The Spark of Genius Series highlights a unique feature of startups and is made possible by Microsoft BizSpark. If you would like to have your startup considered for inclusion, please see the details here.
Name: PayDragon
Quick Pitch: An all-in-one food finding and mobile payment app.
Genius Idea: Use PayDragon to find restaurants, local deals, pay for meals and store receipts.
Imagine this: When in a long lunch line at a local eatery, simply grab your smartphone to pay for your meal. A new app called PayDragon lets you pay for food with a few taps.
PayDragon is like a bunch of cool food-finding and paying apps rolled into one. Use the app to find local restaurants near your location. Check out which spots are offering deals, like "free fries" or "drink with purchase." Use the app to pay for the meal and store a digital receipt.
To use PayDragon, download the free app then set-up you payment information. Users can scan QR codes created by restaurants to order and pay for the item on their smartphone. If you want to bypass the whole QR code thing, restaurants will be able to create menus for the app which users can select entrees from and pay for them through the app. The bill is paid with one click.
Where does the dragon name come in? The company's logo is "Swoop in. Swoop out." And this app could make transactions quick. The video on the app's website shows people purchasing items from a food truck. Users of the app can place and pay for orders with PayDragon when they're blocks away. Shop owners can process orders quicker and move through more customers.
The only drawback is currently PayDragon only works with participating merchants in select cities. Currently, those locations are New York, Los Angeles and Austin, Texas, but details on the app's App Store page say it's expanding to new cities soon.
PayDragon was created by Paperlinks, a Y Combinator startup that is the main platform for creating QR codes. The app made its debut at SXSW earlier this year. CEO and founder Hamilton Chan leads a team of five employees at PayDragon, based in Los Angeles.
The app is available on both iOS and Android devices. It has a 4+ rating in the App Store and a 2.1 rating in the Android store.
What do you think about PayDragon? Would you use it? Tell us in the comments.
Series Supported by Microsoft BizSpark
The Spark of Genius Series highlights a unique feature of startups and is made possible by Microsoft BizSpark, a startup program that gives you three-year access to the latest Microsoft development tools, as well as connecting you to a nationwide network of investors and incubators. There are no upfront costs, so if your business is privately owned, less than three years old, and generates less than U.S.$1 million in annual revenue, you can sign up today.
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