WAC - Investment Opportunity
WAC was founded by Georgina who worked hourly paid jobs throughout her life. Keeping track of your hours, earnings and everything else that comes with this type of work can be a huge struggle and sometimes chaotic - we totally get it! We wanted to build an app that would very simply make work-life better and support millions of workers experiencing the same work & money management issues as Georgina did. We want to build a loving community, change what is viewed as normal, and make a true difference to this hard grafting workforce. We plan to disrupt the market and become the go-to work solution for consumers and businesses across the globe, and we are well on our way.
LIVE PITCHING
WAC's founder and CEO Georgina Fairhall pitching on one of Angels Den's and Fintech Circle's joint events.
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THE IDEA
Products & Services
WAC is a work & money management app. We make sure hard work counts - every minute & every penny! The app supports workers on a daily basis, offering a simple way to keep track of work hours & pay, putting a stop to endless shift notes, payslip guessing & payday panic. The intelligent solution also offers users a new way to manage recurring bills, outgoings & spending money between paydays, covering weekly, bi-weekly, 4- weekly & monthly pay periods. As well as so much more.
Our app is a tool for millions of workers on zero hour contracts, FT/PT contracts (minimum hour), gig economy workers & self-employed, who are typically working unpredictable or unsettled shift patterns.
Problem Solved
It's easy to lose track of hours when working chaotic shift patterns. Recording hours & earnings on a phone or by paper is very often the only option. Work is at the centre of life & not feeling in control of your earnings can cause huge amounts of worry and stress! Many users are unaware of total pay until payday & are quite often underpaid (439,000 workers in 2019). It's not just hour tracking... WAC is a simple tool supporting users across the globe with multiple work and money management problems that individuals face within this type of work. WAC app is an all inclusive B2C work app offering a solution for all these problems (rotas, contracts etc.) & this makes us unique in the market
Revenue Model
We hard launched in March 2020 & have spent 1.5 years vigorously testing, gaining user feedback & data analytics, as well as optimising our marketing so that we can enter a scaling phase. We are now seeing our install to registered user conversion at 83% MoM growth & organic growth at 113% MoM. We're now looking to gain huge amounts of traction as a free app here in the UK, whilst we start to mirror our success in the US and other European Countries that we are already gaining organic traction in. We will then introduce 3 separate revenue streams over the next 2 years:
B2C - A premium subscription & in-app marketplace, offering a support blanket to workers beyond our app.
B2B version.
Exit Strategy
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Minimum Target
£ 500,000
Maximum Target
£ 1,015,000
Minimum investment amount
£ 10,000
Maximum investment amount
£ 1,015,000
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The Idea
Products & Services
WAC is a work & money management app. We make sure hard work counts - every minute & every penny! The app supports workers on a daily basis, offering a simple way to keep track of work hours & pay, putting a stop to endless shift notes, payslip guessing & payday panic. The intelligent solution also offers users a new way to manage recurring bills, outgoings & spending money between paydays, covering weekly, bi-weekly, 4- weekly & monthly pay periods. As well as so much more.
Our app is a tool for millions of workers on zero hour contracts, FT/PT contracts (minimum hour), gig economy workers & self-employed, who are typically working unpredictable or unsettled shift patterns.
Problem Solved
It's easy to lose track of hours when working chaotic shift patterns. Recording hours & earnings on a phone or by paper is very often the only option. Work is at the centre of life & not feeling in control of your earnings can cause huge amounts of worry and stress! Many users are unaware of total pay until payday & are quite often underpaid (439,000 workers in 2019). It's not just hour tracking... WAC is a simple tool supporting users across the globe with multiple work and money management problems that individuals face within this type of work. WAC app is an all inclusive B2C work app offering a solution for all these problems (rotas, contracts etc.) & this makes us unique in the market
Revenue Model
We hard launched in March 2020 & have spent 1.5 years vigorously testing, gaining user feedback & data analytics, as well as optimising our marketing so that we can enter a scaling phase. We are now seeing our install to registered user conversion at 83% MoM growth & organic growth at 113% MoM. We're now looking to gain huge amounts of traction as a free app here in the UK, whilst we start to mirror our success in the US and other European Countries that we are already gaining organic traction in. We will then introduce 3 separate revenue streams over the next 2 years:
B2C - A premium subscription & in-app marketplace, offering a support blanket to workers beyond our app.
B2B version.
Exit Strategy
You have to log in or register to see this information.
