Tuipoint
By Tuipoint
NZ $164,000 pledged
61 people pledged
Closed
NZ $100,000 minimum target
This campaign was successful and closed on 14/02/2021 at 8:00 PM.
Make a PledgeAbout
Tuipoint
Wasting time physically queuing is a thing of the past
Say goodbye to long frustrating waits at the barber. No more missing the game while waiting in line for a pie and a beer. Say hello to getting your time back.
New Zealand tech start-up, Tuipoint, is a time saving smart queuing app that allows customers to join a live virtual queue and pay for their services or products while continuing on with their day. They will receive a reminder notification of their pending queue placement and then a final notification that their queue placement is in approximately 'x' minutes confirmed by the countdown timer. Say goodbye to wasting time physically waiting in queues while not knowing how long your wait is going to be. Originally built for barbers, the App is now in demand for many businesses struggling with long queues and waiting times, as well as those businesses adapting to new social distancing requirements.
Above: Our Barbershop Model - 'easy as pie'.
Tuipoint has been developing, testing and operating successfully in busy barber shops in both New Zealand and the United Kingdom for the past two years. During this time (slowed down by covid-19) we have worked closely with several barber shop owners to improve the customer experience. “Let your phone queue for you” quickly became our catch phrase and has generated significant enquiry from a variety of businesses where customers currently have to physically queue.
Ultimately we plan to expand our footprint around the world, and in many different sectors, while continuing to develop and enhance the platform.
In addition to barber shops, we are establishing a presence in coffee shops and are actively pursuing our growth strategy to integrate with cafes, nail salons and hair & beauty salons with beauticians, tattooists and personal trainers.
More recently, Tuipoint has partnered with Stack-Cup UK to develop an exciting offering for stadiums and festivals. Stack-Cup provides a 100% recyclable cup and integrating the Tuipoint App will enable customers to purchase food and beverages through our platform and pick up their order, you guessed it, without having to physically queue!
Above: Notification of pending queue placement.
We are currently planning our expansion into other sectors where the frustration of queuing for long periods is the "old" way of doing business, including Medical Centres, Covid-19 Testing & Vaccination Centres, Government Organisations such as Work and Income New Zealand, as well as queuing drivers for vehicle fitness checks, servicing and repairs.
Smart queuing doesn’t just mean our App is clever.
We are using smart technologies to give the customer the ultimate experience. Not all customers want to download an App so our solution uses two different methods of letting customers queue via our Web App. Their phones camera can be used to scan a QR code (just like the ones used for the NZ Government's Covid-19 tracking system) and this will open our web page for that business.
Similarly they can also tap their phone on a NFC (Near-Field Communication) sticker or tag and once again their device will open on our web page for the business. NFC technology powers contactless payments via mobile wallets like Apple Pay, Android Pay, as well as contactless cards. Customers would only be required to Register on their first use.
Additionally, we are ready to deploy geo-fencing technology which is a virtual perimeter for a real-world geographic area. A geo-fence could be dynamically generated—for example a radius around a specific location, or a geo-fence can be a predefined set of boundaries which we use to trigger an action (start to prepare their coffee) as the customer is coming to pick up their order, get a haircut or get their nails done.
Other future plans that will reduce our ongoing transaction costs include the development or acquisition of an EPOS Solution (Electronic Point Of Sale) and our own Payment Gateway.
Investment Summary
Tuipoint International Limited is seeking to raise up to $700,000 of investment capital to help us grow our exciting virtual queuing business, first in New Zealand and the United Kingdom, and then throughout the world.
Our aim is to raise $700,000 through crowdfunding investors. As part of the total raise, we are seeking up to $200,000 through wholesale investors.
The rigorous development of the App and backend technology has been done. New investor funds we will be mostly used to grow our business through sales and online marketing initiatives targeting both business and consumer channels.
Class A - Ordinary Shares
Ordinary Shares to issue to wholesale investors shall have the same rights attaching to them as the existing shareholders in the company including the right to vote at shareholders meetings. The minimum offer for Ordinary Shares has been set at 40,000 shares. Wholesale investors must submit a completed certificate confirming the applicant’s status as a wholesale investor as defined in clause 3 of schedule 1 of the Financial Markets Conduct Act 2013, and must sign Tuipoint International Limited’s shareholders’ agreement. A copy is available on request.
Class A shares, as a result of this capital raising, will not exceed more than 5 shareholders.
Class B - Investor Shares
Investor Shares shall carry limited voting rights at shareholders meetings but in all other respects carry the same rights as Class A shares. The maximum any one investor can invest via the crowdfunding campaign is $20,000 (equivalent to 2.8% of the maximum crowdfunding investor capital raising).
Use of Funds
As can be seen above, the minimum investment will be used mostly for sales and marketing, as Tuipoint will continue to leverage its collaborative partnerships within key sectors.
Investment above the minimum will enable the acceleration of additional sales at an earlier stage.
