Robinhood, app for small guys – an alternative player for food delivery, is now ready for soft launch
• The app has generated income at least16,000 small merchants and jobs for 10,000 riders.
Robinhood, an alternative food delivery app, developed by Purple Ventures Co., Ltd, a subsidiary of SCB 10X, aimed to support at least 16,000 small restaurants and merchants to adopt digital platform supporting sales and help reduce high cost from joining online platforms. Robinhood does not charge Gross Profit (GP) fees, bundled with hourly sales settlement, making fund available in merchants’ accounts within one hour. This boosts merchants’ liquidity to help them with their next-day operations during the current economic crisis. At the same time help provide jobs for another 10,000 riders during a time of increasing unemployment.
With the app’s 100% digital cashless payment platform, Robinhood riders can earn money without having to advance their own cash for customer food orders. Customers can directly pay merchants via direct debit on the SCB EASY app, or credit, debit, and cash cards. Customers can also enjoy a wider variety of famous food from small neighborhood vendors as well as those available exclusively on the app. Purple Ventures aims to continuously improve Robinhood app from feedback and suggestions from all parties. The app’s soft launch will take place on October 26, 2020 for food delivery in Bangkok and vicinity before its official launch in early 2021.
1. No gross profit (GP) fees charged
2. Supports the online presence of merchants.
3. Cash availability within an hour after delivery is completed
4. More orders for merchants during off-peak hours
5. An 8% voluntary discount from merchants directly to consumers
7. Promotes cashless society.
8. Creates jobs and fair income for riders./b>
9. Offers job opportunities for those who want to be riders for the app.
10. New features readily available in early 2021
“The Robinhood app’s goal is to act as a bridge between 16,000 small merchants and customers. Merchants can earn more money via the Robinhood platform, while customers can enjoy variety of food at the same quality, prices, and portions as dining-in options. Through this connection we aim to create jobs that offer fair incomes for tens of thousands of riders and share happiness between merchants and customers.
More food options are now available from merchants that were previously unable to join food delivery platforms due to their limited resources, as well as legendary and hidden gems never available on other platforms.”
Announcing the news, Purple Ventures Chairman of the Board of Director Thana Thienachariya said that, “Merchants and consumers are welcome to join the Robinhood app and give us feedback for continued platform development and improvement to benefit both merchants and riders during this economic crisis together.”