FinovateFall 2011 / FreeMonee Network
Presenter Profile:
How they describe themselves: FreeMonee is the world’s only national gift network – we connect millions of credit and debit cardholders from the world’s largest financial institutions with national and local merchants. The merchants offer FreeMonee gifts – monetary incentives – to individual cardholders through the financial institutions. FreeMonee gifts function like a gift card on a debit or credit card, allowing consumers to purchase anything they want with the designated merchant, with no strings attached. The gifts are credited to the individual’s card account following the purchase. FreeMonee anonymously matches consumers to relevant gifts using their proprietary Adaptive Matching Technology that analyzes card transaction data to identify the highest value consumers for merchants.
How they describe their product/innovation: FreeMonee will demonstrate a powerful new extension of our gift platform that introduces a whole new way for consumers to interact with their financial institutions. The product draws on the power of FreeMonee’s analytics and scoring capabilities to create a new form of merchant search.
Contacts:
Bus. Dev.: Mark Uicker, Head of Business Development, mark.uicker@freemonee.com
Press: Deanna Decker, Account Manager, Allison & Partners, deanna@allisonpr.com, 415-277-4929
Website: www.freemonee.com
HQ Location: San Mateo, CA
Company Founded: July 2009
Product Being Demoed: FreeMonee
Product Launched: Fall 2011
Metrics: FreeMonee Network raised $11 million dollars (as FMN Technologies) in an initial round of funding and has 30+ employees.
- Key Executives
Gadi Maier (CEO & President), Andy Laursen (Head of Engineering), Mike Linton (EVP Sales & Marketing), Joe Salesky (Founder & Chief Strategy Officer), Jim Taschetta (CMO), Mark Uicker (Head of Business Development), Ayelet Zadok (Head of Network Services)
Key Stats
- Key Board Members
Phil Marineau (Partner, LNK Partners; Chairman of the Board, Shutterfly; former President & CEO, Levi Strauss & Co. and Pepsi-Cola North America), Peter Ueberroth (Managing Director, Contrarian Group; Co-Chairman & Owner, Pebble Beach Co.; Director, The Coca-Cola Co.; former President, LA Olympic Organizing Committee)
- Key Investors
Opus Capital Ventures, Redpoint Ventures, Sutter Hill Ventures, Pinnacle Ventures, Contrarian Group
- Key Partnerships
FreeMonee is partnered with many of the nation’s largest financial institutions.
- Key Customers
FreeMonee works with thousands of national and local merchants.