Technology
Mallard Bay is an Airbnb where you can enjoy guided hunting and fishing
A study by the U.S. Fish and Hunting Administration found that in 2022 alone, Americans spent over $144.8 billion on fishing and hunting. U.S. Fish and Wildlife Service. Guided hunts and fishing tours make up a big a part of the industry, but have largely remained offline. Reservations are made by phone and paid by check or money. Mallard Bay wants to vary that.
The Houston-based startup is a marketplace for hunting and fishing consumers who can find and book guided trips the identical way they book a hotel online. Mallard Bay is also a vertical SaaS platform that enables providers themselves to maneuver their facilities online and provide additional services comparable to marketing.
The startup announced a $4.6 million Series A this week led by Soul Venture Partners with participation from existing investor Acadian Capital Ventures and other angel investors. Logan Meaux, co-founder and CEO of Mallard Bay, told TechCrunch that he got here up with the thought for the corporate after a failed hunting trip together with his dad when he was still in college. He thought he had booked a three-day guided duck hunt in Oklahoma. When they showed up, they found that the hunt was double-booked and the one option was to hunt for sooner or later with 13 other people. Meaux never fired a single shot.
At the time, Meaux was working for his father’s startup Waitr, which had raised $24 million in enterprise capital before leaving in 2018, and thought he could start his own company. In 2019, he and two other co-founders started working. The original idea was to easily create a marketplace like Airbnb where people could book guided hunts. When the corporate began asking outfitters and guides what they thought in regards to the idea, they realized they would wish to bring along more people to get guides to sign the contract. This led them to begin creating Guidetech, Mallard Bay’s back office solution for equipment suppliers.
“(Equipment dealers) were open to the idea, they knew they wanted to keep up with the times, but by nature, equipped people are not business owners first and foremost,” Meaux said. “They began as guides, do what they love and construct a business based on passion. (Because) we’re keen about not only the outside and hunting and fishing, but in addition the software space, we sort of brought that knowledge to them in that space to inform them, ‘Hey, if you’re going to make this modification, we’ That’s what guys are for.”
After the corporate invited Toby Brohlin, a hunting influencer, to the platform, more outfitters began signing up. Meux said Brohlin has booked greater than $1 million in gross bookings. The platform as an entire enabled over $6 million in gross bookings in 2023 and is on course to succeed in $30 million to $35 million in 2024.
Despite the corporate’s market size and popularity, Meaux said it was difficult to persuade investors to sign on – the corporate spoke to greater than 270 investors to take part in this round – because investors didn’t understand the category or its potential. The startup also needed to take care of people’s negative perception of hunting and assure potential sponsors that it was not a platform for booking exotic hunting trips to Africa. Another key point the founders desired to share with investors: ethical hunting and fishing actually helps protect nature, which is something the corporate is keen about.
“The only thing about hunting and fishing is being a conservationist,” Meaux said. “It just comes with the territory because ultimately, once our parents have shown us how to do something, we want our children to be able to do the same things. If there are no sustainable practices, sustainable wildlife management, overpopulation is detrimental to wildlife overall.”
While I’m not a hunter myself and only fish occasionally, Mallard Bay’s offering caught my eye because I can’t say I often hear about hunting or fishing within the startup and tech ecosystem. Hunting SaaS is an interesting concept! And it isn’t even the one hunting-related company to boost funding recently: HLRBO, an online platform that makes it easier to seek out hunting land leases, raised a $1 million seed round in February.
What’s also notable is how much Mallard has been in a position to grow since its 2021 launch. Bookings at Mallard Bay are up 600% year-on-year, which is impressive in any category, but notable in a category like hunting and fishing that seems relatively area of interest. As I said earlier, wealth is present in niches – probably because area of interest markets are never as small as they may initially seem.
People within the US spent over $394 billion for outdoor activities – including hunting and fishing, but in addition mountain climbing, bird watching and more – but a lot of these industries still largely operate offline or depend on low-quality and difficult-to-navigate technology. I experienced this last month once I was trying to seek out parking to go on a hike to Sedona, Arizona’s extremely popular Devil’s Bridge Trail. I had to assemble information from multiple blogs to see if I even needed a parking permit.
There are also case studies outside Mallard Bay that show outdoor applications are in high demand from customers. Strava, an application aimed toward runners and cyclists, boasts over 100 million users. Apps that connect individuals who share outdoor activities, comparable to fishing, are also seeing a number of traction. Fishbrain, a social app for fishermen, has recorded over 14 million fish catches in its 12-year history.
