Toonie is a platform designed to connect local communities by providing users with access to micro payments, real-time communications, and local business advertising. The platform aims to support local commerce by offering accessibility and savings to both consumers and businesses within the community.
Funding
$700K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Local communities often lack integrated platforms for digital payments, real-time communication, and local business promotion, hindering economic activity and community engagement. Existing solutions may be fragmented, costly, or inaccessible to individuals and small businesses with limited resources.
Solution
Toonie provides a mobile platform designed to connect local communities by enabling users to manage both physical and digital payments, access real-time communications, and discover local business offerings. The platform allows individuals to exchange money for free within the Toonie community, track expenses, and access a multi-currency digital wallet. Businesses can use the app to accept secure contactless payments, create digital promotions, and provide ATM services without requiring additional hardware. By integrating these features into a single application, Toonie aims to foster local commerce and community interaction.
Target Audience
Toonie targets individuals within local communities seeking a convenient platform for digital payments and communication, as well as local businesses aiming to expand their reach and accept digital payments without investing in additional hardware.
Features
- Multi-currency digital wallet for managing various currencies within a single app
- Contactless payment acceptance, turning smartphones into virtual POS systems
- Integrated promotional tools for businesses to create and manage digital offers
- ATM service functionality for businesses
- Real-time communication features for community engagement
- Fee-free money exchange within the Toonie network
- Compatibility with both Android and Apple devices