Area native Cliff Canan, 26, came up with the idea for Nooch while at college — where his bank had no ATMs. Frustrated that there was no easy, or free, way to transfer money on the go with friends, he conceived a mobile application for social payment.
Nooch was incubated at Drexel's Baiada Institute. It won first place in the Baiada Institute's 2012 Incubator Competition. Nooch’s founders are group led by Cliff Canan, a Duke grad.
CEO Cliff Canan explains why you should use Nooch instead of Venmo. The biggest differentiator, he said, is that Nooch is not a social network.
The inaugural Marcum 'Innovator of the Year' Awards recognize companies that have made great strides in innovation in tech, healthcare, energy and business management. The nominees represent a cross-section of innvation that shines a great light on the Philadelphia region's budding ecosystem for emerging technologies and companies.
The Laurence A. Baiada Institute has announced the winners of its 2012 Incubator Competition. First place goes to Nooch, Inc., a mobile application for smartphones that enables users to send money person-to-person.
Did you ever have a friend who you owed you $20 for something? Or did you split a dinner tab with friends, but they owed you money for the bill? Then when you see the person they say, "Oh, I don't have any cash on me, I'll get you next time." But next time never came, and you never got your money back.