Faced.me is a mobile application that uses facial recognition technology to instantly tag and connect people to their social networks. It aims to make networking easier by eliminating the need to exchange contact information. The company sees opportunities in the growing markets for smartphones and social media. It plans to generate revenue by offering paid premium services and points that users can earn and spend within the app. Faced.me believes its proprietary facial recognition technology provides a barrier for competitors and has filed international patents.
5. Show me the money! Users download the application with 50 free FacedPoints Each time the that the application is used, 1 FacedPoint is consumed Every week, the user gets 5 more FacedPoints to use (max of 50 allowed) What users get? Pre-paid FacedPoints Professional Package 100 2,000 / month $10 $25 / month What users can get? # FacedPoints Price
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9. Looking for a partner, not an investor! Investment needed: USD 100k (for R&D) 276 EBIT Revenue Revenue vs. EBIT (US$‘000) Post-money valuation: USD 1,000k # Faced.me users('000) 1,000 2,000 3,200 3,500 4,100 # Premium users('000) 20 65 130 140 170 US$ / premium user 10 14 16 18 20