Foap is a new web service that enables iphone users to sell photos via an app.
The company is licensing images at $10 - a ‘campaign price’ - and splits revenues 50/50 with the user. The 50% is then returned through the app, via PayPal integration.
“We want to attract the best Iphoneographers and those who are passionate about photography rather then everyone”, says David Los (photo), Co-founder of Sweden based Foap.
Foap is also aiming to create a platform where companies can post creative photo missions that the users can take on. They are already signed up with Ferratum, a micro loan company which is constantly looking for photos that illustrates “unexpected bills and expenses”.
The company has raised around around $230K and is looking to raise a second round within the next two months. The app launched in the Scandinavian AppStores on May 15, and has already signed up thousands of registered users who have uploaded tens of thousands of photos.