10 more potential sources of recurring revenue 1) Abbott's Butcher
2022-01-28 - sign a deal for FOBI/Qples to provide coupon services to its customers
"the signing of a deal on January 17th to provide Abbot’s Butcher, a premium plant-based protein brand, with Fobi’s Qples coupon platform.
Abbot’s Butcher is an up-and-coming plant-based protein company that champions sustainability and health and which has now expanded into over 800 retail and food service locations across the US, including Whole Foods Market. They were looking to offer digital coupons to add value to their customers and make it easier to redeem their coupons, as everything they do is about their customers and improving their experience. To achieve this, they evaluated several options, however, they found that other options were more limited than Qples by Fobi, and they felt confident that Qples was an industry leader in digital coupons. They also were pleased by how easy Qples was to use, and the great service they got from the Qples by Fobi team."
2) INSight
2022-07-11 - Fobi Signs Agreement With INSight To Provide Integrated Digital Insurance Solution To The Caribbean & Latin America
"Digital proof of insurance solution to deliver a closed-loop insurance solution that connects insurance records to local Police and Judicial Systems and Governmental bodies.
it has signed an annual license with INSight, one of the leading digital proof of insurance providers to insurance companies in the Caribbean, to expand their integrated digital proof of insurance and claim management solution from the current implementation in Curacao, to the entire Caribbean region and parts of Latin America.
Passcreator by Fobi now powers four of the top ten insurance companies in the world for digital proof of insurance. Fobi earns revenue from this deal with INSights through an annual license fee and per pass fees."
3) Scotch & Soda
2022-09-28 - Fobi Announces Passcreator Digital Membership Card Deal With Scotch & Soda, A Leading Global Fashion Brand
"Fobi set to deliver digital customer membership cards for one of the world’s largest fashion and retail brands, based in Amsterdam
Scotch & Soda will distribute Passcreator by Fobi Wallet passes to all customers, who sign up for the “Club Soda” Membership Programme. The members will then be able to show the pass at their retail locations where the QR code on the pass will be scanned. Scotch & Soda will collect the POS data, which will be synched to their Salesforce CRM system and the transaction data can then be attributed directly to the customer. Fobi will generate revenue from this deal through an initial onboarding, training and setup fee and monthly per pass license fees."
4) Wild Birds Centers of America Inc. - contract thru Vend (now part of Lightspeed)
Vend is the first POS built for iOS and is now used in over 25,000 stores across 140 countries. Vend’s fast growth and global reach creates opportunities across the world for Loop and its technology in the retail vertical. To this end, the companies have already secured the first implementation at a Vend client, Wild Birds Centers of America Inc. – a North American aviary retail franchise with 30 stores – and subsidiary of Global Harvest Foods Ltd. Loop plans on widening the scope of opportunity Global Harvest Foods.
5) Your CBD Store/SunFlora - contract thru Vend (now part of Lightspeed)
2021-11-04 - Fobi Completes Your CBD Store 20 Location Pilot and Now Set to Rollout All 550 Retail Locations
"successful completion of initial 20-store pilot and will now roll out all 550 Your CBD Store retail locations
Loop to Generate Monthly Recurring Revenue From 550 Your CBD Store Locations
Your CBD Store represents the company's second deal through Vend and its first franchise customer, as announced on August 12, 2020. Your CBD Store is the largest CBD brick-and-mortar retailer in the United States with over 550 locations across 41 states. The Your CBD Store expansion includes the implementation of Loop's data insights platform across 170 new stores by the end of 2020 and an additional 380 stores in Q-2 of 2021.
Loop will significantly benefit from Vend's large global sales team pushing Loop's products and services to its current 25,000 retail customer base. With Loop's Insights and Analytics service gaining traction, Loop will now look to introduce its automated marketing service to the Vend sales channel, which will provide additional recurring revenue opportunities through monthly SAAS as well as potential revenue share opportunities.
channel reseller agreements, such as Vend, provide us with a stable path to revenue that can be replicated over and over again. Our current ""Insights"" pricing model is $50 per month per till, with an average of 4 tills per retail location. If we were to successfully onboard all 25,000 Vend customers, we would be looking at potential monthly recurring revenue of over $5,000,000. When you layer in our automated marketing ""Engage"" service and wallet pass loyalty application, these numbers quickly multiply by 5-10x, which provides the company with a very significant revenue stream."
6) FanMaker
2022-11-01 - Fobi Signs Strategic Partnership Agreement With Leading Pro and Collegiate Sport Loyalty and Rewards Provider FanMaker
"Partnership to deliver integrated mobile wallet functionality as well as advanced analytics for professional and college sports teams and venues throughout North America.
new strategic referral partnership with FanMaker, the largest provider of athletic team loyalty programs in the US and Australia.