In the table above, ‘working capital’ includes overhead expenses, employee wages and other costs. As at the date of this offer Directors are not paid however if Tuipoint appoints an independent Director, fees may be required to be paid.
Other than as specified above, no payments from the funds raised will be made (directly or indirectly) to related parties or controlling shareholders.
Milestones
Our Team
Opportunities
We are currently targeting the following sectors in New Zealand and the United Kingdom. Australia and the United States are to follow shortly.
Major growth opportunities we are focused on:
Medical Centres
Remove the frustration of having patients sitting in an often crowded waiting room by holding them, for example, at home or work until the App notifies them to head to the clinic. They will be able to choose between a physical consult, phone or video consultation. They can also prepay in the App for a seamless experience.
Covid-19 Testing & Vaccine Stations
Remove the frustration of patients sitting in cars, causing congestion and a traffic hazard, while not knowing how long the wait will be, patients would be held at home until the App notifies them to head to the Testing or Vaccine Station.
Government
As social needs continue to increase in these uncertain times, people are forced to physically queue, sometimes for hours, outside of Government organisations such as Work and Income New Zealand, our App will eliminate the very real stories of joining physical queues at 2am and reduce long wait times.
Stadiums and Festivals
Make the most of that pre-match rush by enabling fans to order and pay from their own device, in their own time. Enable in seat ordering and delivery or with a simple designated collection point, you’ll see a huge reduction in waiting at tills and a corresponding increase in orders.
Restaurants
Help your customers find exactly what they want, fast, with their own personal ordering kiosk — removing queues and speeding up the order process. Increase revenues through smart recommendations and upsells.
Pubs and Bars
Remove the scrum at the bar by enabling your customers to order from their table or collect their order from a collection point. Make it easier for regulars to re-order their usual, with saved last orders and make it even easier for customers to get in that extra round.
Coffee Shops
Serve more customers in less time. Reduce queues at tills, watch loyalty increase and with order-at-table help your customers ease back into the new normal by letting them use your café as a second home or office.
Tattoo, Beauty and Nail Salons
Give your customers the choice to join a virtual queue from anywhere, without having to physically visit the business. Stay informed of their position in the queue and get reminders so they can just show up when it’s their turn.
Vehicle WOF/COF servicing and repairs
Queue your customers for Warrant of Fitness checks, regular maintenance and service repairs without the need to drop the vehicle off at the start of the day, organise loan vehicles or a pick up and collect at the end of the day.
In the Media
Key Risks
As with any business, Tuipoint faces many potential risks from changing technologies, competition and execution risks around the implementation of our growth strategies. We have outlined these risks in detail in our Information Memorandum.
Company Details
Tuipoint International Limited
Company Number: 1561115
NZBN: 9429035158417
Registered Office: 73 Kauri Road, Stanmore Bay,
Whangaparaoa 0932, New Zealand
Website: www.tuipoint.com
For further information or to discuss this investment opportunity:
Email: [email protected]
Call: 0276 414 887
A Note from PledgeMe
We have completed Veda checks on Tuipoint International Limited, and their Directors, as well as Google checks. There were no adverse findings.
Updates 13
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Last Chance - Only a Few Hours to Go
14/02/2021 at 12:42 PM
Hi everyone,
Just a quick reminder that today is the final day to invest in Tuipoint through our equity crowdfunding campaign.
Our campaign ends at 8pm tonight. So if you have been on the fence thinking about investing, now is time!
Thank you once again for all your support, we sincerely appreciate it.
The Tuipoint Team
Final Opportunity - Only 2 Days to Go
12/02/2021 at 9:07 AM
Hi all,
Just a quick note to let you know that Tuipoint's equity crowdfunding campaign ends this weekend so if you are considering investing, you have only have two more days to do so.
As Tuipoint has met its minimum fundraising goal, the campaign is live and will be completed.
If you have already pledged, thank you! If not, this is the final opportunity to join our loyal team of shareholders.
And please do us one last favour. Tell your family and friends about us. Send them to this campaign. Even if they are unable to invest, they can still help us get the word out about our time saving, productivity enhancing Tuipoint app.
Kind Regards
Tuipoint Team
You need to pledge to see this update.
Tuipoint Has Reached its Equity Crowdfunding Goal!
01/02/2021 at 10:08 AM
Tuipoint has now reached our fundraising goal, which means the campaign is now "live" and the pledges will be confirmed at the end of the campaign on 14 February. I would like to personally say a massive thank you to all of our supporters and pledgers to our campaign.
But we are not finished yet!
There is still two weeks to go in our equity crowdfunding campaign so if there is anyone you know - friends, family or colleagues - that might be interested in joining our awesome team of shareholders, please do share our offer with them.
Meeting our minimum fundraising goal is just the start. Raising additional funds and creating more awareness for Tuipoint, will allow us to implement our ambitious growth strategy in New Zealand and overseas.
