Do you have a big family? Have you ever pulled money together from your entire family to buy grandma and grandpa a cruise, a vacation or other gift? Well pulling all the money together, checking off the payments and then writing one big check or paying by credit card can be a huge hassle. Sure these days you can have most of your family Paypal you but there’s still those few that don’t have a Paypal account. This is just one of the scenarios that Toledo OH based startup Buyvite is looking to solve.
Another easy scenario is times when maybe you and a bunch of friends have wanted to pull together money to buy tickets to a concert or a basketball game. One person typically shells out all the money and waits to get paid back. No more of that thanks to Buyvite.
Buyvite members will have the ability to create a Buyvite by inviting friends and family to a group purchase. Once the requested amount is achieved, the group purchase organizer has the ability to trigger a Buyvite Code, that functions like a gift card code, that is worth the requested amount and can be used to make the purchase on any site that integrates the Buyvite API. Group purchase organizers also have the flexibility of sending the collected funds directly to any U.S. bank account for free.
We got a chance to talk to Brandi Wimberly the woman entrepreneur behind Buyvite
Interview after the break
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