Jingit, the startup that pays users to watch ads online, announced last week that it raised $7 million from undisclosed investors.
This comes after the $3.5 million round the Minnesota-based company raised last year, bringing the total investment amount to over $10 million.
Jingit demoed at FinovateFall 2011, where it announced that U.S. Bank will provide the Jingit debit card that users can swipe to spend the cash they earned watching ads. No word on the status of that trial.
To learn more about Jingit, watch its FinovateFall 2011 demo.
Jingit, the startup that pays users to watch advertisements, announced positive initial results:
“The number of participants doubled in October and again in November. The steady growth is attributed to its viral and social media marketing efforts as well as its captivating demonstration and unveiling at the FinovateFall Conference.”
It is also having success with its U.S. Bank-issued Jingit Visa debit card. Almost 33% of Jingit participants have already ordered the card. And U.S. Bank is pleased with the numbers, saying that it has “exceeded expectations.”
To learn more about Jingit, watch its FinovateFall demo.
This morning, Jingit
demonstrated its platform that helps consumers earn cash in exchange for brand engagement:
“With Jingit, you earn real cash (not credits, points or virtual currency) by engaging with brands. Instantly spend that cash to buy goods online with your Jingit balance, or in the real world with a Jingit Visa® Debit Card.”
Product Launched: August 2011
HQ Location: Minneapolis, MN
Company Founded: January 2010
Presenting Joe Rogness (Co-CEO) & Todd Rooke (Co-CEO)