Thank you once again and I look forward to updating you further in the near future.
Matt Brooks
Founder & CEO
You need to pledge to see this update.
You need to pledge to see this update.
Tuipoint provides update on Stack-Cup partnership
19/01/2021 at 9:56 PM
Following on from our announcement late last year that Tuipoint has partnered with Stack-Cup in the UK, the two companies have been hard at work formalising arrangements while working on the introduction of Tuipoint to existing Stack-Cup clients.
Some of the UK venues that Stack-Cup will be introducing Tuipoint to in the near future include SSE Arena Wembley, Boxparks, Wembley Stadium, Eventim Apollo, Allianz Park, The O2, Welford Road Stadium, Lee Valley, Jockey Club, Racecourses (x20), The Oval, Kingston Park Stadium, The Spitffire Ground, Queen Elizabeth Olympic Park, The Hydro - Glasgow.
These are an impressive array of major stadiums and venues.
Stack-Cups are also used in many festivals around the UK.
Stack-Cup UK have an impressive list of clients and Tuipoint is thrilled to offer its smart queueing solutions to these businesses.
Tuipoint is also working hard to establish its presence across New Zealand in barber shops, coffee shops, cafes, nail salons, hair & beauty salons, beauticians, tattooists, vehicle warrant of fitness service centres, medical centres and Government organizations such as WINZ, and any other business where customers are required to queue!
New Zealand tech start-up, Tuipoint, is a time saving smart queuing app that allows customers to join a live virtual queue and pay for their services or products while continuing on with their day. They will receive a reminder notification of their pending queue placement and then a final notification that their queue placement is in approximately 'x' minutes confirmed by the countdown timer. Say goodbye to wasting time physically waiting in queues while not knowing how long your wait is going to be. Originally built for barbers, the App is now in demand for many businesses struggling with long queues and waiting times, as well as those businesses adapting to new social distancing requirements.
You need to pledge to see this update.
In Conversation: PledgeMe and Tuipoint's Founder, Matt Brooks
09/12/2020 at 7:11 PM
On Tuesday the 8th, our Founder Matt Brooks spoke with Emma from the PledgeMe team to discuss his vision for the company, Tuipoint's latest wins, and how we've gone about developing the ultimate customer experience for anyone who needs to queue, from barbershops to the future of ordering drinks at stadium sporting events.
Take a look!
We have one week left on our equity crowdfunding campaign and are over 23% funded. We can't wait to take our operations to the next level, and we hope you'll join us on our growth journey.
If you've been thinking about pledging but haven't yet, now's the time! If you've already pledged, help us reach our goal and get the word out there to family and friends who could be interested in investing in our smart queuing app. We can make this happen!
Regards,
The Tuipoint Team
Tuipoint Signs MOU with Stack-Cup to Deliver the Ultimate Consumer Experience at Stadiums and Festivals
29/11/2020 at 9:40 AM
Yesterday Tuipoint signed an MOU with Stack-Cup, a company headquartered in the UK dedicated to eradicating single-use plastic cups with their cleverly designed stackable cup that allows patrons to carry multiple drinks per hand.
The co-marketing agreement allows for Stack-Cup to introduce and use Tuipoint technology at stadiums and festivals across the UK and Australia while receiving a commission on Tuipoint revenues.
This is great news for Tuipoint as it allows the Company to rapidly expand its footprint into stadiums and festivals in very large markets at a very low cost.
Currently, Stack-Cup is used at many popular stadiums and events including the famous Lords Cricket Ground in London and the Hong Kong Sevens, and are rapidly expanding.
Together, Tuipoint and Stack-Cup will provide the ultimate consumer experience. Purchasing food and beverages in easy to carry, reusable packaging from their device through the Tuipoint platform, while picking up their order without having to queue.
You can learn more about Stack-Cup at https://www.stack-cup.com/#gallery
Tuipoint Equity Crowdfunding Campaign is Now Live!
24/11/2020 at 9:46 AM
Thank you to everyone for the support and the interest you have shown already. A successful raise will enable Tuipoint to pursue its growth strategies, and it is an opportunity for you to share in our success and be part of the next innovative Kiwi technology company.
On our page you can learn more about Tuipoint International Limited, get all the details of our offer and download our information memorandum.
We encourage you to ask as many questions as you need to in order to feel confident about investing in us. We feel positive the more you learn about Tuipoint, you will become just as excited as we are about our future.
Details
Offer Details
| Current Valuation | 5,250,000 |
| Raise Minimum | 100,000 |
| Raise Maximum | 700,000 |
| Share Price | 1.00 |
| Minimum Pledge | 500.00 |
| Maximum Shares Offered | 700,000 |
Explanation of valuation:
The valuation was undertaken by the Chief Financial Officer in conjunction with the Board of Directors using a variety of valuation methodologies and has been reviewed by our Key Advisors.
