Clinkle is a recently founded mobile payments company. Founder, Lucas Duplan, brought his idea to life in 2012 while he was a student studying Computer Science at Stanford University. Clinkle is a downloadable app that can be found on Google Play or the iTunes store. The product was not launched to the public until September of 2014. However, in 2013 Clinkle raised $25 million in capital.
Why use Clinkle? The reason is because users can earn rewards for paying using their app whether in store or online. After every seventh payment the user receives a “Treat”. These can be used to refund their next purchase or even send them along to a friend who also uses the app. In 2013 they trialed Crinkled on a few college campuses and within weeks had over 100,00 students sign up.
Clinkle is Silicon Valley’s next big financial application for consumers of all ages.
Really interesting idea! The name of the app is different and intriguing. It’s the perfect time for their start-up with more and more people paying with their phones.
Incentives are one of the biggest proponents to human action. With an incentive to purchase more products using crinkle, there is no wonder why this app is a success. Genius.
Would be interesting to introduce this to Grove City College campus! Has a very interesting name that makes you read into the company. Having an app that rewards you and incentives you to purchase more is always a great way to add revenue!
Interesting app. I heard that Lucas Duplan is not a very nice or professional CEO. He fires workers just to bring in more executives. He also has a very high turnover rate within his company.