[nomadpass]

No it is not 2,500 subscription. It is based on an average rent, Nomad Pass is essentially a way for Nomads to pay their rent, through the app without fees, without legal contracts or credit checks.

Some people (like myself) can afford a 2,500 rent but can't seem to be approved for a 2,500 mortgage, due to credit and this "Feature" of Nomad Pass is for people in my shoes.

[shagie]

> ... Nomad Pass is essentially a way for Nomads to pay their rent, through the app without fees, without legal contracts or credit checks

I would go that very carefully with a lawyer. The contracts and credit checks are a way for the landlord to mitigate risks. You need to identify where the risks are and who is assuming those risks if you not doing contracts or credit checks.

[O__________O]

So you’re planning to cover expenses with investor funds — then switch on fees at series C after having built up user base that assumes the service is no fees?

[nomadpass]

Yes! That is what Airbnb did, they were not (or still aren't) profitable, yet took on 6.4 billion dollars in funding.

[postingawayonhn]

That's not really Nomad revenue though if it's all going to hosts. What are you taking in as the platform?

[nomadpass]

For now, I don't think monetization is the focus during preseed/seed stage