PopulStay

PopulStay is a decentralized home-sharing platform that utilizes blockchain and IoT technology to enhance peer-to-peer accommodation rentals, providing automated check-in and check-out experiences through smart locks. Founded in 2018 by Caleb Lin and Walter Wang, PopulStay is headquartered in Singapore. The company has raised a total of USD 2. 25 mn through a SEED funding round completed in June 2018, with Bitmain Technologies Holding Company as a notable investor.

Its business model centers around addressing challenges in the home-sharing market through innovative technology. PopulStay operates a decentralized home-sharing platform that leverages blockchain and IoT technologies to facilitate peer-to-peer accommodation rentals. Key offerings include smart locks for automated access, which enhance user convenience and security. The platform encourages user engagement through global bounties, discounts, and bonuses, aiming to resolve issues like high transaction fees and privacy concerns in the home-sharing market.

In 2019, PopulStay reported a revenue of USD 109,733. 80 and an EBITDA of USD -18,470. 90. The company generates income from transaction fees on bookings, which are lower than traditional competitors, and potential subscription models for hosts.

Its ecosystem includes smart locks and the PPS token, which streamline interactions between guests and hosts. PopulStay plans to utilize the USD 2. 25 mn raised in June 2018 to expand its product offerings and enhance technology development. The company is targeting growth into new markets in North America, Europe, and parts of Asia, with anticipated launches of upgraded smart lock features and platform functionalities aimed for 2023 to facilitate these expansions.