Fintech isn't the only thing that's booming?

[ishanijerin1]

Our company is also developing Fintech-related solutions, and this time we would like to introduce you to a money-related app that is gaining popularity in the toC market.



table of contents
1. "CASH" - an app that turns everyday items into cash
2. "S-chop" - an app that lets you earn money by taking selfies
3. Summary
1. "CASH" - an app that turns everyday items into cash


This app, operated by Bank Co., Ltd., is modeled employment database after a pawn shop and allows users to receive cash by taking a photo of an object around them and sending it to the app.

Cash withdrawals can be made on the same day via either bank transfer or collection at Lawson, and after the cash withdrawal, the money will either be refunded within two months or a photograph of the actual item will be sent to the company.

And what's best is that the only information required to use this app is your mobile phone number (SMS authentication).

It's a pretty crazy service.



However, perhaps because the service was so outrageous, it was forced to shut down just 16 hours after its release on June 28, 2017. (As of July 25, 2017)



In addition to the service, the business model is also very unique.


The main business of the company is secondhand goods distribution, and it is not subject to the Money Lending Business Law or the Pawnbroker Business Law, which require a lot of effort and cost to enter the business.


① Commission business (250 yen commission when withdrawing cash, 15% commission when returning withdrawn cash)
② Secondhand goods sales (selling the goods in case the withdrawn cash is not returned)