Pumpkin Brings a Unique Twist to Social Peer-to-Peer Payments

19 juillet 2016

Traveling Reveals Startup Ideas

After graduation, Hugo Salle de Chou and Constantin Wolfrom left France to travel and work. While living abroad, they discovered and used different mobile payment apps. Hugo discovered Venmo in the US, and Constantin had been using Mpesa in Kenya.

When they each returned to France and reconnected, they discovered that peer to peer mobile payment options were not yet available. Mobile payment apps to move money between individuals were complex and charged fees for transfers.

Around that time they started researching the mobile payment market. They met Victor Lennel, a software and mobile developer with a strong interest in cyber-security, at a meetup for startups. After discovering their common interest in improving peer to peer mobile payment options in France, they decided to join forces to create a solution.

Fate intervened again when they met Pierre, MANGOPAY’s VP Sales, at a tech conference. After hearing what the MANGOPAY solution could do, and how it was already helping other companies, they knew it was the exact payment solution they were looking for.

Introducing France’s First Peer to Peer Social Payment App

The Pumpkin mobile app was launched in September 2014, to enable people to send money free, easily and instantly to another person’s mobile. People quickly took notice of Pumpkin once it launched, and within a few months the app had already attracted thousands of users.

The app is used daily by friends, family and co-workers to repay and reimburse one another for things like shared house rent and utility bills drinks bills, weekends between friends, pocket money, ride-sharing, and many other activities.

To make a transfer, you only need the phone number of the person you want to pay. You don’t need to know the person’s bank account number or sort code. You just enter the amount into the Pumpkin app and click send.

They now have a community of over 100,000 users, which doubles every 6 months.

 screens pumpkin

Making Peer to Peer Payments Social and Fun

Pumpkin is France’s first social peer-to-peer payment offering, enabling you to to make secure payments to friends in a fun, instantaneous and free way. If you need to confirm an amount before sending a payment, you can send an instant message via the app.

Exchanging money between friends and family used to feel impersonal and awkward. But now Pumpkin has infused an element of fun, and you can include a nice message or a share a positive memory with your transfer.

The Pumpkin app simplifies things for you by automatically synchronising with your mobile contacts and Facebook friends. You can even make a payment to a Facebook friend if you don’t have their mobile number.

Once you’ve created your account, MANGOPAY works in the background to ensure your virtual wallet automatically refills with the money you are refunded. If it’s empty, MANGOPAY automatically transfers money from your bank account.

« We couldn’t have launched our start-up without MANGOPAY »

According to Constantin, MANGOPAY played a key strategic role in helping his team develop the Pumpkin app and bringing it to market quickly. By working with MANGOPAY, they can ensure that all data sent with the Pumpkin app is encrypted, confidential and secured.

Constantin also explained that “the pricing is very simple and the API is really easy to integrate. When we’ve needed help, we’ve received amazing support, and we feel valued as a customer.

The Future Looks Bright for Pumpkin

Since their founding 18 months ago, Pumpkin has experienced an impressive usage growth of 25% per month, and a user acquisition growth of 15% per month. They aim to reach 200,000 recurring users before the end of 2016, and more than one million by the end of 2018.

The app is available in France and Belgium, and the team is considering which other markets to pursue next. With the three founders still in their 20s, you can expect big things from the young and ambitious team at Pumpkin in the coming years.

You can download the Pumpkin app from the iTunes app store and Google Play, and you can watch their funny video here.

To learn more about MANGOPAY, just click on the button on the top right and create your free sandbox account.

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Constantin Wolfrom and Yoel Ouaknin from the Pumpkin team

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