1.4 million as Annual Recurring Revenue (ARR) as of March 2021. Arkivum is seeking to raise up to £1.075 million of equity to grow its business across different verticals.
pledged: 0% days to go: TBC investment: Withheld
Vizopay aims to combine financial technology and environmental sustainability in the payments space. Its mission is to become the world's leading carbon offsetting payment platform to help reverse the effects of climate change before it’s too late. The company claims that the total online retail sector is worth $4.1 trillion in sales today. Vizopay argues that if its services were to be used for just 0.1% of these purchases, the company can plant 500 million trees, capturing up to 6 million tonnes of CO2 every year. Vizopay, once fully launched, will allow consumers a checkout option to plant trees at no extra cost and track their impact in real-time and help businesses to increase sales, improve brand loyalty and showcase their ESG efforts through accredited carbon offset programmes. The company is targeting a potential UK market size of 20 million consumers. It will use the investment to launch its Beta product in Q3 of 2021 and grow its business.
pledged: 162% days to go: 17 investment: £81,248

  • £163,951
    pledged
  • 327%
    of goal

    £50,000
    target

    £2,224,639
    pre-money valuation

    2.20%
    equity available

    287
    investors

    £571
    pledge per investor

    12600697
    company number

    Active
    company status

    13/05/2020
    incorporated 1 years

    £2.22
    share price

    Previous Funding rounds
    17 Nov 20 Crowdcube £163,951 / 328% 38.67%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph