The 'Giftfund' App Allows Multiple People to Contribute to a Gift
Katherine Pendrill — May 3, 2016 — Tech
References: itunes.apple & crowdfundinsider
'Giftfund' is a crowdsourced gift-giving application that allows multiple different people to contribute to the cost of a gift. One of the problems with giving a group gift is that the act of collecting contributions, purchasing the gift and coordinating shipping can be extremely complicated. This app makes it easier for users to organize a group gift by digitizing the process.
To use Giftfund, users simply log on and create a profile for their gift that includes information about the occasion and deadline for gifting. Users can then invite friends by sharing the unique gift ID number over text or email. These others users can then contribute to the gift by donating money through the app. Once all the funds have been raised, users can then use the in-app search function to find the perfect present. The gift is shipped directly to the recipient and any additional funds are sent as an Amazon gift card.
The app provides the perfect solution for situations in which multiple users are trying to raise funds for large or expensive gift items.
To use Giftfund, users simply log on and create a profile for their gift that includes information about the occasion and deadline for gifting. Users can then invite friends by sharing the unique gift ID number over text or email. These others users can then contribute to the gift by donating money through the app. Once all the funds have been raised, users can then use the in-app search function to find the perfect present. The gift is shipped directly to the recipient and any additional funds are sent as an Amazon gift card.
The app provides the perfect solution for situations in which multiple users are trying to raise funds for large or expensive gift items.
Trend Themes
1. Crowdsourced Gift-giving - Disruptive innovation opportunity: Develop platforms that enable multiple people to contribute to the cost of a gift, making group gift-giving more convenient and efficient.
2. Digitized Group Gift Organizing - Disruptive innovation opportunity: Create apps or services that digitize the process of organizing group gifts, simplifying the collection of contributions, purchasing, and shipping.
3. In-app Gift Searching - Disruptive innovation opportunity: Build search functionalities within gift-giving apps that help users find the perfect present from a wide selection of options.
Industry Implications
1. E-commerce - Disruptive innovation opportunity: Integrate collaborative gift-giving features into e-commerce platforms, enhancing the overall shopping experience and encouraging group purchases.
2. Financial Technology (fintech) - Disruptive innovation opportunity: Develop fintech solutions that facilitate secure and seamless money transfers among multiple contributors for group gift-giving.
3. Social Networking - Disruptive innovation opportunity: Incorporate collaborative gift-giving features into social networking platforms, fostering a sense of community and making it easier for users to organize and participate in group gifting.
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