Physical retail for your digital business
- Financial Tech
- October 2014
You must be a sophisticated investor in order to view the Funding Details.
- $2.2m in Gross Revenue in the first year of trading
- 3 Global Enterprise clients - TNT, Ladbrokes and NewsCorp
- Currently operational in 1200 retailers across Australia
blueshyft is a software and hardware platform installed in over 1,200 retailers across Australia. Over 500,000 consumers pass through these locations each day. Our platform enables businesses to sell their digital products and services in physical locations without the typical overheads of running a retail network.
Without a retail presence, differentiating a brand online is expensive and time-consuming. Unique and disruptive products and services take longer to gain traction than most people realise. It can take years of trial and error to gain enough traction to become an “overnight success”. Access to a physical retail network also enables efficiencies across a number of areas for already established businesses and brands.
The blueshyft network allows businesses to gain traction quickly by placing their products into physical retail locations on a transactional basis. Whether it is a wagering company looking for an alternative payment mechanism and brand exposure or a Bitcoin exchange that wants the provide their customers the trust of face to face transaction. For larger businesses a network of retail stores where can place their products but only pay for what they use can enable new ways of doing business that significantly improve their efficiencies and bottom line. Whether it is a large logistics player like TNT looking to reduce failed delivery costs or a global publisher like NewsCorp looking for effective ways to de-anonymise their customers.
Our business model is a retail network as a service. This is a unique form of a Platform as a Service, the model revolves around a native iPad App running on a modern CMS platform call keystone. Through this we have created a unified and homogenous network out of 1200+ independent businesses. This means we can accommodate and promote a range of services from payments to logistics to customer verification and activation. The number of unique products and services that can be facilitated through a platform and network like this is practically unlimited. We have a huge first mover advantage that has allowed us to establish ourselves quickly and to consolidate our hold on the network. Our client contracts have been 36 months and often have provisions around exclusivity with upfront and guaranteed payments.
Current traction is healthy and has grown over 100% in the last year to monthly re-occuring revenues of $124,000. We have 5 total paying customers on platform which will grow with an additional 4 currently in development.
You must be a sophisticated investor in order to view the Pitch Deck.
Kain WarwickCo-Founder and CEO
Matt HandburyChairman & Foundation Investor
Roger JamesSales Director
Board of Advisors
Launched the BUX payments service.November 04, 2016
Over $10,000,000 in deposits processed through the network.October 01, 2016
POS App 2.0 released.September 20, 2016
Over 100,000 parcels processed through the network.August 01, 2016
Launched SodaKING canister exchange service.July 10, 2016
Launched Bitcoin.com.au service.June 10, 2016
1000 active agents in the network.March 01, 2016
Launched TNT returns service, Apple click and collect service.March 01, 2016
800 active agents in the network.October 01, 2015
Launched TNT service for failed deliveries.September 25, 2015
Launched Ladbrokes service.August 12, 2015
Signed prelaunch partners, TNT and Ladbrokes.July 01, 2015
Started agent acquisition process.May 01, 2015
Partnership with VANA/Nparcel signed.February 01, 2015
Bitcoin in Newsagencies
Bitcoin available over the counter
We operate an over the counter bitcoin exchange programme with bitcoin.com.au.
We operate the TNT local exchange network.
We operate the SodaKING gas canister exchange programme for home soda makers.
We operate the Ladbrokes cash in deposit solution.
The Victorian Newsagent Association (VANA) is the key partner of Blueshyft, VANA operates as a not for profit association for the benefit of its members which are predominately News and Lottery agents nationally.
VANA operate the NParcel network which was initially used to facilitate logistics services through the network specifically for Toll Holdings Limited. Blueshyft has entered into a three year exclusive agreement with VANA which provides Blueshyft access to the NParcel network of 1500 Newsagents and allows Blueshyft to autonomously enter into commercial agreements with new partners that wish to integrate with our platform.
Newspower is the largest Newsagent marketing group in Australia, Newspower stores represent approximately 25% of the total Newsagents in Australia.
Newspower is a progressive group that encourage innovation and new products in the Newsagency channel and have added Blueshyft as a prefered supplier for their stores.