GameIQ
100% Real Cash Back
Carlsbad, CA
Advertising and Marketing
E-Commerce
Spindy, is a mobile rewards platform that gamifies shopping. We drive sales for businesses, generate savings for consumers, and profit from every transaction in the process.
$75,871
raised
111
Investors
$12.4M
Valuation
$1.25
Price per Share
$250.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on January 26, 2022 and is no longer accepting investments.
Reasons to Invest
Spindy has the flexibility to target a $14 trillion consumer spending market by gamifying transactions and seeks to disrupt a $73 billion loyalty program market.
Spindy’s patent-pending gamification engine harnesses the power of variable rewards, which has shown to be a highly effective way to engage consumers and drive sales in a cost-effective way.
The engine, which is built on a robust and scalable cloud infrastructure, also creates an array of opportunities for Spindy to license our technology to power third-party mobile apps, e-commerce websites, booking engines, etc.
Overview
The fun future of consumer rewards
Our technology revolutionizes consumer rewards by turning every transaction into a game for the customer, no matter the industry. They simply snap a picture of their receipt in the Spindy app, spin the digital wheel, and instantly receive a cash back reward equal to 1% to 100% of the original purchase price.
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Our patent-pending platform, owned by GameIQ, is also lucrative for businesses as the customers pay full price for their products, so merchants don't need to dilute their perceived value with discounts and buy-one-get-one deals. In a time when companies have to be more creative and engaging than ever to retain customers, Spindy shines as the next step in the evolution of loyalty programs and consumer rewards.
THE PROBLEM
Businesses spend billions on boring, outdated incentives
A 2019 LoyaltyOne report found that companies around the world spent over $126 billion in direct loyalty and customer relationship management (Source). In an ever-evolving digital world, companies are looking to elevate consumer incentives from dated concepts like coupons, punch cards, and reward points. In fact, increasing points and offering massive discounts often hurts the perceived value of brands.
Now more than ever, it’s critical to find fun and entertaining ways to engage customers. Traditional media advertising is becoming less and less effective. Consumers are becoming more sophisticated and their increasingly fractured attention span is more precious than ever. If companies are going to evolve with the times, they need to analyze behavioral economics and provide customers with a creative, rewarding, and fun experience to retain their business.
THE SOLUTION
Snap. Spin. Save.
We created a rewards platform that engages consumers and generates profits by leveraging people’s love of games. With Spindy, customers and businesses win every time.
The process is simple. Customers snap a pic of their receipt in the Spindy app, spin the app’s digital wheel, and instantly win a cash back reward equal to 1%-100% of the original purchase price. They win every time they buy.
For businesses, they publish cash back offers with us, which has been shown to attract and retain more customers. Our research has found that 71% of consumers will use Spindy on a regular basis to make a purchasing decision and that 79% of consumers are more likely to shop at a store that offers Spindy. These findings make perfect sense considering that 85% of Americans feel “awesome” or “good” about themselves after a store notifies them of an earned cashback reward, even if the amount is relatively small.
Since customers still pay full price, businesses won’t have to lower the cost of their products. Furthermore, merchants only pay when the app brings them a sale, ensuring businesses are able to protect their margins and brands. There’s no equipment to install, we don’t interfere with the current sales processes, and companies can fully utilize our platform within minutes. It’s that easy.
We win by taking a 20%-50% fee of every reward and by monetizing the behavioral, demographic, and usage data our app collects. Our platform is safe, secure, and completely turn-key.
THE MARKET
Spindy App utilizes the thrill of winning
We took the dated consumer loyalty model and turned it into a game. Spindy stands out in the $73 billion customer loyalty program market (Source) by employing variable rewards. Gamifying creates a more pleasurable and rewarding experience for the customer by making them feel like they’ve won everytime they make a transaction. This pleasurable experience in turn makes customers focus easier and sticks with them longer, thus making them likelier to use the app again because they’re using it on their terms (Source). Our approach utilizes powerful psychology to form long-lasting habits that are proven to drive sales.
