Kabuni goes wide with new web platform
Published 04-MAY-2016 16:19 P.M.
|
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Kabuni (ASX:KBU) has unlocked another path to revenue, launching its web platform – meaning all mobile users can access the platform regardless of operating system.
The makers of the mobile commerce app, which is aimed at the interior design market, told its shareholders yesterday that it had released its first web platform – meaning that its platform is accessible through a standard web browser.
Before this point, KBU had focused its efforts on developing and monetising an iOS app – and recorded first sales at the end of March.
Now, any device with a standard web browser will be able to access the platform – opening up the platform for users on several mobile platforms such as Blackberry, Android, and Windows devices.
It also opens up the platform for users of laptops, tablets, and desktop computers.
The new platform will feature much of the same capability of its iOS app, including the ability for both interior designers and clients to create ‘inspiration boards’, which serve as the basis for matching designers and clients together.
KBU also told shareholders that it is working on monetisation through the new platform, and anticipated being able to add e-commerce functions to the site in the third quarter this year.
The company’s founder and CEO, Neil Patel, said the new development substantially opened up the service to new users.
“While the future of the web is undoubtedly mobile, the vast majority of today’s online sales transactions are conducted via a computer,” he said.
“The continued development of our web platform will allow us to provide our offerings on not only their desktop or laptop, but also from any mobile device, regardless of operating system.”
About Kabuni (ASX:KBU)
Kabuni has been developing a platform to match those looking for interior design services to interior designers and local artisans – an overall market KBU says reaches $68 billion in North America alone.
Designers create ‘inspiration boards’ where they can showcase what influences them in terms of visual style and past work.
From there, clients are able look at these boards and see which designer and which pieces they want in their homes.
Clients are also able to post to their own boards, taking photos of objects and things which inspire them to give designers an insight into their requirements.
From there, designers and clients are able to come together and take things from inspiration phase into the real world.
As part of the business model, 2% of Kabuni’s revenue goes to a mixture of charities – all trying to alleviate homelessness.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
