Bucket Technologies Finovate 1810
Uploaded by Bucket Technologies on 2018-11-05.
$62m dollars in coins are found in landfills every year. This is financial and environmental waste. Coins are heavy and end up at the bottom of our pockets, piling up in our homes, or in the trash. Let’s end that.
Some mind-boggling statistics:
Pay with cash and tell the cashier to "Bucket the Change". You'll receive your coins back digitally. By digitizing coins, Bucket is eliminating waste while putting idle cash back into the global economy.
1) Pay with cash and say "Bucket the Change" at participating retailers.
2) Scan your Bucket receipt through the Bucket The Change app.
3) Watch your Bucket account grow and cash out when you hit $50. Choose from three cash out options: prepaid card, gift card, or a donation to one of our charity partners.
Bucket has been featured in newspapers, on radio programs, and by organizations excited by our mission to go coinless. A few highlights:
With a focus on small to medium-sized businesses, we can rapidly expand our usage and gain traction within the coinless landscape. With a large user-base and measurable results, we are confident we’ll be able to move towards signing larger enterprise-level businesses.
With key retailers and partnerships lined up, the Bucket platform is prepared to expand its user base. In 2019, Bucket pilot programs are launching in Los Angeles and Northwest Arkansas. Bucket has raised $2.5m in private funding and our consumer app is available in the Apple and Google Play store.
By partnering with Sutton Bank, Bucket is able to operate across all 50 states in the U.S. and earns revenue as a percentage of all monies captured through the platform.
Integrations with retailers only require a minimal investment of their time. We didn’t want cost to be a barrier to adoption for retailers and consumers alike.
We don’t have any direct competitors, but our biggest battle is apathy. Consumers and companies don’t realize just how big the problem of coin currency is. The ripple effect of pocketing that penny or nickel is enormous and an issue we are here to address.
Bucket has raised $2,500,000 from FIS, CCF Brands, and other strategic investors and is currently going through a Series Seed+ round with a $15.5m post money valuation.
There are a million reasons why people use cash and the fact remains that cash is still around even in financially mature markets such as the United States. But to move to a digital economy, which is Bucket’s mission, we should take the first step to remove a cash instrument that most of us find no value in: coins. At Bucket, we believe we have built something easy (and hopefully fun!) to use. Let’s solve the problem of coin currency together.
Francis Hwang and Daniel Kam
Francis Hwang — CEO & Founder
Francis has over a decade of experience in creating, launching, and managing successful businesses. Having always gravitated towards enterprises and ideas that question and disrupt the status quo, it was a natural step for Francis to start Bucket Technologies. Coming up with the concept for Bucket over 10 years ago, Francis finally set aside other ventures to focus and commit to his mission of eliminating coins and alleviating the environmental and governmental stresses from the production, distribution, and management of coin currency.
Francis recently moved to Bentonville, Arkansas and when he isn’t working or traveling for Bucket you will find him off-roading with his wife Kristine in the Ozarks.
Daniel Kam — COO & Founder
Daniel is a successful entrepreneur who has launched and built several businesses in the technology, managed services, manufacturing, and hospitality/F&B industries. He has over 20 years of B2B/B2C sales and marketing experience within various commercial sectors including cloud-commerce, telecommunications, and graphic arts. Daniel regularly speaks and networks with leading companies and organizations on topics such as leadership, innovation, branding, and operations management.
When Daniel is not working he enjoys spending time with his wife and 3 girls, cooking, and fishing.
The smallest investment amount that Bucket is accepting.
$25,000 – $107,000
Bucket needs to raise
before the deadline. The maximum amount Bucket is willing
to raise is $107K.
Bucket needs to reach their minimum funding goal before the deadline.
If they don’t, all investments will be refunded.
The Crowd SAFE is an agreement for future equity in the startup,
meaning that it can convert to equity in the future.
The Crowd SAFE is an agreement for future equity in the startup, meaning that it can convert to equity in the future.
We are using Republic's Crowd SAFE security. Learn how this translates into a return on investment here.
In addition to their fascinating product, I have the passion of helping out my fellow Asian ethnicity climb to the top in the tech world in a majority dominated industryJoel SorianoInvested 6 days ago
because I believe in the product and feel it's the futuretravis harrisInvested 25 days ago
I think the internet business has much potential for huge profits and the company plan seems like a good solid one.Joseph LombardoInvested 27 days ago
I believe in Dan Kam! :)Brandon VukelichInvested about 1 month ago
This is a genius idea! Never again will my purse be weighed down by coins!Tashirah AliInvested about 1 month ago
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