Amid the aaS boom which started which is seeing some of the most random businesses claiming to be as-a-Service providers, Hugh Honey has stumbled on a gold mine as select Victorian suburbs enter COVID-19 lockdown.
Throwing around buzz words like aaS, BNPL, recurring revenue and sharing economy, Honey has secured pre-IPO funding for his Address-as-a-Service business with Victorians desperate to declare new addresses to avoid suburban lockdowns.
Using the service, fellow Victorians pay Honey a daily recurring rate to claim his address as their own, but instead of paying him $1 per day on the day, customers open accounts and pay him $31 at the end of each month. As Honey defines it, it’s “BNPL on steroids”.
“This is the greatest thing to come out of Victoria since the Hemsworths,” said Honey.
“I offer Victorians a chance to avoid restrictions enforced on their suburbs, whilst offering this revolutionary method of payment where we bill you at the end of a month instead of asking for it on the day.
“Customers get to enjoy this buy-now-pay-later megatrend whilst I save a heap on accounting expenses by using predetermined billing cycles.”
Honey has hopes to expand interstate if other States report increases in their coronavirus cases.