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Wedy's Products & Differentiators
building a wedding website, inviting and managing guests, sharing wedding registry, get things done with customized tasks to guide through to-dos, collecting inspirations and discovering venue pricing and more.
Latest Wedy News
Nov 9, 2022
Wedy is an online marketplace where couples can book wedding services and venues. Wedy’s staff. | Photo: Wedy Sure the latest initiatives from the Teslas, Apples and Googles of the industry tend to dominate the tech news space — and with good reason. Still, the tech titans aren’t the only ones bringing innovation to the sector. In an effort to highlight up-and-coming startups, Built In has launched The Future 5 across eight major U.S. tech hubs. Each quarter, we will feature five tech startups, nonprofits or entrepreneurs in each of these hubs who just might be working on the next big thing. You can check out last quarter’s Austin round-up here . * * * Rumaiza Fathima has been planning weddings for years. Prior to launching her wedding marketplace Wedy , she worked in the luxury destination wedding industry and planned big-budget weddings for professional athletes and celebrities. It wasn’t until Fathima planned her own wedding that she realized how outdated the industry was. It was in desperate need of tech upgrades, she said. Planning a wedding typically involves calling venues and filling out online contact forms for photographers, caters, DJs and other vendors. Then couples wait to hear back from each vendor about their availability and pricing. It is a long process with very little transparency and endless back-and-forth communication. “We’re in 2022. You can buy a $100,000 Tesla online today and you can go on Zillow and price a $2 million home, but I cannot book a wedding venue that’s down the street here in downtown Austin,” Fathima, Wedy founder, told Built In. Wedy aims to ease this process with its wedding planning marketplace and app that simplifies booking and paying wedding vendors. According to Fathima, the platform can reduce a 12-month process down to two days worth of planning. Through the platform, couples looking to get married can book everything from venues and photographers to florists and other services in a similar fashion to booking a stay on Airbnb. When booking a service on Wedy, couples can see the client’s availability and pricing. This provides transparency to the wedding industry. We help engaged couples to find and book these wedding packages in real-time. We’re able to do that because our platform is actually a B2B wedding business software that enables these professionals to sell packages, create invoices and manage their bookings in a centralized place.” Whether users select a few services or an all-inclusive package, Wedy also simplifies payment processing. Couples have two options for paying for their selected services. They can either pay half up front and the remainder at a later date, or they can get financing through Wedy and compile their venue costs and other services into a monthly payment. “We help engaged couples to find and book these wedding packages in real-time,” Fathima said. “We’re able to do that because our platform is actually a B2B wedding business software that enables these professionals to sell packages, create invoices and manage their bookings in a centralized place. So it’s basically a B2B2C wedding marketplace.” Working with small businesses that provide wedding services is Wedy’s main business model, according to Fathima. As such, the company works differently than other wedding planning platforms. The main differentiator is that Wedy doesn’t charge businesses to list their services on the platform; instead, it charges a fee once the service is booked. According to Fathima, other platforms charge businesses as much as $500 to be featured as a wedding service provider. “Traditionally, every startup in the wedding business has served the one-time customer, which is the couple. They get married and then they move on with their life,” Fathima said. “But we actually serve the wedding business owners because that’s where our repeatability comes from as a marketplace.” Currently, small businesses and contractors in Colorado, California, Hawaii and Texas can list their services on Wedy. Once on the app, they can set their schedules and pricing. As they continue booking weddings and receiving reviews on the platform, Wendy’s algorithm and team will highlight the vendor more often, increasing its chances of being booked. This provides quality control and ensures couples are booking reliable professionals, Fathima said. Wedy has paid out over half a million dollars in vendor earnings to businesses using the marketplace, according to Fathima. Since launching in February of 2020, Wedy has raised $285,000 from angel investors, friends and family. In that time, it has also grown its team to eight people. Fathima said the platform will expand to New York and several other markets by Q1 of 2023. The company is also in the process of raising a seed funding round.
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Wedy Frequently Asked Questions (FAQ)
Where is Wedy's headquarters?
Wedy's headquarters is located at Rua José Henrique Barbosa dos Santos, 159, Gravatai.
What is Wedy's latest funding round?
Wedy's latest funding round is Corporate Minority.
How much did Wedy raise?
Wedy raised a total of $240K.
Who are the investors of Wedy?
Investors of Wedy include Elo7, Eduardo Smith and Marco Poli.
Who are Wedy's competitors?
Competitors of Wedy include Joy and 2 more.
What products does Wedy offer?
Wedy's products include Wedy APP.
Compare Wedy to Competitors
iDoGifts allows couples to receive more expensive wedding gifts in their registry. We divide the gifts into shares, and thus no gift giver is breaking the bank. We are also adding a daily deal component that will allow brides and grooms to get 50% off their favorite wedding accessories
Wedly is a wedding planning site providing free tools to help couples plan and track every aspect of their wedding.
Uniko is an online wedding registry that allows couples to exchange received gifts for cash directly into their bank account.
Just because is an online wedding registry that coordinates, packs and delivers the gifts to the couple, at a time and place convenient to them.
The Knot is an online hub for weddings, offering planning tools, local vendor listings, wedding website listings, and more.
Joy is a free wedding website and app that helps couples share and coordinate the details of their wedding and plan for everything in between the engagement and the honeymoon. A social connection platform for the couple's guests, users are able to organize a smooth event when creating their wedding website by including a picture gallery, guest list manager, link to where they are registered, and more, while also incorporating an assistant that helps the users navigate, provides customizable designs, and integrates with the app for updating info and tools for the real-life event (such as allowing guests to upload their photos as they take them). Through the company's marital software suite, couples can use the service to manage their RSVPs, track guests, send push notifications to their guests, and keep everything organized.
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