If you’ve ever watched Shark Tank, you’ll know that pitching your business idea to the pros is harrowing stuff.
You’re also against the clock, because time is money, but you’re usually afforded more time than 90 seconds in a moving vehicle.
That’s the premise being WeeTracker’s #UberPitch, a new web-series featuring some of South Africa’s most determined entrepreneurs pitching their ideas to prominent venture capitalists.
That pitch is done in the back of an Uber, with a clock ticking along just to heighten the drama.
Despite that pressure, and despite the fact that he was pitching to Zachariah George (pictured above), the Chief Investment Officer for Startupbootcamp (a global network of industry-focused startup accelerators), Bettr CEO Tobie van Zyl managed to hit it out the park.
Bettr, who are all set to give South Africa’s outdated banking sector some much-needed competition, are very close to launching their digital banking platform, which will include Zero Monthly Fee accounts.
So, about this pitch. When the investor promises to put up his personal cash on the spot, you know you’ve done well:
Damn, that’s about as close to a home run as you’re going to see. I reckon it’s fair to call Tobie a bit of a maverick.
The good news is that you don’t have to invest your hard-earned cash to get involved, because signing up for Bettr is free. Those Zero Monthly Fee accounts might sound too good to be true, but there’s a reason we’re saying that the local banking sector needs a kick up the backside.
Bettr comes with zero legacy baggage, which means they’re not paying bills for huge buildings and thousands of branches filled with fancy furniture that can only be used when they actually decide to be open.
Be honest, have you used a branch in the past three months? Probably not, so why are you still paying for it?
With Bettr there are no queues, no paperwork, no wasting your time and missing lunch breaks. In addition, no branches and no massive rental costs mean those savings are then passed on to the customer, getting a high-quality service at a fraction of the cost.
I’m sure some old-timer is going to grumble about how South Africa doesn’t really need a new bank, but I’d say we deserve better.
Or Bettr, even.
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