Traditional consumer loyalty models like “daily deals,” online coupons, or buy-ten-get-one-free are simply more boring than our model, and in today’s day and age, boring is the kiss of death. Furthermore, our platform is merchant-focused, so businesses only pay after the customers make use of the cash back promotion. Our app is easy to use, and merchants can control and manage their on-demand promotions in real-time.
Source: D&B Global and US Business Data (dnb.com)
OUR TRACTION
A pandemic-proof business model
Early usage of Spindy has been promising to say the least. In our soft open, which included 57 Carl’s Jr. locations as well as several local businesses, Spindy boosted the average sales up to 88% in certain locations, generating over $1 million in sales for our customers.
As of June 2021, our app is fully integrated with OlO’s platform. Now all OlO customers can seamlessly use Spindy at their businesses by downloading the app and enrolling in the program. We have a patent-pending platform built on robust and scalable cloud infrastructure that we believe will be a key factor in the consumer buying process.
WHY INVEST
Our potential is limitless
Our vision is to gamify sales transactions from any source, any time, any place. The beauty of Spindy is that we don’t have to target just one market; we can target virtually all of them. We have the potential to build a platform that capitalizes on every industry no matter the economic landscape. The foundation of Spindy is built on the known psychology of variable rewards. It motivates customers to keep coming back, which increases sales for businesses and puts cash rewards in the pockets of customers.
People are growing tired of outdated consumer loyalty practices. They want a unique and engaging experience on their terms. No more spamming your emails, no more punch cards, no more buy-one-get-one-free schemes. Spindy is reinventing consumer rewards, and it’s more fun and exciting than ever!
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So long as transactions exist, Spindy will thrive. We don’t just aim to disrupt the $201 billion customer loyalty market, we want to be synonymous with rewards themselves. Invest in Spindy today!
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Offering Summary
Company | : | GameIQ, Inc. |
Corporate Address | : | 2173 Salk Ave., Suite 250, Carlsbad, CA 92008 |
Offering Minimum | : | $10,000.00 |
Offering Maximum | : | $1,069,998.75 |
Minimum Investment Amount(per investor) | : | $248.97 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 8,000 |
Maximum Number of Shares Offered | : | 855,999 |
Price per Share | : | $1.25 |
Pre-Money Valuation | : | $12,388,134.00 |
Voting Rights of Securities Sold in this Offering
Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.
Investment Incentives and Bonuses*
Time Based
Friends and Family Early Birds
Invest in the first 48 hours and receive 15% additional bonus shares
Super Early Bird Bonus
Invest in the next 72 hrs and receive 10% additional bonus shares
Early Bird Bonus
Invest in the next 7 days and receive 5% additional bonus shares
Amount Based
$500+
Spindy Stainless Steel Sports Water Bottle
$1,000+
-- Spindy Stainless Steel Sports Water Bottle
-- Access to Spindy Premier Referral program
-- Receive 1% additional bonus shares
$5,000+
-- Spindy Stainless Steel Sports Water Bottle
-- Access to Spindy Premier Referral program
-- Receive 3% additional bonus shares
$10,000+
-- Spindy Stainless Steel Sports Water Bottle
-- Access to Spindy Premier Referral program
-- Receive 5% additional bonus shares
$25,000+
-- Spindy Stainless Steel Sports Water Bottle
-- Access to Spindy Premier Referral program
-- 1 hr video conference with CEO or management team, once per quarter**
-- Receive 10% additional bonus shares
$50,000+
-- Spindy Stainless Steel Sports Water Bottle
-- Access to Spindy Premier Referral program
-- 1 hour private call with CEO, once per quarter
-- Receive 15% additional bonus shares
*All perks occur when the offering is completed.
**Calls or video conferences with the CEO and the management team will be available for 12 months after the offering is completed and may continue to be offered thereafter at the discretion of the company.
The 10% StartEngine Owners' Bonus
Spindy, Inc., will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.25 / share, you will receive 125 shares of Common Stock, meaning you'll own 110 shares for $125. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Any expense labeled “Travel and Entertainment”. Any expense labeled “Administrative Expenses” not strictly for administrative purposes. Salary payments made to one’s self, a friend or relative. Vendor payments.
