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Pang Xue Kai, Founder and CEO, Untukmu.AI
Untukmu.AI, a Singapore-incorporated startup offering AI options for the gifting trade, just lately bagged an undisclosed quantity in a seed spherical from 1982 Ventures and angels to scale the enterprise throughout its house market in Indonesia.
The platform presents instruments, similar to a present tracker, budgeting software, and occasions calendar to offer a easy person expertise. As well as, its AI-powered dashboard permits retailers to handle and improve gross sales, present useful insights into buyer preferences, optimise their product choices, and personalise purchasing expertise.
e27 spoke with Untukmu Founder and CEO Pang Xue Kai, a serial entrepreneur who earlier constructed Tokocrypto, a number one crypto change in Indonesia, to study extra in regards to the enterprise.
Edited excerpts:
What impressed you to begin Untukmu.AI, and what hole out there do you purpose to fill together with your AI options for the gifting trade?
My co-founder, Pang Xue Cong, and I recognised how time-consuming and difficult on-line gift-giving can grow to be, which results in missed alternatives to rejoice essential moments. We launched Untukmu.AI to deal with this by harnessing synthetic intelligence to simplify and enrich deciding on items.
Additionally Learn: Tokocrypto founder’s new AI startup Untukmu baggage funding to disrupt Indonesia’s personalised gifting market
The platform is designed to deeply perceive the preferences and pursuits of recipients, making gift-giving a considerate, personalised, and environment friendly expertise.
Are you able to present insights into the reward tracker, budgeting software, and occasions calendar on the platform?
The reward tracker is designed to assist customers maintain monitor of the items they’ve despatched and the reactions they’ve acquired. It ensures that customers can keep a private contact with their gifting, remembering previous items to keep away from repetition and making future reward selections extra knowledgeable and private.
The budgeting software helps customers handle their gifting bills successfully. This software will permit customers to set budgets for various events and obtain ideas that match inside their specified value vary, guaranteeing that gifting stays joyful and stress-free.
The occasions calendar ensures customers by no means miss a momentous event once more. By integrating private, cultural, and broadly celebrated occasions right into a single, easy-to-use interface, this software will immediate customers about upcoming dates which may require a present. This proactive method helps customers plan and buy items upfront, making last-minute rushes a factor of the previous.
How does the AI-powered dashboard help retailers in managing and rising gross sales?
The dashboard supplies deep insights into buyer preferences and behavior. It analyses buyer interplay and buying patterns to determine traits in reward preferences, timing, and budgets, enabling retailers to tailor their choices and advertising efforts extra successfully.
The dashboard goals to extend gross sales and foster significant connections between companies and their purchasers by aligning items with firm values and buyer expectations.
Moreover, Untukmu.AI is growing an omnichannel platform to assist Indonesian retailers attain a worldwide viewers, additional boosting their gross sales and market presence.
A press launch mentions you might be exploring leveraging blockchain and crypto tokens to reward customers. How do you envision implementing this expertise inside the Untukmu.AI platform?
Rewarding participation: Customers can earn tokens for varied types of engagement, similar to contributing opinions, recommending merchandise, and sharing their experiences. This not solely encourages a extra lively group but additionally enhances the info high quality that feeds into our AI, enhancing the personalisation and accuracy of reward suggestions.
Decentralised belief: We purpose to introduce a decentralised belief mechanism into the platform. It will guarantee transparency in transactions and interactions, constructing a extra dependable and safe surroundings for each customers and retailers.
Enhanced person expertise: Crypto tokens can be utilized inside the Untukmu.AI ecosystem for buying items, accessing premium options, or availing of particular reductions. This utility provides a layer of worth to the tokens, making participation within the platform extra rewarding.
Subsequently, this integration emphasises the 3Cs — consent, compensation, and credit score — to make sure moral knowledge use and group engagement:
Consent: Prioritising voluntary participation and knowledgeable decision-making, guaranteeing contributors are conscious of how their knowledge is used and the related advantages and dangers.
Compensation: Providing honest rewards and probably implementing a licensing mannequin for using cultural and linguistic knowledge, guaranteeing contributors are equitably compensated.
Credit score: Correctly acknowledge contributions, whether or not knowledge for AI or cultural expressions and work to protect and promote cultural heritage and languages.
