Forfeit
Forfeit is a consumer app based in Manchester, England, that helps users maintain habits by setting monetary stakes on task completion, integrating with various verification technologies and offering flexible scheduling.
Services
Forfeit offers a range of services designed to help users maintain and achieve their goals. The app allows users to set tasks with a monetary forfeit for non-completion, ensuring a financial incentive to stay committed. Users can verify task completion through multiple methods, including photos, timelapses, Apple Health data, RescueTime for web and app usage, and GPS check-ins. Additionally, Forfeit provides flexibility in scheduling, enabling tasks to be set for specific days of the week, a certain number of days per week, or a percentage of time. Adjustable leniency modes offer flexibility if users are unable to complete tasks due to unforeseen circumstances.
Technology and Integrations
Forfeit integrates with various apps and technologies to facilitate task verification and goal tracking. Key integrations include Apple Health for automatic verification of health-related tasks, RescueTime for monitoring web and app usage, and GPS for location-based check-ins. The app utilizes GPT4 Vision technology for initial evidence verification, transitioning to human verification when submissions are uncertain or disputed. Forfeit's robust technology stack ensures accurate and reliable task tracking for users.
Customer Support and User Privacy
Forfeit is committed to providing excellent customer support and upholding user privacy. Support is available through in-app chat, with typical response times within a few hours. The app places a high priority on user privacy, deleting photos and timelapses immediately after verification. These measures ensure that users feel supported and secure while using the platform.
Global Operations and Recognition
Forfeit operates on a global scale, accepting any currency and providing high levels of user satisfaction with a 94% success rate. The app is available on both iOS and Android platforms, making it accessible to a wide audience. Backed by Y Combinator as part of their W23 batch, Forfeit has processed over $1.1M USD in stakes and 86,000 forfeits set by users. This global reach and recognition validate Forfeit’s efficacy and reliability in helping users achieve their goals.