Claim
Claim is a social shopping app that targets Gen Z consumers, offering cash back and brand discovery features while ensuring user data security.
Company Overview
Claim is a social shopping platform designed to help users discover new brands, earn cash back, and share benefits with friends. The company provides its services via an iOS app, which links directly to users' credit cards to track purchases and provide rewards. Focusing primarily on Gen Z consumers, Claim has tailored its platform to appeal especially to college students at major universities.
Funding and Investment
Claim successfully raised a seed round of funding led by Sequoia Capital. This investment highlights confidence in Claim’s business model and growth potential in the social shopping sector.
Target Market and Services
Claim targets Gen Z consumers, with a particular emphasis on college students. The company offers various tailored solutions for different business types, including restaurants, brick-and-mortar stores, and e-commerce platforms. By providing these specific services, Claim ensures diverse application of its platform across multiple business sectors.
Marketing Performance
Claim claims a significant 4.8x return on ad spend for marketers who utilize their platform. Additionally, the company promises no upfront costs for businesses wishing to start acquiring customers through its platform. This makes it a cost-effective choice for businesses aiming to expand their customer base efficiently.
User Data Security
Claim is committed to ensuring user data security and privacy. The company explicitly states that personal information will never be sold, securing user trust and maintaining data integrity.