San Mateo, United States
FreeMonee is revolutionizing advertising by offering stores and restaurants a means to attract customers instantly through FreeMonee Gifts. These innovative consumer incentives are monetary gifts delivered directly to cardholders by major financial institutions. Tailored to match consumer interests, these gifts can be spent at specified locations with no limitations, feeling more like a personal gift card rather than a traditional coupon.
FreeMonee's proprietary Gift Underwriting Engine ensures the optimal gift to maximize consumer engagement and provide the best return on ad spend for merchants, eliminating the need for discounting for retail marketers. Moreover, for banks and credit card companies, FreeMonee represents a way to positively engage customers and enhance loyalty. Founded in 2009 and based in San Mateo, California, FreeMonee is led by former executives from Google, Visa, Oracle, Cisco, Procter & Gamble, and Coca-Cola.
The company has garnered $45 million in funding from a group of notable investors including Charles E. Ryan, Opus Capital Ventures, Redpoint Ventures, and Sutter Hill Ventures. FreeMonee's strategic partnerships with top U.S. financial institutions position it to reach 50 million households with FreeMonee Gifts in 2012.
Overall, FreeMonee's innovative approach to advertising, strong leadership team, and solid financial backing make it a compelling player in the advertising industry with significant potential for growth and impact. For more information, visit www.freemonee.com.