A valuation of $5,250,000 was derived using the Checklist method.
Under the VC method, Tuipoint is valued at $6,872,120.
Using the Comparative Transactions method, a similar but distinctly different pre-revenue App called Fetch had a pre-money valuation of £7,500,000 (NZ$14,358,083). It recently raised £909,930 (NZ$ 1,744,417), 640% of its target raise, on a major UK equity crowdfunding platform.
As the Company is a startup SAAS App Development Company operating in a unique industry it is difficult to perform a comparative analysis against similar companies in New Zealand and around the world.
Given the subjective nature of valuations and limited number of comparable transactions, the Board has adopted the lower of the three valuation methods presented above. The valuation represents 1.3x FY23 projected EBITDA and 4.7x FY22 projected revenues (our first full year operating).
Development and Testing
Tuipoint is essentially pre-revenue however we have thoroughly developed and tested our working App in 38 live environments over two years. In most cases, during our exhaustive testing, we have primarily offered our App to businesses at no charge or a basic subscription. Because of delays and business closures due to COVID-19 through much of 2020, we expect the majority of our test customers to convert to paying customers by the end of the 2020 or early 2021.
We currently have 13 revenue earning customers as at the date of this offer.
Financial Summary
| Prev Year | Current Year | Est. FY 2025 | Est. FY 2026 | |
|---|---|---|---|---|
| Revenue | NZ $0 | NZ $49,422 | NZ $1,110,874 | NZ $7,604,880 |
| Operating Expenses | NZ $0 | NZ $307,041 | NZ $1,266,568 | NZ $3,565,739 |
| EBITDA | NZ $0 | -NZ $257,619 | -NZ $155,614 | NZ $4,039,141 |
| Net Profit | NZ $0 | -NZ $257,619 | -NZ $162,694 | NZ $3,005,709 |
Company Details
Company Name: Tuipoint International Limited
Company Number: 1561115
Company Documents
Director Details
| Name | Role | Profile URL | Invested? |
|---|---|---|---|
| Matthew Brooks | Executive Director / Founder / CEO | https://app.companiesoffice.govt.nz/companies/app/service/services/documents/0009685EFD55359CA476019CFA4E44BD | ✔ |
| Victoria Brooks | Director | https://app.companiesoffice.govt.nz/companies/app/service/services/documents/D04987796B860194D449BDE1C6C5AA8B | ✔ |
| Prudence Lamerton | Director | https://app.companiesoffice.govt.nz/companies/app/service/services/documents/B3DB8054643A8A25464DE4E77D5DAEBC | ✔ |
Questions 1
Hi there, do you have a few customers already signed up to use the product. If so are you able to list them? Thanks!
Posted on 06-12-2020 by Jae BarrettThanks for your question. We currently have 38 customers with 13 revenue earning customers as at the date of this offer. We expect the remaining trial/test customers to convert to paying customers in the next 30-60 days. Also, Covid-19 has severely impacted our roll-out in the UK.
As you will appreciate our response to all questions is in the public arena and consequently it is not in our best interests while in our early growth stage to list our client base.
That said, here are two of our New Zealand customers...
From one of our pledgers
"I use this for my haircuts. Love it"
Custom Cutz in Kapiti, Wellington
From our Investment Memorandum
“Tuipoint has revolutionised our business. It’s simple and easy, customers love it – especially mums and busy people. Everyone’s happier and it’s hard to put a price on that”
Shaun & Cassie from Jetcharm Barbershop & Gentlemen’s Quarters in New Plymouth
Answered on 07-12-2020 by Tuipoint
Pledgers 61
13/02/2021 at 10:18pm
13/02/2021 at 4:05pm
13/02/2021 at 3:46pm
12/02/2021 at 7:17pm
"Looking forward to the outcome of this fantastic start-up! Go Taranaki!"
12/02/2021 at 7:11pm
11/02/2021 at 10:41am
10/02/2021 at 10:18pm
10/02/2021 at 9:18pm
"Excited to be on board!"
09/02/2021 at 5:50pm
"Wishing you the best of luck.... this is a FANTASTIC idea and I hope it flies"
09/02/2021 at 9:14am
08/02/2021 at 5:54pm
06/02/2021 at 10:46pm
05/02/2021 at 9:13pm
05/02/2021 at 7:08pm
05/02/2021 at 4:57pm
05/02/2021 at 2:38pm
05/02/2021 at 1:00pm
"Go Tui Point, what a Fantastic Product you have."
05/02/2021 at 12:57pm
05/02/2021 at 12:45pm
05/02/2021 at 12:17pm
05/02/2021 at 6:03am
02/02/2021 at 11:52am
01/02/2021 at 8:07pm
01/02/2021 at 5:52pm
01/02/2021 at 11:30am
"Lets grow"
01/02/2021 at 2:03am
31/01/2021 at 2:47pm
30/01/2021 at 2:22pm
"TuiPoint has enormous potential! I'm looking forward to seeing the business grow."
