PlacePop Looks To Give Any Business Its Own Rewards Program, Raises $1.4M

It’s no secret that loyalty programs — like those hole-punch cards that give you a free Slurpee every ten visits — are a great, cheap way to keep customers coming back to your business. Thing is, running these programs isn’t always as easy as it seems, especially if a business wants to do something more complex than the basic “buy ten get one free”. PlacePop is a new startup looking to make these loyalty programs accessible to any business: the startup has built a self-serve platform based around its new iPhone application which companies can use to distribute virtual, custom-branded loyalty cards.

Today, the company is launching at our Social Currency CrunchUp, and it’s also announcing that it has closed a $1.4 million round of funding.  Participants in the round include Affinity Labs Founder Chris Michel, Bebo Founder Michael Birch, and James Currier and Stan Chudnovsky, both of whom cofounded Ooga Labs.

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4 Responses to “PlacePop Looks To Give Any Business Its Own Rewards Program, Raises $1.4M”

  1. Kameko Oliver says:

    This gets straight to the point, and is less invasive than say any LBS. This is a business model I would personally invest in as it makes sense from first inspection. I think Foursquare should be worried if this gains traction – and I hope it will.

  2. Larry Chiang says:

    I like it. Its awesomely granular in goes at a real world issue

  3. Tom says:

    Now this is something I would invest in. Makes so much more sense than these silly “mayor of…” schemes.

  4. Markg says:

    Love it. Anyway more merchants can do loyalty well is a great thing. See http://www.loyalty lab.com

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