This method not solely goals to revolutionise the gifting trade but additionally ensures the platform is constructed on a basis of belief, fairness, and respect for cultural significance, setting new requirements in e-commerce and AI landscapes.
How does Untukmu.AI plan to collaborate with small companies, companies, and self-employed professionals to cater to their numerous gifting wants and preferences?
For small companies and self-employed professionals, we’re exploring partnership programmes that permit them to showcase their merchandise on our platform. This not solely supplies them with a broader viewers but additionally enriches the number of items out there to our customers, making it simpler to search out distinctive and significant choices.
For companies, Untukmu.AI intends to develop devoted Company dashboards that allow HR departments and managers to handle their gifting wants effectively. This might embody worker recognition, shopper outreach, and different company occasions, with options to trace spending, preferences, and suggestions.
We’re additionally seeking to combine Untukmu.AI with Human Useful resource Info Methods (HRIS) to streamline the method of worker recognition. It will permit corporations to effortlessly reward their workers with personalised items immediately by means of the HRIS interface they’re already acquainted with.
Partaking with the enterprise group for suggestions and insights is essential. We plan to carry common classes with small companies, companies, and professionals to know their wants higher and adapt our platform accordingly.
We additionally need to provide assets and assist to assist companies and professionals navigate the platform, aiming to be a flexible platform that not solely meets the varied gifting wants of assorted enterprise entities and professionals but additionally helps small companies in gaining visibility and progress.
What learnings do you deliver from Tokocrypto? Do you foresee a partnership with Tokocrypto, shifting ahead?
Some of the vital facets I realized is the ability of group. Partaking with and listening to your person base is essential for progress and enchancment. That is one thing we’re keenly integrating into Untukmu.AI, fostering a group that feels valued and heard.
Working within the crypto house taught me the significance of navigating regulatory landscapes adeptly. This understanding is significant as we discover integrating blockchain expertise inside Untukmu.AI, guaranteeing we adjust to legal guidelines and laws whereas innovating.
Additionally Learn: Tokocrypto-BRI Ventures accelerator invests US$40M in collaborating startups
Within the crypto world, safety is paramount. This has ingrained in me the significance of constructing strong safety measures and sustaining person belief, rules which can be foundational to Untukmu.AI.
The fast-paced nature of the blockchain trade highlighted the necessity for fixed innovation and adaptableness.
Concerning a partnership with Tokocrypto, there are a number of synergies that would profit each platforms. For example, leveraging Tokocrypto’s blockchain experience might improve the safety and effectivity of transactions on Untukmu.AI. Moreover, a collaboration might open up new avenues for token utility and rewards, enriching the person expertise on each platforms.
The opportunity of partnering with Tokocrypto is an thrilling prospect. Such a collaboration wouldn’t solely signify a convergence of my previous and current ventures but additionally probably pave the best way for revolutionary options on the intersection of AI, e-commerce, and blockchain expertise.
Why was the corporate included in Singapore? Is it for ease of doing enterprise? How is Indonesia evolving as a startup nation?
We selected Singapore for Untukmu.AI’s incorporation because of its beneficial enterprise ecosystem, strong regulatory framework, and accessibility to buyers, leveraging our deep understanding as Singaporeans.
Whereas Indonesia presents a big, rising market and a supportive startup ecosystem, its regulatory challenges prompted our preliminary alternative of Singapore.
Additionally Learn: Tokocrypto, BRI Ventures launch blockchain accelerator programme
Nonetheless, we’re optimistic about Indonesia’s future for startups, particularly with latest governmental modifications aiming to reinforce the digital economic system and startup surroundings.
We look ahead to potential reforms that would streamline operations and appeal to overseas funding, additional energising Indonesia’s startup panorama.
What are your expectations from the brand new authorities and President of Indonesia?
Our expectation from the brand new authorities and President is to proceed specializing in digital economic system progress, with measures to foster innovation, assist startups, and create a extra beneficial enterprise surroundings. This might embody simplifying the regulatory framework, providing incentives for startups, and investing in digital infrastructure, collectively boosting Indonesia’s startup ecosystem.
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The put up Constructing Tokocrypro taught me the ability of group: Untukmu’s Pang Xue Kai appeared first on e27.
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