29/01/2021 at 8:13pm
29/01/2021 at 4:30pm
Followers 37
Followers of Tuipoint
Tuipoint
Wasting time physically queuing is a thing of the past
Say goodbye to long frustrating waits at the barber. No more missing the game while waiting in line for a pie and a beer. Say hello to getting your time back.
New Zealand tech start-up, Tuipoint, is a time saving smart queuing app that allows customers to join a live virtual queue and pay for their services or products while continuing on with their day. They will receive a reminder notification of their pending queue placement and then a final notification that their queue placement is in approximately 'x' minutes confirmed by the countdown timer. Say goodbye to wasting time physically waiting in queues while not knowing how long your wait is going to be. Originally built for barbers, the App is now in demand for many businesses struggling with long queues and waiting times, as well as those businesses adapting to new social distancing requirements.
Above: Our Barbershop Model - 'easy as pie'.
Tuipoint has been developing, testing and operating successfully in busy barber shops in both New Zealand and the United Kingdom for the past two years. During this time (slowed down by covid-19) we have worked closely with several barber shop owners to improve the customer experience. “Let your phone queue for you” quickly became our catch phrase and has generated significant enquiry from a variety of businesses where customers currently have to physically queue.
Ultimately we plan to expand our footprint around the world, and in many different sectors, while continuing to develop and enhance the platform.
In addition to barber shops, we are establishing a presence in coffee shops and are actively pursuing our growth strategy to integrate with cafes, nail salons and hair & beauty salons with beauticians, tattooists and personal trainers.
More recently, Tuipoint has partnered with Stack-Cup UK to develop an exciting offering for stadiums and festivals. Stack-Cup provides a 100% recyclable cup and integrating the Tuipoint App will enable customers to purchase food and beverages through our platform and pick up their order, you guessed it, without having to physically queue!
Above: Notification of pending queue placement.
We are currently planning our expansion into other sectors where the frustration of queuing for long periods is the "old" way of doing business, including Medical Centres, Covid-19 Testing & Vaccination Centres, Government Organisations such as Work and Income New Zealand, as well as queuing drivers for vehicle fitness checks, servicing and repairs.
Smart queuing doesn’t just mean our App is clever.
We are using smart technologies to give the customer the ultimate experience. Not all customers want to download an App so our solution uses two different methods of letting customers queue via our Web App. Their phones camera can be used to scan a QR code (just like the ones used for the NZ Government's Covid-19 tracking system) and this will open our web page for that business.
Similarly they can also tap their phone on a NFC (Near-Field Communication) sticker or tag and once again their device will open on our web page for the business. NFC technology powers contactless payments via mobile wallets like Apple Pay, Android Pay, as well as contactless cards. Customers would only be required to Register on their first use.
Additionally, we are ready to deploy geo-fencing technology which is a virtual perimeter for a real-world geographic area. A geo-fence could be dynamically generated—for example a radius around a specific location, or a geo-fence can be a predefined set of boundaries which we use to trigger an action (start to prepare their coffee) as the customer is coming to pick up their order, get a haircut or get their nails done.
Other future plans that will reduce our ongoing transaction costs include the development or acquisition of an EPOS Solution (Electronic Point Of Sale) and our own Payment Gateway.
Investment Summary
Tuipoint International Limited is seeking to raise up to $700,000 of investment capital to help us grow our exciting virtual queuing business, first in New Zealand and the United Kingdom, and then throughout the world.
Our aim is to raise $700,000 through crowdfunding investors. As part of the total raise, we are seeking up to $200,000 through wholesale investors.
The rigorous development of the App and backend technology has been done. New investor funds we will be mostly used to grow our business through sales and online marketing initiatives targeting both business and consumer channels.
Class A - Ordinary Shares
Ordinary Shares to issue to wholesale investors shall have the same rights attaching to them as the existing shareholders in the company including the right to vote at shareholders meetings. The minimum offer for Ordinary Shares has been set at 40,000 shares. Wholesale investors must submit a completed certificate confirming the applicant’s status as a wholesale investor as defined in clause 3 of schedule 1 of the Financial Markets Conduct Act 2013, and must sign Tuipoint International Limited’s shareholders’ agreement. A copy is available on request.
Class A shares, as a result of this capital raising, will not exceed more than 5 shareholders.
Class B - Investor Shares
Investor Shares shall carry limited voting rights at shareholders meetings but in all other respects carry the same rights as Class A shares. The maximum any one investor can invest via the crowdfunding campaign is $20,000 (equivalent to 2.8% of the maximum crowdfunding investor capital raising).
Use of Funds
As can be seen above, the minimum investment will be used mostly for sales and marketing, as Tuipoint will continue to leverage its collaborative partnerships within key sectors.
Investment above the minimum will enable the acceleration of additional sales at an earlier stage.
