ScreenLeap, a new startup out of the latest Y Combinator batch, wants to make this process a lot less painful, so that next time you’re confronted with an issue that could be better dealt with via screen-share, you actually take advantage of it. And to do that, they’re offering a product that’s about straightforward as it gets: click a link, and you’re looking at your friend’s screen.
YC-backed Glassmap is a new mobile application publicly launching today that presents a viable challenge to realtime, location-sharing apps like Apple’s Find My Friends or Google Latitude. Where those two competitors focus on enabling social experiences on top of their own platforms or ecosystems, Glassmap is enabling a third alternative: realtime location tracking built on top of Facebook’s social graph. Yes, it’s like a “Find My Facebook Friends.”
However, this app isn’t using Facebook check-ins to track your friends – it’s actually tracking them in real time, by running the app passively in the background. And that’s where Glassmap’s killer feature comes in: the startup is using “relay” technology to minimize the typical battery drains associated with realtime location-sharing apps today.
Getting paid can be a nightmare. Whether you’re collecting small sums from your Fantasy Football League or you’re a crafty sort selling mittens online, accepting payments is expensive and time-consuming. Only big companies like British Gas have the luxury of accepting Direct Debits and the alternatives all carry a punitive charge. Until now.
Tom Blomfield, Matt Robinson and Hiroki Takeuchi are three Oxford graduates who defied the odds to get into the Direct Debit niche, jumping regulatory hoops and smashing development challenges to launch a brand new kind of payments business. GoCardless lets any business or individual accept Direct Debits for a 1% transaction fee (to a maximum total – that’s right, maximum – of £2). It’s one of those businesses that are so simple you don’t know how it hasn’t been done before.
MT caught up with Robinson and Blomfield on the day of their public launch to find out how they did it.
Great Q&A about how GoCardless got started disrupting payments with Direct Debits.
Online payments platform and PayPal competitor WePay is announcing its growth data for 2011, and revealing details on the startup’s product strategy for 2012. In case you aren’t familiar, WePay is a Y Combinator backed startup that launched in 2009 to take the hassle out of group paying. Unlike some of its competitors, the service was able to dead simple way to collect, manage and spend money for groups.
On WePay, you can create a unique, FDIC insured account for each group. While the account is still associated with your name, but you can keep each group account totally separate from your personal transactions. Group money can essentially be kept separate from any individual accounts you may have. You can also designate specific individuals to have control over accounts.
The company grew nearly ten times in revenue in 2011, and doubled headcount with 20 new employees (the company plans to double employees again this year). WePay also grew revenue generated by its API by 15x in 2011. Partners like GoFundMe, which replaced PayPal with WePay as its primary payment platform, are helping fuel this growth, says the startup.
A new startup launching today called Crowdtilt is taking a page out of Kickstarter’s book, riffing on “crowdfunding,” but instead choosing to call itself “groupfunding” or a “Kickstarter for groups of friends.”
What does that mean? Well, we all love Kickstarter, but if you’re looking to pool money to throw your friend a birthday party, for example, that ain’t going to happen on Kickstarter. For a good reason, but that doesn’t mean the crowdfunding model can’t work. Thus, Crowdtilt has built a site that makes it simple for groups of friends to organize things to do together, with the specific focus on making it easy for the organizer to collect money from anyone.
How does that work? The site allows you to easily create a campaign, like “Help Hagan get to San Francisco” or “Phish Party Bus in DC,” while specifying how much money is needed for the campaign to actually happen — or in the startup’s lingo — “tilt.” You can then send this campaign out to your friends, who can authorize their credit cards for a certain amount with Crowdtilt.
Like groupbuying, friends’ credit cards won’t be charged until the campaign has tilted, or in other words, the specified amount has been reached. Not dissimilar from Kickstarter in this way, especially as projects have a certain amount of time before they become defunct.
Crowdtilt has turned out to be a huge help even among the YC class itself. The current batch has used crowdtilt successfully to even buy a communal pickup truck!
Y Combinator and Start Fund-backed startup SendHub, which offers a simple SMS solution for businesses, is killing it…and it never “officially” launched. Instead, the company soft-launched a couple of months ago with zero fanfare, and already has several hundred customers, 40% of which are active monthly users, sending some 30,000 SMS text messages per month.
Although generating revenue through its premium services for businesses, SendHub is also making teachers’ lives easier, by providing them with free tools to communicate with students and parents via SMS.
The big draw for SendHub has nothing to do with buzzwords (aren’t you sick of local, social, photo-sharing apps, anyway?), and everything to do with building something people actually need: an affordable, easy-to-use alternative to today’s business-focused messaging platforms. In January, the startup grew its user base by 3x, and so far this month, it’s grown another 45%.
If you’ve ever set up an automatic ‘Bill Pay’ feature on your bank account to pay off your utility and cable bills, then you’ve taken advantage of a nifty feature called an ‘interbank transfer’, also known as an ‘Automated Clearing House’ payment. Once they’re set up, they tend to be very convenient — the amount of the bill is automatically deducted from your account, saving you the hassle of having to write yet another check (or fill out another online form) each month. Merchants benefit from this system as well, because their fees are significantly lower than those that are charged by the credit card companies.
Thing is, this feature is typically only available for paying bills from big companies — it’s rare to see a smaller online merchant that’s offering these automatic transfers, because the process for them to set it up is complicated and costly. Until now. Y Combinator-backed startup GoCardless is launching today as a UK-based service that allows smaller merchants to easily set up interbank transfers for customers.
Part of Y Combinator’s Summer 2011 class, GoCardless was founded in 2010 by Oxford graduates Hiroki Takeuchi, Tom Blomfield and Matt Robinson. GoCardless is also announcing a $1.5 million round led by Accel Partners, Passion Capital, SV Angel, Start Fund, and Y Combinator. Proceeds will go towards building out the team and product, and expanding the merchant base.