FanMaker builds loyalty apps and websites for professional and collegiate sports teams across the NCAA , NFL , NHL , NBA , MLS and MLB teams, including the likes of:
Kansas City Chiefs & Arizona Cardinals/Minnesota Wild & Nashville Predators/Detroit Pistons & Philadelphia 76ers/Ole Miss & University of Houston
FANMAKER AND FOBI SET TO PROVIDE NEXT EVOLUTION IN REAL-TIME PERSONALIZED FAN ENGAGEMENT
INTEGRATED MOBILE WALLET OFFERING TO PROVIDE BETTER USER EXPERIENCE AND ADDITIONAL OPPORTUNITIES FOR SPONSORSHIPS"
7) Telus as a Direct Reseller of FOBI technology
2021-05-26 - Telus upgrade its agreement with FOBI/LOOP Insights to a multi-year agreement as a Direct Reseller of FOBI technology
https://www.fobi.ai/press/news_telus-reseller
Upgrade of Loop – TELUS Partnership From Marketplace Listing To Direct Reseller Further Supports Value Of Loop Insights To World’s Biggest Companies
This upgrade in the Loop – TELUS relationship from IoT Marketplace partner to procurement reseller of Loop’s solutions represents a significant progression in the relationship and further supports the confidence shared by the world’s biggest technology companies in Loop as a global leader in real-time data driven analytics. As a result of this new upgraded relationship, Loop will enjoy significant business development benefits including:
- Direct access to the large, national network of TELUS clients
- Immediate access to the large, national TELUS sales & support team
- TELUS reputation and status as a trusted national supplier
- Accelerated sales growth with limited increase to infrastructure
- Multiple-Year commitment and long-term sales visibility
TELUS will provide marketing, pre-sales, and sales services for Loop products which will allow Loop to scale and grow the business much faster through a trusted partner. TELUS will also provide service and support for Loop products, which will help Loop cut costs as it reduces the investments that Loop will need to make to build out a service and support infrastructure.
2022-10-21 - Fobi Provides Business Update on Various Pilot Projects
[url=[url=https://www.fobi.ai/press/fobi-business-update-on-pilots]https://www.fobi.ai/press/fobi-business-update-on-pilots[/url]][/url]
The Company has completed two pilot programs with TELUS Corporation (“TELUS”), allowing FOBI to showcase its suite of products. Upon completion of these pilot programs, the Company was approved by TELUS to upgrade from the Telus Marketplace to a full procurement partner. The procurement agreement provides TELUS with wholesale pricing to FOBI's products and for TELUS to resell FOBI’s products, through its expansive sales network, under TELUS products and services. Since signing the procurement partnership, TELUS has begun successfully selling FOBI’s products to TELUS customers, which has resulted in TELUS securing revenue-generating commercial contracts. These contracts vary in term and revenue is generated through, but not limited to, platform fees and active wallet pass fees that vary by customer. TELUS continues to work on several new opportunities in both government and private sectors opportunities for FOBI's products and services.
8) In-Touch
22-Sep-21 - Fobi Data Exchange Launches With First Partner, In-Touch Group, A Leading UK Platform Managing Data From 6,000 Independent Convenience Stores
"In-Touch Group will optimize Data With Fobi AI-Driven Analytics And Monetize Through Global CPG Brands. Fobi Data Exchange (FDX) Delivers Analytics For Both Convenience Stores and CPG Brands Previously Thought Unattainable
the launch of the Fobi Data Exchange (“FDX”) with its first data monetization agreement and partner, In-Touch Group, a provider of consumer insights and digital marketing to retailers and consumers. In-Touch currently manages a data lake of point-of-sale transactions for approximately 6,000 convenience stores, which is projected to increase to approximately 10,000 stores by the end of 2021.
Through FDX, Fobi will optimize and monetize this data by providing Global CPG brands with insights, analytics and advanced audience segmentation capabilities into independent convenience stores never before thought possible.
Richard Lee, SVP, Strategy and Corporate Development at Fobi stated
“These independent convenience stores represent a large proportion of branded goods sales in the UK, but a small proportion of actionable insights due to the fragmented nature of their collective data. Through FDX we will apply our industry leading AI analytics to create visualization, forecasting, insights and predictive analytics data for CPG companies that simply wasn’t previously possible.”"