In the table above, ‘working capital’ includes overhead expenses, employee wages and other costs. As at the date of this offer Directors are not paid however if Tuipoint appoints an independent Director, fees may be required to be paid.
Other than as specified above, no payments from the funds raised will be made (directly or indirectly) to related parties or controlling shareholders.
Milestones
Our Team
Opportunities
We are currently targeting the following sectors in New Zealand and the United Kingdom. Australia and the United States are to follow shortly.
Major growth opportunities we are focused on:
Medical Centres
Remove the frustration of having patients sitting in an often crowded waiting room by holding them, for example, at home or work until the App notifies them to head to the clinic. They will be able to choose between a physical consult, phone or video consultation. They can also prepay in the App for a seamless experience.
Covid-19 Testing & Vaccine Stations
Remove the frustration of patients sitting in cars, causing congestion and a traffic hazard, while not knowing how long the wait will be, patients would be held at home until the App notifies them to head to the Testing or Vaccine Station.
Government
As social needs continue to increase in these uncertain times, people are forced to physically queue, sometimes for hours, outside of Government organisations such as Work and Income New Zealand, our App will eliminate the very real stories of joining physical queues at 2am and reduce long wait times.
Stadiums and Festivals
Make the most of that pre-match rush by enabling fans to order and pay from their own device, in their own time. Enable in seat ordering and delivery or with a simple designated collection point, you’ll see a huge reduction in waiting at tills and a corresponding increase in orders.
Restaurants
Help your customers find exactly what they want, fast, with their own personal ordering kiosk — removing queues and speeding up the order process. Increase revenues through smart recommendations and upsells.
Pubs and Bars
Remove the scrum at the bar by enabling your customers to order from their table or collect their order from a collection point. Make it easier for regulars to re-order their usual, with saved last orders and make it even easier for customers to get in that extra round.
Coffee Shops
Serve more customers in less time. Reduce queues at tills, watch loyalty increase and with order-at-table help your customers ease back into the new normal by letting them use your café as a second home or office.
Tattoo, Beauty and Nail Salons
Give your customers the choice to join a virtual queue from anywhere, without having to physically visit the business. Stay informed of their position in the queue and get reminders so they can just show up when it’s their turn.
Vehicle WOF/COF servicing and repairs
Queue your customers for Warrant of Fitness checks, regular maintenance and service repairs without the need to drop the vehicle off at the start of the day, organise loan vehicles or a pick up and collect at the end of the day.
In the Media
Key Risks
As with any business, Tuipoint faces many potential risks from changing technologies, competition and execution risks around the implementation of our growth strategies. We have outlined these risks in detail in our Information Memorandum.
Company Details
Tuipoint International Limited
Company Number: 1561115
NZBN: 9429035158417
Registered Office: 73 Kauri Road, Stanmore Bay,
Whangaparaoa 0932, New Zealand
Website: www.tuipoint.com
For further information or to discuss this investment opportunity:
Email: [email protected]
Call: 0276 414 887
A Note from PledgeMe
We have completed Veda checks on Tuipoint International Limited, and their Directors, as well as Google checks. There were no adverse findings.
You need to pledge to see this update.
You need to pledge to see this update.
Last Chance - Only a Few Hours to Go
14/02/2021 at 12:42 PM
Hi everyone,
Just a quick reminder that today is the final day to invest in Tuipoint through our equity crowdfunding campaign.
Our campaign ends at 8pm tonight. So if you have been on the fence thinking about investing, now is time!
Thank you once again for all your support, we sincerely appreciate it.
The Tuipoint Team
Final Opportunity - Only 2 Days to Go
12/02/2021 at 9:07 AM
Hi all,
Just a quick note to let you know that Tuipoint's equity crowdfunding campaign ends this weekend so if you are considering investing, you have only have two more days to do so.
As Tuipoint has met its minimum fundraising goal, the campaign is live and will be completed.
If you have already pledged, thank you! If not, this is the final opportunity to join our loyal team of shareholders.
And please do us one last favour. Tell your family and friends about us. Send them to this campaign. Even if they are unable to invest, they can still help us get the word out about our time saving, productivity enhancing Tuipoint app.
Kind Regards
Tuipoint Team
You need to pledge to see this update.
Tuipoint Has Reached its Equity Crowdfunding Goal!
01/02/2021 at 10:08 AM
Tuipoint has now reached our fundraising goal, which means the campaign is now "live" and the pledges will be confirmed at the end of the campaign on 14 February. I would like to personally say a massive thank you to all of our supporters and pledgers to our campaign.
But we are not finished yet!
There is still two weeks to go in our equity crowdfunding campaign so if there is anyone you know - friends, family or colleagues - that might be interested in joining our awesome team of shareholders, please do share our offer with them.
Meeting our minimum fundraising goal is just the start. Raising additional funds and creating more awareness for Tuipoint, will allow us to implement our ambitious growth strategy in New Zealand and overseas.
