- Fobi AI Inc. (FOBI) has entered a new digital loyalty partnership with Yotpo
- Yotpo provides review solutions to over 300,000 customers across multiple industries, and last year it hit a valuation of $1.4 billion
- Fobi stated its new Yotpo Wallet pass solution will start by focusing on Shopify customers
- Fobi will make revenue from one-time setup fees per retailer and per-pass monthly licensing fees
- Fobi is confident that the Yotpo loyalty functionality complements its wallet pass platform.
Fobi AI (FOBI) has entered a new digital loyalty partnership with Yotpo, a provider of loyalty and customer review solutions for brands.
Yotpo provides review solutions to over 300,000 customers across multiple industries, and last year it hit a valuation of $1.4 billion, including a $200 million raise and an investment of $30 million by Shopify.
Fobi stated its new Yotpo Wallet pass solution will start by focusing on Shopify customers and then expand into other POS and E-commerce platforms. Fobi will make revenue from one-time setup fees per retailer and per-pass monthly licensing fees.
Fobi believes that the new partnership will allow it provide 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.
Fobi is confident that the Yotpo loyalty functionality complements its 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.
“We have been working for quite some time on the launch of the Fobi mobile wallet loyalty and rewards offering… the Fobi mobile wallet technology is well suited to deliver the next evolution in loyalty and rewards and with our partnership with Yotpo we are well-positioned for early success,” Fobi CEO, Rob Anson, said.
Fobi AI Inc. (FOBI) is down 2.38 per cent and is trading at $0.41 per share as of 1:25 p.m. ET.