Executive Summary: Zip is a FinTech company that provides ‘Buy Now, Pay Later’ (BNPL) solutions to both merchants and customers. Zip makes money via merchant fees, interest from loans, account establishment fees, as well as penalty fees. Founded in 2013, Zip has grown to become one of Australia’s largest BNPL providers. The company has raised … Read more
Executive Summary: Splitit is a FinTech company that provides ‘Buy Now, Pay Later’ (BNPL) solutions to both merchants and customers. Splitit makes money via fixed and variable fees that are paid by the merchants it partners with. The fee structure is dependent on when the payment is transferred as well as the country the merchant … Read more
Executive Summary: IPSY is a monthly subscription service that sends out personalized boxes containing make-up and skincare products. IPSY makes money via subscriptions, e-commerce and private-label product sales, events, as well as product placements. The company operates on a subscription-based business model. Launched in 2011, IPSY has grown to become one of North America’s biggest … Read more
Executive Summary: Yik Yak is an anonymous social media platform that allows users to read messages from others in proximity. Yik Yak failed because users moved on to other platforms, due to countless cases of cyberbullying, the removal of anonymity, as well as not having a sustainable business model. What Is Yik Yak? Yik … Read more
Executive Summary: Club Penguin was a massively multiplayer online game that allowed users to play penguin characters who could access various games, chat with each other, or adopt pets. Club Penguin was shut down because interest in the game continuously declined, which likely led to a significant decrease in revenue. What Was Club Penguin? Club … Read more
Executive Summary: Anki was a robotics company which produced and sold AI-powered toys. Its most prominent products were Anki Drive, Overdrive, Cozmo, and Vector. Anki had to shut down in April 2019 after raising close to $260 million in venture capital funding as it failed to raise additional capital. What Was Anki? Anki was a … Read more
Executive Summary: Wealthsimple is a personal finance platform offering a variety of products, including automatic investment portfolios, tax optimization, or (crypto) trading. Wealthsimple makes money via management fees, currency conversion fees, operations fees, additional services, interest on cash, as well as interchange fees. Founded in 2014, Wealthsimple has grown to become Canada’s biggest robo-advisor. The … Read more
Executive Summary: Getir is an online grocery delivery platform that ships products within 10 minutes. The platform works together with local warehouse operators who then deliver the products. Getir makes money by selling groceries (and other products) at marked-up prices as well as via delivery and other associated fees. Founded in 2015, Getir has quickly … Read more
Executive Summary: Just Eat is an online food delivery platform that allows customers to order from over 580,000 restaurants in 24 countries. Just Eat makes money via restaurant commissions, delivery fees, delivery and service fees, sponsored placements, merchandise and packaging sales, as well as interchange fees. The company operates on a marketplace business model. Founded … Read more
The internet (and the world, for what it’s worth) is a messy place. Many industries oftentimes have hundreds or even thousands of businesses competing against each other. That, in turn, creates a lot of complexity for customers. Just imagine having to sift through dozens of websites, trying to uncover the information you need, and then … Read more