Cinch Technologies
Cinch is a payment app that converts customer loyalty into cash.
Business Model: B2B
Revenue: $0
Employees: 11-50
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Detailed Cinch Technologies Information
Geographic Data
Address:
City: New York
State: New York
Zip:
Country: United States
Financial Info
Stage:
series unknown
Raised Last:
$4M
Raised Total:$6M
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0Website Monthly Traffic
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Description
Cinch is a payment app that converts customer loyalty into cash. Its mission is to help local neighborhoods thrive through local commerce. With AI-powered platform, Cinch leverages dynamic pricing and transaction data to enable businesses to change prices in real-time. Exposing these changes to a targeted local audience has proven to increase sales and reduce slow times. The company&s;s application provides online funding services where retailers can raise funds from its repeat customer base in return for a discount on goods and services purchased during the term of the loan. Consumers use Cinch wallet to pay in the neighborhood and enjoy personalized savings. It has created a network effect that benefits both businesses and consumers. Founded in 2017, Cinch Technologies is headquartered in New York.
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| Announced Date | Company | Transaction | Money Raised |
|---|
| Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 11/2017 | Venture Round | 1 | $1M |
World Trade Ventures (WTV) World Trade Ventures (WTV) |
10/2015 | Seed Round | 4 | $1.4M |
Entrée Capital iAngels ICONYC labs lool Ventures Entrée Capital iAngels ICONYC labs lool Ventures |
3/2019 | Venture Round | $3.7M |
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| Announced Date | Name | Price |
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