Buzz Points

others

FOUNDING YEAR: 2009
LOCATION: United States
Last Update: 17/07/2020

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About

Buzz Points is a holistic platform solution that allows community financial institutions to engage cardholders, build relationships and drive revenue by offering rewards for debit cards, credit cards and account balance activities. Our incentive-based customer engagement and revenue platform connects consumers, local businesses, and community financial institutions. Results from partner banks and credit unions have proven that the innovative platform boosts revenue and customer engagement. Buzz Points is more than a points program, it drives revenue by building relationships and bringing communities together.

MEDICI Analysis

Buzz Points is a rewards program that rewards consumers for choosing local businesses over national chains, and for banking with a local community bank or credit union. The localized rewards program is a win-win-win for customers, community financial institutions and locally owned businesses.

Focus

PRODUCTS & SERVICES

A rewards platform prduct for local business, commmunity banks/credit unions and consumers

MAIN CLIENTS

Franklin Savings Bank

St. Mary's + Affiliates Credit Union

UMassFive College CU

HarborOne Bank

EXISTING PARTNERSHIPS

First Bank

Community Bank

Kent’s Market

Financial Builders Federal Credit Union

Franklin Savings Bank

Traction

VALUATION / MARKET CAP:

$126.7 M

People

BOARD MEMBERS AND ADVISORS

Dwayne Spradlin

Ellie Wheeler

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Daylight Ventures

Greycroft Partners

KEC Ventures

Lead Edge Ventures

Metamorphic Ventures

Wild Basin Investments

KEY EMPLOYEES:

John Bettiol

Momentum

FUNDED

NO

TOTAL FUNDING

$2.96 M

DATE OF LAST FUNDING

Aug 2017

TOTAL FUNDING COMMENT

Venture: $1.86 M raised in January 2017.

LISTED

NO

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