Swimply might be the ultimate expression of the sharing economy. The company’s business model is based on your renting someone’s swimming pool for a swim, or renting out your own pool or backyard to strangers.
The idea may not be as crazy as it sounds. There’s always a need for recreation, but in the last two years many public pools and other recreation opportunities were shut down by COVID, while few people traveled. Swimply will let you ‘escape locally.’
Swimply which likes to call itself the Airbnb for swimming pools launched in 2018. The company says they have over 20,000 pools available on the platform across all 50 states Canada and Australia.
The Swimply business proposition is simple; it collects 15% of the booking fee from the hosts and another 10% from the guests. Venture capitalists apparently like the concept as Swimply has secured $11.2M in Series A funding to date.
“As the largest swimming pool rental platform in the world, we see a huge market opportunity here as people seek experiences with their families and friends that they can’t get at home. In fact, our motto is ‘Escape Locally’ – offering unique access to nearby private pools, say -Sonny Mayugba, VP of Growth at Swimply. He added “Interestingly, we have also seen our customers use Swimply while traveling to enjoy the great outdoors. For example, this pool in Temecula would top off a perfect day of wine tasting in California’s wine country.”
Will a pool-sharing app like Swimply actually fly? Much of...
Read Full Story: https://www.forbes.com/sites/michaelgoldstein/2021/09/05/swimply-will-you-share-your-pool-with-strangers-for-money/
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