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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$51,716.00
USD
$41,481.00
USD
Cash And Cash Equivalents
$19,308.00
USD
$3,881.00
USD
Accounts Receivable
$0.00
USD
$0.00
USD
Short Term Debt
$475,083.00
USD
$810,789.00
USD
Long Term Debt
$16,500.00
USD
$0.00
USD
Revenues And Sales
$24,684.00
USD
$42,890.00
USD
Costs Of Goods Sold
$6,514.00
USD
$7,478.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
-$147,919.00
USD
-$274,904.00
USD
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
Notice of Funds Disbursement
10 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, GameIQ has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in GameIQ be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
We're adding more locations!
10 months agoBased on the stellar success of our pilot program with Carl's Jr. in San Diego County we are now adding more locations in Southern California and Utah. We are looking forward to servicing these additional locations as we continue to grow our nationwide footprint.
Join us today by investing in our growing company! Share this page with your network and invite them to take partial ownership of Spindy!
Notice of Funds Disbursement
11 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, GameIQ has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in GameIQ be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
30 Day Results of Carl’s Jr. Pilot
11 months agoWe partnered with Carl’s Jr. in September to launch a promotion designed to test Spindy in their drive-throughs. Carl’s Jr. management was specifically interested in ascertaining the effectiveness of Spindy in driving repeat visits and increasing the average sale when promoted to drive-through customers. Here are the results from the first 30 days of the program.
- Spindy users spent 166% more per sale than average!
- Spindy users returned 2x more than average!
- The program generated 9x marketing ROI for Carl’s Jr.!
Digging in a little deeper we can see the following statistics:
- 34% of users were returning users and generated 62% of sales.
- The average sale was 47% higher for returning users.
- 83% of returning users purchased more than once vs. 40% of new users.
- Users who purchased more than once spent 64% more.
- Users who purchased more than three times spent 77% more.
- Returning users spent $33.06 on average vs. $22.28 spent by new users.
With results like this why wouldn’t more businesses use Spindy to drive new and repeat business? We think they will. All we have to do is put the word out!
Join us today by investing in our growing company! Share this page with your network and invite them to take partial ownership of Spindy!
Spindy Partners with Hoopla Doopla to Help Consumers Save Money Online And Offline
12 months ago
Hoopla Doopla (“Hoopla”) is a longstanding online deal publishing site that delivers cashback rewards, along with discount codes, coupons and other real-time savings opportunities for online shoppers. With a free membership account, shoppers can gain access to curated deals, coupons, and promotions, in addition to earning cash back from over 4,000 stores and brands. In addition to offering many traditional product categories such as clothing, travel, fitness, and beauty, Hoopla also offers many unique niche product curations.
Our newly forged partnership will fuse the two largest global shopping segments into a single source to provide exceptional savings and value for consumers while shopping both online and offline. This partnership will continue to build on what the rewards and loyalty marketplace has been demanding since the inception of digital commerce – an easy to use, omni-channel approach to consumer rewards and loyalty. On both Spindy and Hoopla’s shopping platforms, you will soon find both “online” and “offline” deals.
“Hoopla was originally built to provide users the best one-stop discount shopping experience online. While we have accomplished that, being able to provide in-store savings opportunities has been in our development pipeline. Listening to requests from our users who desire real-time, off-line deals in addition to our leading online shopping deals, we elected to fast-track this expansion with a partner who is already doing that with great success. When we saw what Spindy was doing with the in-person marketplace, including gamification, we instantly knew that they were the right partner for Hoopla. We could not be more excited to combine efforts and create the best savings platforms for shoppers.” said Tim Zeeb, CEO of Hoopla Doopla.
Stay tuned for more updates and join us today by investing in our growing company. Share this page with your network and invite them to take partial ownership of Spindy!
