
RetainIQ
Enables ecommerce stores and brands globally, to convert and retain their customers.
Date | Investors | Amount | Round |
---|---|---|---|
* | $2.3m | Seed | |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 189 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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RetainIQ is a tech startup that operates in the e-commerce market, providing a suite of tools designed to enhance customer loyalty and increase conversions. The company's primary focus is on helping businesses leverage their customer data to create personalized shopping experiences.
RetainIQ's platform allows businesses to integrate customer reviews and ratings, use location-based personalization, and track customer behavior to trigger specific actions. For instance, it can translate weather data into actionable insights, suggesting products based on local weather conditions. This level of personalization helps businesses connect better with their customers, increasing their loyalty and encouraging them to make more purchases.
Additionally, RetainIQ uses the concept of social proof to boost conversions. By showing customers how popular a product is, it capitalizes on the bandwagon effect, encouraging more people to buy. The platform also makes it easy for businesses to inform customers about new offerings or store locations, further enhancing the shopping experience.
The company's business model is based on a subscription service, where businesses pay a recurring fee to access its tools and features. However, RetainIQ also offers a free trial for the first campaign, allowing potential clients to test the service without any financial commitment.
RetainIQ serves a wide range of clients, from small businesses to large enterprises, all looking to improve their e-commerce performance and build stronger relationships with their customers.
Keywords: E-commerce, Customer Loyalty, Personalization, Location-Based Marketing, Social Proof, Conversion Rate, Subscription Service, Free Trial, Customer Relationship Management (CRM), Data-Driven Marketing.