How they describe themselves: FreeMonee is the world’s first 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 an individual’s debit or credit card, allowing consumers to purchase anything they want with the designated merchant, with no strings attached. FreeMonee anonymously matches consumers to the 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, the world’s first gift network, enables merchants to profitably attract new customers and financial institutions to generate incremental customer-friendly revenue.