For weddings and events! :My business is an online app allowing people to lend and share wedding/event items to save money and make extra cash! Peer to peer lending. Weddings and events tend to be extremely expensive for one day, this raises the question, are there most cost-effective alternatives that still create beautiful memorable experiences without the high costs associated with traditional wedding decor and rentals. It is live, on both IOS and Android. Right now it is still on its original idea form, which was to lend multiple peer to peer categories, but through user research and wanting to narrow down the niche I want to first focus on wedding and event rentals and then move on to different Caterogies. Market size in Canada is determined by According to stats Canada, there are 160,000-170,000 weddings in Canada each year. Typically of that %50 of couples who are engaged will get married within a year, with a rough estimate of 80,000 engaged couples annually. Research has shown that couples spend roughly CAD 1,000 on rentals. Market size = 80,000 couples x 1000= CAD 80 Million. It is estimated that this industry has held strong, not going anywhere, and people are looking at different ways to safe and afford their dream weddings and events. How I plan to monetize from this, right now the app is set up with peer to peer lending, once a transaction occurs, $5 "booking fee" goes to the app Lend !t. In future I would like to consider a % system or subscription to post on the app. What we have done so far. Lend !t has 5000 downloads in 5 months, 900 users using the app, and multiple items being posted weekly. It is mainly being served in my hometown and area of Prince Albert, SK where I have done most of my PR marketing. I want to take this to the next level hitting multiple cities, and provinces. I have a website, YouTube channel, instagram page, Facebook page, and user friendly app on both apple and android. I have just recently wanted to switch lend !t to this niche and have recently on boarding wedding and event venues that will use lend !t for their booking system, local rental shops, and just started to get my feet off the ground running with this new niche. I recently got married and have multiple girlfriends that have and are engaged. There is fear with how much weddings are costing people and creates way more stress on individuals nowadays then it should. Weddings should be about love and happiness, not loads on debt. I am looking for the funding amount to "re-vamp" the app to just this niche, lock in more vendors to use the app, bring on more people on my team to then get it across Canada, and market it to the right target market.
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