As for Meaux, he knows how big this area can be and despite the progress to this point, he believes there is still a number of market to capture and more opportunities to construct into Guidetech.
“I like to say we’ve had some success, but we’re not there yet,” Meaux said. “And that’s what I learned along the way from my dad. In his companies, even after he left, there was still work to be done.”
Technology
Revolut will introduce mortgage loans, smart ATMs and business lending products
Revolutthe London-based fintech unicorn shared several elements of the corporate’s 2025 roadmap at a company event in London on Friday. One of the corporate’s important goals for next yr will be to introduce an AI-enabled assistant that will help its 50 million customers navigate financial apps, manage money and customize software.
Considering that artificial intelligence is at the middle of everyone’s attention, this move shouldn’t be surprising. But an AI assistant could actually help differentiate Revolut from traditional banking services, which have been slower to adapt to latest technologies.
When Revolut launched its app almost 10 years ago, many individuals discovered the concept of debit cards with real-time payment notifications. Users may lock the cardboard from the app.
Many banks now can help you control your card using your phone. However, they’re unlikely to supply AI features that might be useful yet.
In addition to the AI assistant, Revolut announced that it will introduce branded ATMs to the market. These will end in money being spent (obviously), but in addition cards – which could encourage latest sign-ups.
Revolut said it plans so as to add facial recognition features to its ATMs in the longer term, which could help with authentication without using the same old card and PIN protocol. It will be interesting to see the way it implements this technology in a way that complies with European Union data protection regulations, which require explicit consent to make use of biometric data for identification purposes.
According to the corporate, Revolut ATMs will start appearing in Spain in early 2025.
Revolut has had a banking license in Europe for a while, which implies it may offer lending products to its retail customers. It already offers bank cards and personal loans in some countries.
Now the corporate plans to expand into mortgage loans – some of the popular lending products in Europe – with an emphasis on speed. If it’s an easy request, customers should generally expect immediate approval and a final offer inside one business day. However, mortgages are rarely easy, so it will be interesting to see if Revolut overpromises.
It appears that the mortgage market rollout will be slow. Revolut said it was starting in Lithuania, with Ireland and France expected to follow suit. Although all these premieres are scheduled for 2025.
Finally, Revolut intends to expand its business offering in Europe with its first loan products and savings accounts. In the payments space, it will enable business customers to supply “buy now, pay later” payment options.
Revolut will introduce Revolut kiosks with biometric payments especially for restaurants and stores.
If all these features seem overwhelming, it’s because Revolut is consistently committed to product development, rolling out latest features quickly. And 2025 looks no different.
Technology
Flipkart co-founder Binny Bansal is leaving PhonePe’s board
Flipkart co-founder Binny Bansal has stepped down three-quarters from PhonePe’s board after making an identical move on the e-commerce giant.
Bengaluru-based PhonePe said it has appointed Manish Sabharwal, executive director at recruitment and human resources firm Teamlease, as an independent director and chairman of the audit committee.
Bansal played a key role in Flipkart’s acquisition of PhonePe in 2016 and has since served on the fintech’s board. The Walmart-backed startup, which operates India’s hottest mobile payment app, spun off from Flipkart in 2022 and was valued at $12 billion in funding rounds that raised about $850 million last 12 months.
Bansal still holds about 1% of PhonePe. Neither party explained why they were leaving the board.
“I would like to express my heartfelt gratitude to Binny Bansal for being one of the first and staunchest supporters of PhonePe,” Sameer Nigam, co-founder and CEO of PhonePe, said in a press release. His lively involvement, strategic advice and private mentoring have profoundly enriched our discussions. We will miss Binny!”
Technology
The company is currently developing washing machines for humans
Forget about cold baths. Washing machines for people may soon be a brand new solution.
According to at least one Japanese the oldest newspapersOsaka-based shower head maker Science has developed a cockpit-shaped device that fills with water when a bather sits on a seat in the center and measures an individual’s heart rate and other biological data using sensors to make sure the temperature is good. “It also projects images onto the inside of the transparent cover to make the person feel refreshed,” the power says.
The device, dubbed “Mirai Ningen Sentakuki” (the human washing machine of the longer term), may never go on sale. Indeed, for now the company’s plans are limited to the Osaka trade fair in April, where as much as eight people will have the option to experience a 15-minute “wash and dry” every day after first booking.
Apparently a version for home use is within the works.
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