Thank you once again and I look forward to updating you further in the near future.
Matt Brooks
Founder & CEO
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You need to pledge to see this update.
Tuipoint provides update on Stack-Cup partnership
19/01/2021 at 9:56 PM
Following on from our announcement late last year that Tuipoint has partnered with Stack-Cup in the UK, the two companies have been hard at work formalising arrangements while working on the introduction of Tuipoint to existing Stack-Cup clients.
Some of the UK venues that Stack-Cup will be introducing Tuipoint to in the near future include SSE Arena Wembley, Boxparks, Wembley Stadium, Eventim Apollo, Allianz Park, The O2, Welford Road Stadium, Lee Valley, Jockey Club, Racecourses (x20), The Oval, Kingston Park Stadium, The Spitffire Ground, Queen Elizabeth Olympic Park, The Hydro - Glasgow.
These are an impressive array of major stadiums and venues.
Stack-Cups are also used in many festivals around the UK.
Stack-Cup UK have an impressive list of clients and Tuipoint is thrilled to offer its smart queueing solutions to these businesses.
Tuipoint is also working hard to establish its presence across New Zealand in barber shops, coffee shops, cafes, nail salons, hair & beauty salons, beauticians, tattooists, vehicle warrant of fitness service centres, medical centres and Government organizations such as WINZ, and any other business where customers are required to queue!
New Zealand tech start-up, Tuipoint, is a time saving smart queuing app that allows customers to join a live virtual queue and pay for their services or products while continuing on with their day. They will receive a reminder notification of their pending queue placement and then a final notification that their queue placement is in approximately 'x' minutes confirmed by the countdown timer. Say goodbye to wasting time physically waiting in queues while not knowing how long your wait is going to be. Originally built for barbers, the App is now in demand for many businesses struggling with long queues and waiting times, as well as those businesses adapting to new social distancing requirements.
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In Conversation: PledgeMe and Tuipoint's Founder, Matt Brooks
09/12/2020 at 7:11 PM
On Tuesday the 8th, our Founder Matt Brooks spoke with Emma from the PledgeMe team to discuss his vision for the company, Tuipoint's latest wins, and how we've gone about developing the ultimate customer experience for anyone who needs to queue, from barbershops to the future of ordering drinks at stadium sporting events.
Take a look!
We have one week left on our equity crowdfunding campaign and are over 23% funded. We can't wait to take our operations to the next level, and we hope you'll join us on our growth journey.
If you've been thinking about pledging but haven't yet, now's the time! If you've already pledged, help us reach our goal and get the word out there to family and friends who could be interested in investing in our smart queuing app. We can make this happen!
Regards,
The Tuipoint Team
Tuipoint Signs MOU with Stack-Cup to Deliver the Ultimate Consumer Experience at Stadiums and Festivals
29/11/2020 at 9:40 AM
Yesterday Tuipoint signed an MOU with Stack-Cup, a company headquartered in the UK dedicated to eradicating single-use plastic cups with their cleverly designed stackable cup that allows patrons to carry multiple drinks per hand.
The co-marketing agreement allows for Stack-Cup to introduce and use Tuipoint technology at stadiums and festivals across the UK and Australia while receiving a commission on Tuipoint revenues.
This is great news for Tuipoint as it allows the Company to rapidly expand its footprint into stadiums and festivals in very large markets at a very low cost.
Currently, Stack-Cup is used at many popular stadiums and events including the famous Lords Cricket Ground in London and the Hong Kong Sevens, and are rapidly expanding.
Together, Tuipoint and Stack-Cup will provide the ultimate consumer experience. Purchasing food and beverages in easy to carry, reusable packaging from their device through the Tuipoint platform, while picking up their order without having to queue.
You can learn more about Stack-Cup at https://www.stack-cup.com/#gallery
Tuipoint Equity Crowdfunding Campaign is Now Live!
24/11/2020 at 9:46 AM
Thank you to everyone for the support and the interest you have shown already. A successful raise will enable Tuipoint to pursue its growth strategies, and it is an opportunity for you to share in our success and be part of the next innovative Kiwi technology company.
On our page you can learn more about Tuipoint International Limited, get all the details of our offer and download our information memorandum.
We encourage you to ask as many questions as you need to in order to feel confident about investing in us. We feel positive the more you learn about Tuipoint, you will become just as excited as we are about our future.
Offer Details
| Current Valuation | 5,250,000 |
| Raise Minimum | 100,000 |
| Raise Maximum | 700,000 |
| Share Price | 1.00 |
| Minimum Pledge | 500.00 |
| Maximum Shares Offered | 700,000 |
Explanation of valuation:
The valuation was undertaken by the Chief Financial Officer in conjunction with the Board of Directors using a variety of valuation methodologies and has been reviewed by our Key Advisors.
A valuation of $5,250,000 was derived using the Checklist method.
Under the VC method, Tuipoint is valued at $6,872,120.
