Airfordable

Book a flight for only a fraction upfront

7 followers

Book a flight for only a fraction upfront

7 followers

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Airfordable is a financial technology company that allows anyone to create payment plans when they purchase airline tickets.

Launch tags:Web App•Fintech•Payments

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The 25 Days of Ideas

Cool idea but you gotta re-work your tagline. "Payment plans for flights before your departure" would suggest that it's only for "flights before your departure". That's how I first read it. Is the "before your departure" important enough to be in your one sentence tagline? It's a detail that doesn't sell anyone on the idea. My 2 cents

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10yr ago

Airfordable

Maker

@evankimbrell yes "before departure date" is one of things that differentiates us from a credit card so it's important

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10yr ago

The 25 Days of Ideas

@amamarfo Yeah, ok but two things 1) Your target market is probably going to be people who can't access credit cards. Based off your rates, your APR would be way higher than a normal card (10-20% is the equivalent of holding a balance for 10 months on a CC). Thats what makes me think you're going for subprime so theres no point in differentiating. 2) Aren't you then highlighting how you're worse than a CC? Credit cards let me pay it off whenever as long as I'm ok with the 1-2% monthly fee.

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10yr ago

@evankimbrell I agree the verbiage is a bit confusing at first but more importantly I would love to know what card offers a 1-2% APR. I think the average is about 15% plus some sort of annual fee I imagine.

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10yr ago

The 25 Days of Ideas

@rouzbeh84 PER MONTH. You divide 15% by 12

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10yr ago

@evankimbrell hmm I'm no banker or CPA but I don't think that works the way you think it works... Don't you divide it by 365 and then apply that to your balance as a daily rate [insert more math here about running balance and time frames] then come up with your effective rate?

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10yr ago

Brilliant idea. I'm thinking of so many trips I can start planning for. Are you planning on letting us search for flights on your platform soon @amamarfo?

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10yr ago

Airfordable

Maker

@osayilasisi Yep that's in the works! 😀

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10yr ago

Airfordable

Maker

Hi All, I'm the cofounder/CEO of Airfordable and joined by my two cofounders @cgnry and @emmanuelbuah. We're building Airfordable to scratch our own itch when it comes to booking flights. There are many times were there were flights we wanted but faced 2 problems: - we didn't have all the money upfront. We had bills to pay so dropping $2000 in one transaction wasn't feasible - had a limited line of credit Airfordable solves these problems by allowing you to lock in fares early at cheaper rates and book flights without tying up a significant portion of your funds/paycheck Happy to answer any questions you may have and thanks for all the feedback!

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10yr ago

Pixsy

@amamarfo Great idea. Is there a reason you don't support one-way trips?

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10yr ago

PlanItUp

@amamarfo @cgnry @emmanuelbuah Excellent idea. So did you work out a deal with airlines or you finance the upfront payment from your company funds to allow this kind of service?

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10yr ago

Does Airfordable consider any particular underwriting when determining the 10-20% fee? Are there any barriers to entry which slow down other point of sale financing options from partnering directly with the airlines?

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10yr ago

Paragon

fantastic service - making airfare accessible to millions who otherwise couldn't fly. congrats Team Airfordable! 💌

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10yr ago

Airfordable

Maker

@foolywk thanks Brandon! ✈️✈️

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10yr ago

@foolywk I basically agree that making services more accessible to many is worth being supported. Still, I wonder if these millions would not be the first ones to pay the bill for accelerating global warming.

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8yr ago

Kite

Hey @amamarfo and team, congraulations on your launch! It looks awesome, and definitely something I would use (given the right fee). I just have some feedback with respect to your signup flow. You will probably increase your conversion ratio (and make the process more transparent) if the flow starting from your homepage is to search for a flight, pick the flight, and ask people to sign up before actually committing to it. A "cold" signup in this case, where I have to sign up in order to see the fees and get my hands on the system, is too big of an obstacle for most people, including myself. Even if you just let people browse the system, get familiarized, and search for flights before signing up you may see a lot more inbounds, and you'll start building trust right away. Best of luck! Antonio

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10yr ago

Kite

@amamarfo Just another small piece of feedback. The "Morocco", "Bali", etc. examples in the homepage are not actionable, despite looking like actionable items. I would use these to "sell" the experience and transport your visitor to what they can achieve. If I clicked on Morocco, and there were some beautiful photos of Morocco, the example of " Elisa" having bought the ticket, how much she saved, and a search field with Morocco as destination already filled in, it would be a pretty compelling experience and you could also use this for SEO.

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10yr ago