Chris and James were paying with cash at their local pub when they received a large amount of change in low-denomination coins. Realising that they were unlikely to re-use the coins, they spoke with the landlord who confirmed it: the pub continuously paid to bring in coins to be given as change, mostly never to be seen again.
They knew there had to be a better way... a way for cash to exist without the hassle and expense, the financial and environmental costs, the general waste of 'shrapnel'.
So they started building Shrap, the simple alternative to coins.
With close ties to their local community, Chris and James knew the ongoing importance of cash to local people and businesses. They also saw the challenges facing cash: the closure of bank branches and ATMs, the rising fees for businesses, the inefficiencies and environmental impact.
It was clear that something had to be done. This was confirmed by the Access to Cash Review, which warned that millions of people across the UK who use cash could soon be unable to access or pay with it.
Get in touch to talk with us about what Shrap can do for you or your business.Contact us