https://www.youtube.com/watch?v=_N326-JdKgghttps://www.youtube.com/watch?v=3VBmLGUDxWAhttps://www.youtube.com/watch?v=SVY4YxO9d4s https://www.youtube.com/watch?v=-elsEIs-M1o For each video must...

HOSPITALITY MANAGEMENT                                5
HOSPITALITY MANAGEMENT
First Video
    The founders of QPay, Andrew Clapham, Moe Satti, and Zakaria Bouguettaya are seeking to change banking for millennial for a $380,000 investment in return for only 8.4% equity of their business. Their business valuation is $4.5 million. They are there to sell the 8.4% stake of their bank QPay for $380,000. They are already working with 150,000 of university students in their market place app. One out of eight university students already have QPay. Therefore, they are launching their QPay MasterCard, which will allow students to spend their money on and off campus as well as online (YouTube, 2021).
    Questions were asked that whether it will be a credit or prepaid card or both, to which the founders replied that it acts like a debit card. Since the card released, 5000 students have already signed up and they are to deliver 3000 cards in the next three weeks. They have already raised $620,000 for marketing and operations and seeking $380,000 to grow their business all over Australia. They were asked why should this be brought and whether they had banking license. They answers were that according to the survey most people did not like visiting banks and since they are corporate authorised representative of Australian Licence Service holder and there services fit with the legal regulations in Australia. The previous year they did $10 million of transactions in Australia out of which the founders made $220,000 of revenues and a year prior to that it was $56,000 (YouTube, 2021).
    They will expand QPay to UK as it is three times larger than Australia. In UK, QPay is growing 3.4 times faster than Australia and they would be getting around 50% of the student market in Australia in next three years. This means probably 500,000 students and that they would be transacting 4-5 times in a...