Brandon Fassberg
Brooklyn, NY (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Couponomy Inc.
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Startup
Location:
Brooklyn
Industry:
Software
Year Founded:
2012
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
"C" Corporation
Description:
Couponomy is a unique mobile-based loyalty software that allows customers to earn loyalty points from their friends' purchase activity as well as their own.
Using a proprietary process, Couponomy allows Merchant Partners to create a marketing effect that can ultimately maximize product/service awareness.
Illustration:
A customer spends $20.00 using Couponomy® at a participating venue. As a result, the spending customer earns 20 loyalty points at that venue for himself and 20 loyalty points evenly distributed throughout his Couponomy® friend network. If that customer has 10 friends, each friend would earn 2 loyalty points from the spending customers $20.00 purchase. If that customer has 500 friends, each friend would earn 0.04 points.
Although it may seem limiting having larger networks, that is not the case.
The spending customer will always earn points = dollars spent (in the above illustration the spending customer earns 20 points whether he had 10 friends or 500 friends).
The venue will also always distribute points = 2x the dollars spent (in the above illustration the venue distributed 40 points (2 x $20) whether the spending customer had 10 friends or 500 friends).
Our current BETA application for iPhone is available via iOS App Store.
The company has a patent pending on our point distribution process.
*Official business plan available upon request*