Rewardli operates an "always on" marketplace that enables SMBs to leverage their social graph to form buying groups and save on everyday purchases. The platform offers cash-back and discount deals (roughly 2–50% off) from over 70 vendors, including Staples, FedEx Office, Expedia, GoDaddy, Skype and Travelocity, and delivers checkout codes or cash-back bonuses (example: a $10 cash-back via Priceline). Business owners sign in via Facebook Connect or LinkedIn, can request deals to share with their networks, form private groups for access, and use a browser extension that detects available deals on vendor sites. Rewardli powers private deal sites (including one for 500 Startups companies) and plans to launch similar private sites for loyalty groups, conferences, alumni and member associations. The company monetizes by taking a cut of each transaction; early testing shows users save an average of 10% while Rewardli captures roughly 3% of the total purchase volume. Rewardli graduated from 500 Startups' first class, launched at TechCrunch Disrupt, and plans to offer a white-label SaaS solution in the future.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2011