9) Yotpo
21-Jun-22 - Fobi Launches Partnership with Leading Loyalty and Brand Marketing Provider Yotpo
"Fobi and Yotpo to offer Digital Wallet Loyalty Solution to Yotpo’s over 300,000 accounts.
new digital loyalty partnership with Yotpo, a leading provider of loyalty and customer review solutions for brands. Yotpo provides loyalty and customer review solutions to over 300,000 customers across multiple industries. Last year Yotpo achieved unicorn status with a valuation of $1.4 billion, including a $200 million raise and an investment of $30 million by Shopify. Fobi’s new Yotpo Wallet pass solution, initially will focus on Shopify retail and E-commerce customers and will eventually expand into other POS and E-commerce platforms. Fobi will make revenue from one-time setup fees per retailer and on per pass monthly licensing fees.
PARTNERSHIP TO PROVIDE FOBI’S MOBILE WALLET LOYALTY OFFERING TO THOUSANDS OF TOP-TIER BRANDS
The partnership with Yotpo not only gives Fobi access to their thousands of brands and their millions of end-user customers. It also gives Fobi the ability to jointly provide together with Yotpo a more robust loyalty offering to Fobi customers and prospects as well. Yotpo’s loyalty functionality is fully featured and has already seen great success with brands in the marketplace. With out-of-the-box campaigns for rewarding customers with points for their activities, multiple ways to collect and redeem points and advanced segmentation based on reward status or tier, Yotpo loyalty functionality perfectly complements Fobi’s Wallet pass platform. The combination of Fobi’s Wallet pass platform and Yotpo’s loyalty features will provide brands with one of the most fully functional loyalty platforms available today."
10) ShopperBridge
2022-10-13: Qples by Fobi Goes Live With New Affiliate Marketing Platform And Announces First Two Commercial ShopperBridge Deals
"Qples Affiliate Marketing Platform signs on first 10 influencers, immediately expanding the Qples distribution and audience by over 10x
new Qples Affiliate Marketing platform with 10 top affiliates, as well as the first two ShopperBridge deals. Fobi will generate revenue from the affiliate marketing platform by reselling coupon prints through the affiliate websites and social platforms. Fobi earns revenue from ShopperBridge deals through media and advertising sales.
Fobi’s new affiliate marketing platform is off to a roaring start with 10 top affiliates that collectively have millions of monthly page views having signed up for the initial launch. All of the affiliates will promote the Qples coupon gallery, that is currently only promoted through the Grocery Coupon Network (GCN), through their heavily trafficked websites. This will significantly increase exposure of the Qples coupons through these top affiliates and will immediately increase Qples’ monthly coupon print volume. Qples pays a percentage of the revenue for each coupon print to the affiliate out of the money that the CPG brands pay to Qples for the coupon campaign. This means that as the number of coupon prints scale, revenues will also scale accordingly. Initially the focus is on affiliates who have significant communities of followers who will immediately increase the number of coupon prints. Next up is a focus on signing influencers who can drive significant coupon print volumes through their hundreds of millions of dedicated followers. For this, Fobi’s recent agreement with Xinfluence will play a key role in delivering impactful Influencer campaigns for the CPG brands.
ShopperBridge :first 2 deals have now launched. The first deal was signed with Karuna, makers of Karviva beverage. The second deal has been signed with Blue Bunny ice cream, which is a new extension of the recently announced end-to-end 8112 universal digital coupon pilot that Fobi is part of in Colorado with Lagrees grocery stores. The ShopperBridge platform enables CPG brands to measure the uplift of in-store sales on a product by product and store by store basis from their media advertising campaigns, solving something that has been a long-standing issue in the industry. The reaction to the ShopperBridge platform from CPG brands so far has been very strong, given the ability this gives them to track in-store attribution and ROI from their advertising campaigns with even more granularity."
11) Insurance provider (??)
2022-01-05 - a leading Global Insurance Provider sign a $300,000 Annual Licensing deal with FOBI/LOOP Insights to provide Digital Proof of Insurance in Europe
"FOBI WALLET PASS POWERS DIGITAL PROOF OF INSURANCE FOR THREE OF THE TOP TEN LARGEST GLOBAL INSURANCE COMPANIES
Fobi’s Wallet pass platform will now enable the insurance provider to issue digital proof of insurance passes for both auto insurance and general insurance across five countries in Europe. The utilization of Wallet passes for digital proof of insurance by global insurance companies is very advanced, and with this most recent deal, Fobi is now powering three of the top ten global insurance providers with their Passcreator Wallet pass platform.
The client that is being announced was very clear as to why they chose Fobi to provide this service, and why they structured an auto-renewal of their contract. The level of customer service and functionality that Fobi provides is better than the other solutions in the market.
"