The Argentine "Airbnb" looks to rent meeting rooms and private spaces by the hour

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The Entina Challenge is a proposal organized by the Ministries of Production of Nation and Province, together with the municipality of La Plata.

There were 18 companies that presented during the competition before an audience composed of representatives of venture capital funds, investment funds, company builders, equity funds, angel investor clubs and accelerators.

"Wimet is a solution, it is a platform that connects people who have private or commercial spaces, with companies that are looking to rent by the hour or by days a unique place for their next activity, for their meetings or for their events.

"We connect those who have this place, for example private houses, commercial premises such as an art gallery or even the owners of traditional spaces, to connect them with professionals, brands and companies that are looking to be different in this type of meetings."

— Federico Bianchi

Market

"Many times we think of meetings as big events for corporations. But there are also many situations where what is needed is a place for a small, medium, large meeting, whatever. And we find in the space rental a problem that is common to all, both the search and the reservation. The offer of spaces is limited. Traditional places such as hotel rooms are boring, uncreative, their prices are often inaccessible and at the same time there is no transparency in this industry, which also sounds limiting. reservation, it is a really inefficient system. There are no platforms to make an online reservation."

— Federico Bianchi

Bianchi said that, unlike not a few successful Internet portals in Argentina, in their case they did not try to apply an idea taken from outside to the local market. But, he said the idea had already occurred to others. And he presented it as another advantage.

"When we started we thought we were creating something new. It's something new for the region, but there were already solutions of this type in more developed markets such as in the US and in Europe. Which not only validates the business model but also the interest of large investors in these companies. Wimet has a business model where it charges a 15% commission on transactions made through the platform, for spaces and for services. "

The head of Wimet said that his clients include Visa, Google, Glovo, Cabify and Inbev:

"Another client, American Express, has two launch events of 180 people. But it also has 180 events in the year for only one corporate breakfast company and that is where the market place enters into a very good operation."

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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