We’ve all been there, chasing people down for cash they agreed to donate towards a group gift. Lucky for us there is a new option to make things easier. Tiing is the first Canadian online money pool where people can see what’s donated already and keeps money all in one place. We connected with co-founder Nicolas Goutaudier.
What is your business called and what does it do?
Tiing, the only online Money pool on the Canadian market. This digital platform makes collecting money very easy for a group. Thanks to a very simple, quick and secure process, groups of people can collect money whether to finance a gift, organize an event, or support a cause.
What made you want to do this work?
Montreal, Spring 2018, someone is dreaming of a bike… But not just any bike…Nicolas Goutaudier decides to spoil his wife the bike of her dreams for her birthday. Only one solution : ask for all friends and family to collect money. But disillusionment was around the corner : the gift became a real headache for Nicolas who was never able to collect all the participations.
What problem did you want to solve with the business?
To ease the money collection for any types of events : celebrations, cause supports…
Who are your clientele/demographics?
Any Canadians organizing events where they’d love to collect money. 25 yo / 50 yo.
How does your business make money? How does it work?
A flat fee of $1 is charged for each contribution, with a 4% commission charged upon closing the money pool.
What is the best question a prospective customer could ask a member of your profession when comparing services? Give the answer as well.
What is the advantage of creating an online money pool platform compared to making a refund via Interac?
– Tiing is not a refund tool like Interac e-Transfer, but a platform for setting up an online money collection campaign.
– There’s a WOW effect because there’s a dedicated page for everyone.
– The amount collected is visible. It attracts people’s curiosity and encourages them to take part. We’re talking about a snowball effect.
– Simplified management. You know how much and who is donating.
– Simplified follow-up. No need to ask others for money.
– More money raised in the end. Larger donations.
What is the best part about what you do? What is the worst part?
– One dedicated page to easy collect money online from group
– Participate from all around the world – no account needed
What is your favourite joke about your own profession?
There are no jokes in our profession because Tiing a money-collecting tool and above all it is supposed to be safe and serious! We don’t play around with other people’s money! 😉
Where can we follow you?
PAY IT FORWARD: What is another local business that you love?
Nuvei is a Canadian company, which enables businesses to accept leading payment options, optimise new revenue streams and make the most of their existing portfolio, all on a single payment platform.