How spindy is changing lives, one spin at a time!
about 1 year ago
It’s not an exaggeration to say that people love getting up to 100% cashback on their purchases! Spindy is fun and rewarding, but it can be so much more for those who count on getting their well-deserved cash back rewards each week.
“I live paycheck to paycheck, and I don’t have gas money for my car to get to work. Spindy has sure been so helpful by returning some of my money back. I’m grateful for it.” -- Karen
In a twelve-month period, Karen used spindy 234 times and earned $576 cash back on $7,719 worth of purchases. Spindy has become part of Karen’s lifestyle, as it has for countless other users as well.
Many of our power users purchase and spin for rewards at multiple businesses to get their cash back. Here are some of our top earners over the past 12 months.
|
Spins |
Rewards Earned |
User1537739533 |
352 |
$1,144.65 |
User1537626249 |
384 |
$963.17 |
User1578105976 |
289 |
$936.12 |
User1601844021 |
154 |
$856.55 |
User1542261874 |
256 |
$772.51 |
User1562459424 |
233 |
$731.09 |
User1600490634 |
215 |
$695.54 |
User1536215935 |
156 |
$536.55 |
User1561224305 |
224 |
$520.04 |
Over the last 12 months almost 20% of spindy users redeemed rewards more than 25 times. That means 20% of our users spun for rewards at least once every two weeks.
For businesses, this can make a huge difference! And it's not just that Spindy users return more frequently, they also tend to spend more each time they purchase.
The following chart shows the increase in average sale with Spindy usage. The more rewards customers redeem with Spindy, the higher the average ticket.
The correlation between Spindy usage and the increase in the average ticket is clear. Spindy is a win-win for consumers and businesses!
Help us bring Spindy to even more shops and restaurants and reward more consumers by investing in our growing company. Stay tuned for more updates, share this page with your network and invite them to take partial ownership of Spindy!
Notice of Funds Disbursement
about 1 year ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, GameIQ has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in GameIQ be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Another record week for Spindy!
about 1 year ago
Our latest Carl’s Jr. promotion has resulted in another record week for Spindy! We launched our promotion in the drive-throughs of Carl’s Jr. restaurants across all locations in San Diego County.
Here are the impressive results from the first week of our promotion compared to the week before:
- New user registrations up 228%
- User activity (“events”) is up 346%
- Revenues are up 80%
For Carl’s Jr. the results have also been stellar:
- Spindy users spent 185% more than average at $29.95 per purchase
- 17% of new Spindy users have already returned more than once during the week
- Return users spent 85% more then first time users
Stay tuned for more updates and join us today by investing in our growing company. Share this page with your network and invite them to take partial ownership of Spindy!
Expanding our Carl's Jr. promotion
about 1 year ago
Based on the stellar results of our promotion in drive throughs at Carl's Jr. restaurants we are now expanding to program to all stores in San Diego County.
We partnered with Carl’s Jr. in July to launch a promotion designed to test Spindy in their drive-throughs. Carl’s Jr. management was specifically interested in ascertaining the effectiveness of Spindy in driving repeat visits and increasing the average sale when promoted to drive-through customers.
Our results were stellar! During the 30-day promotion, Spindy users spent 22% more than non-spindy users and 32% of the new users visited the restaurant 4 or more times, demonstrating how Spindy excels at driving repeat business to restaurants.
Based on the positive results we are now expanding the program to all location in San Diego County. Stay tuned for more information about our progress during this exciting promotion.
Join us today by investing in our growing company! Share this page with your network and invite them to take partial ownership of Spindy!
Why is the rewards and loyalty space is so hot right now?
about 1 year ago
Here's a great article from Forbes which explains why restaurants are investing so heavily in rewards and loyalty. As companies continue to compete for loyalty customers, the case to differentiate their brands with unique offerings, like our proprietary gamification platform, becomes even more clear.
Read more here: https://www.forbes.com/sites/aliciakelso/2021/08/20/major-restaurant-chains-are-competing-over-loyalty-customers-heres-why
Join us today by investing in our growing company! Share this page with your network and invite them to take partial ownership of Spindy.
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