Molet is a mobile wallet for making payments of in-store purchases and COD (Cash on Delivery) orders of e-commerce using an internet enabled smart phone, without having the necessity to carry cash and credit/debit cards always. It serves as an alternative to the existing payment methods that involve physical cash and card swiping at the POS terminals of vendors.

It enables consumers to make payments for offline transactions involving payments at physical merchant stores like Shopping Malls, Retail Stores, Bars and Restaurants, Fuel Stations, and COD (Cash On Delivery) orders of e-commerce, etc. in a simple, swift and hassle free manner via an internet enabled smart phone. With this App, customers will no longer need to carry cash or swipe the credit/debit cards for making payments at the POS terminals of the vendors. They can instead make the payment just by a couple of taps on the smart phone using the app.

Features:

✓ Instant checkouts without waiting for the bill
✓ Split bills with friends

✓ Pay any merchant using credit/debit card/Net banking/IMPS on your phone

✓ Get loyalty rewards
✓ Get referral credits when you refer a friend
✓ Enjoy exclusive offers at places you visit often
✓ Book events and gigs at participating outlets

Molet, through Mentoring support from StartupWave has refined its business model to a great extent. A principal from an Impact Investment Fund has provided real-time as well as virtual Mentoring support to Molet. This has resulted in Molet’s business model gaining the required suction and StartupWave at this stage has helped Molet further by connecting it to incubators and co-working spaces in Hyderabad.

Molet is currently looking for incubation support along with a seed fund of $100,000 for product development, marketing and other operational costs. If you are interested in being connected to this enterprise, please reach out to us at startupwave@intellecap.net