Forfeit
About Forfeit
A habit-tracking application that enforces accountability through financial stakes, requiring users to set tasks, deadlines, and forfeits. If users fail to provide verifiable proof of completion via photos, timelapses, or app integrations, they forfeit the staked amount, promoting consistent adherence to personal goals and reducing procrastination.
<problem> Many individuals struggle with procrastination and find it difficult to consistently adhere to their goals, lacking effective methods for self-accountability. Traditional habit-tracking methods often fail because they don't provide sufficient motivation to overcome inertia and maintain consistent effort. </problem> <solution> Forfeit is a habit-tracking application that enforces accountability by requiring users to stake real money on completing tasks. Users set tasks, deadlines, and a forfeit amount, and must provide verifiable proof of completion, such as photos, timelapses, or data from integrated apps. If the user fails to provide sufficient evidence by the deadline, the staked amount is forfeited. This financial incentive promotes consistent adherence to personal goals and reduces procrastination by creating tangible consequences for non-compliance. </solution> <features> - Photo verification using AI to match submitted photos with task descriptions - Timelapse verification reviewed by human verifiers for tasks requiring longer observation - Integration with Apple Health and Health Connect to track health-related goals automatically - RescueTime integration to monitor and limit time spent on specific websites and applications - GPS check-in feature to verify presence at specific locations by the deadline - Self-verification option for tasks that do not require external validation - Customizable leniency modes, ranging from strict enforcement to accepting appeals with evidence - Flexible scheduling options, including setting forfeits for specific days or a certain number of times per week </features> <target_audience> Forfeit targets individuals who struggle with procrastination, lack self-discipline, and seek a tangible method to enforce accountability in achieving their personal and professional goals. </target_audience> <revenue_model> The app generates revenue through a premium subscription model, priced at $7.99 or $12.99 per month, which is required to set forfeits and access advanced features. </revenue_model>
What does Forfeit do?
A habit-tracking application that enforces accountability through financial stakes, requiring users to set tasks, deadlines, and forfeits. If users fail to provide verifiable proof of completion via photos, timelapses, or app integrations, they forfeit the staked amount, promoting consistent adherence to personal goals and reducing procrastination.
Where is Forfeit located?
Forfeit is based in Manchester, United Kingdom.
When was Forfeit founded?
Forfeit was founded in 2022.
How much funding has Forfeit raised?
Forfeit has raised 500000.
Who founded Forfeit?
Forfeit was founded by Eddie Raven.
- Eddie Raven - Co-Founder/CTO
- Location
- Manchester, United Kingdom
- Founded
- 2022
- Funding
- 500000
- Employees
- 3 employees
- Major Investors
- Y Combinator