This payment app enables Indians living abroad to quickly and securely send money to India. It offers transparent pricing and fast transfers, catering to the specific needs of NRIs supporting family or investing in India.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional loyalty programs often lock users into specific ecosystems with points that can only be redeemed at the issuing merchant. This limits flexibility and reduces the perceived value of rewards for consumers. Merchants also face challenges in creating engaging loyalty programs without complex infrastructure.
Solution
Keychain provides a platform for merchants to reward customers with instant cashback in USDC, which can be used anywhere or transferred to anyone. Customers earn rewards by simply tapping their phone on a Keychain tag at participating locations, without needing to make a purchase. The platform offers a private network for merchants to create membership programs and foster customer loyalty without points or gimmicks. Keychain also facilitates instant payments with zero fees between users.
Target Audience
Keychain targets consumers seeking flexible and accessible rewards, as well as merchants looking to build customer loyalty through a simple and effective rewards program.
Features
- NFC-based check-in system for instant cashback rewards.
- Rewards paid out in USDC, a stablecoin, providing flexibility for users.
- Integration with Plaid for secure bank transfers to and from the Keychain wallet.
- Support for international transfers with transparent exchange rates and no hidden fees.
- Merchant tools for creating custom loyalty programs without complex setups.
- QR code and NFC-based payment options for seamless transactions.
- Real-time payment processing using the Solana blockchain.