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.

So excited, we just hit 100k usd given out in cash rewards, N2billion (5.5million usd in transaction volume). And excited to have 14 new team members joining tomorrow 1st August. — Simeon Ononobi (@SimeonOnonobi) July 31, 2019

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.

Do you want to EARN INSTANT CASH or SAVE MONEY any time you shop?

*** Watch this short video ***

Download the mobile app here: https://t.co/4rh5wpT2PA

#ShareToFriends

#ThankUCash

#EarnMoney

#SaveMoney pic.twitter.com/mrQcl9svVj — Thank U Cash (@ThankUCash) November 13, 2018

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.

I cannot wait for the day a business will come up with an Idea to curb traffic in #Lagos and actually reward you to obey traffic rules…

A person can dream, anything is possible.

Imagine someone saying #ThankU for obeying traffic rules. pic.twitter.com/HtQxjsBXA4 — Thank U Cash (@ThankUCash) April 11, 2019

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?

If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us. SUBSCRIBE Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.

Comments