Kabuni goes wide with new web platform
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.
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