Using the Comparative Transactions method, a similar but distinctly different pre-revenue App called Fetch had a pre-money valuation of £7,500,000 (NZ$14,358,083). It recently raised £909,930 (NZ$ 1,744,417), 640% of its target raise, on a major UK equity crowdfunding platform.
As the Company is a startup SAAS App Development Company operating in a unique industry it is difficult to perform a comparative analysis against similar companies in New Zealand and around the world.
Given the subjective nature of valuations and limited number of comparable transactions, the Board has adopted the lower of the three valuation methods presented above. The valuation represents 1.3x FY23 projected EBITDA and 4.7x FY22 projected revenues (our first full year operating).
Development and Testing
Tuipoint is essentially pre-revenue however we have thoroughly developed and tested our working App in 38 live environments over two years. In most cases, during our exhaustive testing, we have primarily offered our App to businesses at no charge or a basic subscription. Because of delays and business closures due to COVID-19 through much of 2020, we expect the majority of our test customers to convert to paying customers by the end of the 2020 or early 2021.
We currently have 13 revenue earning customers as at the date of this offer.
Financial Summary
| Prev Year | Current Year | Est. FY 2025 | Est. FY 2026 | |
|---|---|---|---|---|
| Revenue | NZ $0 | NZ $49,422 | NZ $1,110,874 | NZ $7,604,880 |
| Operating Expenses | NZ $0 | NZ $307,041 | NZ $1,266,568 | NZ $3,565,739 |
| EBITDA | NZ $0 | -NZ $257,619 | -NZ $155,614 | NZ $4,039,141 |
| Net Profit | NZ $0 | -NZ $257,619 | -NZ $162,694 | NZ $3,005,709 |
Company Details
Company Name: Tuipoint International Limited
Company Number: 1561115
Company Documents
Director Details
| Name | Role | Profile URL | Invested? |
|---|---|---|---|
| Matthew Brooks | Executive Director / Founder / CEO | https://app.companiesoffice.govt.nz/companies/app/service/services/documents/0009685EFD55359CA476019CFA4E44BD | ✔ |
| Victoria Brooks | Director | https://app.companiesoffice.govt.nz/companies/app/service/services/documents/D04987796B860194D449BDE1C6C5AA8B | ✔ |
| Prudence Lamerton | Director | https://app.companiesoffice.govt.nz/companies/app/service/services/documents/B3DB8054643A8A25464DE4E77D5DAEBC | ✔ |
Hi there, do you have a few customers already signed up to use the product. If so are you able to list them? Thanks!
Posted on 06-12-2020 by Jae BarrettThanks for your question. We currently have 38 customers with 13 revenue earning customers as at the date of this offer. We expect the remaining trial/test customers to convert to paying customers in the next 30-60 days. Also, Covid-19 has severely impacted our roll-out in the UK.
As you will appreciate our response to all questions is in the public arena and consequently it is not in our best interests while in our early growth stage to list our client base.
That said, here are two of our New Zealand customers...
From one of our pledgers
"I use this for my haircuts. Love it"
Custom Cutz in Kapiti, Wellington
From our Investment Memorandum
“Tuipoint has revolutionised our business. It’s simple and easy, customers love it – especially mums and busy people. Everyone’s happier and it’s hard to put a price on that”
Shaun & Cassie from Jetcharm Barbershop & Gentlemen’s Quarters in New Plymouth
Answered on 07-12-2020 by Tuipoint
Followers of Tuipoint
13/02/2021 at 10:18pm
13/02/2021 at 4:05pm
13/02/2021 at 3:46pm
12/02/2021 at 7:17pm
"Looking forward to the outcome of this fantastic start-up! Go Taranaki!"
12/02/2021 at 7:11pm
11/02/2021 at 10:41am
10/02/2021 at 10:18pm
10/02/2021 at 9:18pm
"Excited to be on board!"
09/02/2021 at 5:50pm
"Wishing you the best of luck.... this is a FANTASTIC idea and I hope it flies"
09/02/2021 at 9:14am
08/02/2021 at 5:54pm
06/02/2021 at 10:46pm
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05/02/2021 at 7:08pm
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05/02/2021 at 2:38pm
05/02/2021 at 1:00pm
"Go Tui Point, what a Fantastic Product you have."
05/02/2021 at 12:57pm
05/02/2021 at 12:45pm
05/02/2021 at 12:17pm
05/02/2021 at 6:03am
02/02/2021 at 11:52am
01/02/2021 at 8:07pm
01/02/2021 at 5:52pm
01/02/2021 at 11:30am
"Lets grow"
01/02/2021 at 2:03am
31/01/2021 at 2:47pm
30/01/2021 at 2:22pm
"TuiPoint has enormous potential! I'm looking forward to seeing the business grow."
29/01/2021 at 8:13pm
29/01/2021 at 4:30pm
I want to embed this investment somewhere
