Summary
FRINN
An all-in-one mobile app connecting women with beauty and wellness professionals for easy booking, retail discovery, and e-commerce.
General Information
Company Name: Alpha Five Tech Inc.
Project Name: FRINN
Founded: 2024
Headquarters: Los Angeles, California
Industry/Vertical: SaaS, E-commerce, Beauty & Wellness
Representative: Albert Tobias (Founder, CEO)
Introduction
FRINN is a beauty and wellness platform designed to meet the unique needs of women. It simplifies booking beauty services, discovering shops, and purchasing products online. By connecting professionals, retail businesses, and clients on one platform, FRINN offers unparalleled convenience and community engagement in the beauty industry.
FRINN not only serves clients but also empowers beauty and wellness professionals to grow their businesses. Its advanced booking system allows professionals to manage all their appointments, process payments efficiently, and access tools designed to increase productivity, boost monthly revenue, and reduce stress—all while fostering lasting relationships with their clients.
As the first all-in-one platform of its kind, FRINN taps into a vast, underserved market with significant growth potential.
Overview
FRINN addresses the challenges in the beauty and wellness industry, where fragmented solutions and generalized platforms fail to meet the needs of women. It aims to become the #1 choice for beauty and wellness by offering specialized services tailored to its demographic.
Market Size:
- Beauty & wellness industry projected to reach $622 Billion globally by 2029
- U.S. market share: $169 billion in 2023, with steady annual growth
- Over 85% of spending in the beauty and wellness market comes from women
Competitive Advantage
FRINN differentiates itself through:
- Targeted Focus: Unlike generalized platforms, FRINN is designed specifically for women's beauty and wellness needs.
- Comprehensive Offering: Combines booking services, shop discovery, and e-commerce in one seamless experience.
- Incentivized Ecosystem: Offers zero transaction fees to professionals and an affiliate program for residual income, driving adoption and loyalty.
- Strong Revenue Model: Multiple revenue streams ensure sustainable growth and scalability.
Business Model
FRINN operates on a subscription-based SaaS model, offering plans for professionals, retail businesses, and e-commerce, alongside transaction fees for bookings.
Fundraising Details
- Funding Round: Seed
- Target Raise: $500,000
- Post-Money Valuation: $6M - $12M
- Use of Funds: To scale operations, expand the team, and accelerate market entry.
Financial Status
Current Financials:
- Pre-revenue (pre-launch phase)
- Founder investment: $200,000
Projected Milestones:
- Launch within 4 months
- $1.5 million annual revenue within 18-20 months
Management and Team
Albert Tobias: Founder and CEO with 20+ years of sales and management experience, specializing in building scalable business models and driving innovation.
David Murray-Hundley: Advisor with extensive experience scaling startups. He played a key role in the IPO of Commerce One, achieving a $22 billion valuation at its peak.
Near-Term Catalysts
- Launch of SaaS Platform: Targeted for early 2025.
- Affiliate Program Rollout: Designed to incentivize professionals and influencers, accelerating user acquisition.
- Community Engagement Features: Building a loyal client base through unique community-building tools.
Call to Action
Join us in shaping the future of beauty and wellness.
- Explore our vision: https://www.loom.com/share/44637156eada462aa7325fc9f6d73091?sid=ea8672c3-b98c-4db5-9bf5-540b188d6fc8
- Schedule a call: [email protected]
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