Connected Analytics (Thank U Cash), a multi-merchant rewards platform has hit a landmark of $100k in cash rewards and $5.5M in transaction volume.
The accomplishment was revealed in a tweet by Thank U Cash Co-founder, Simeon Ononobi. He expressed great excitement on reaching $100k milestone and the addition of 14 new members to the Thank U Cash team.
Founded in 2018 by Madonna Ononobi, Simeon Ononobi and Suraj Supekar, Thank U Cash is fast growing with new merchants joining the network at an exponential rate. The reward platform currently boasts 250K users but Simeon Ononobi says the company’s next milestone is to hit 1 million customers by September 2019.
Connected Analytics (Thank U Cash) utilises a reward system to discover customers spending patterns, customer’s value preference and retention. The company utilise the data obtained to help customers earn and save more on deals while also helping their businesses grow in customer base, retention and acquisition.
The growth of Connected Analytics (Thank U Cash) is backed by major startup investors Microtraction, Ventures Platform and Google Launchpad Accelerator.
According to Crunchbase, about $210,000 in over 3 rounds has been invested in Thank U Cash since its launch.
Connected Analytics ‘Get Instant Cash, when you spend’ policy according to their website has saved a significant amount of over N13million on transactions and has risen their current transaction volume to $5.5M.
Thank U Cash’s success has made a lot of customers and merchants happy. Amadi Lawrence, a customer of the platform said that using Thank U Cash has been rewarding to both him and his customers.
We love it and it has really changed our business. We started our Lagos store and tried Thank U Cash, our customers love it, we love it and it’s always rewarding. We have seen growth in the businesses and customers keeps coming back to earn and shop. I personally love it.
Amadi Lawrence, Customer of Thank U Cash
The use of Thank U Cash’s platform has also been lauded by companies as its reward system has proven to improve customer loyalty and increase sales. Temitope Orilua, General Manager, Sailors Lounge, categorically selected Thank U Cash as the best customer rewarding platform.
Definitely the best customer rewarding platform we have used at our outlet. It truly delivers on its promise and I will always recommend Thank U Cash to any online or offline merchant or store. You won’t find a better deal.
Temitope Orilua, General Manager, Sailors Lounge
For a young multi-merchant rewards platform, Connected Analytics (Thank U Cash) has made considerable success. With the flowing rewards, popularity is bound to spread. Particularly because in Nigeria, many have fallen into trap of money doubling scams like MMM and LOOM because of the promise of free money.
Maybe someday the Thank U Cash tweet that expressed hopes of instituting a reward based system for obeying traffic rules as a way to curb traffic could become a reality.
Who wouldn’t like to make money while spending it or simply obeying the rules?
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