Gift Jeenie
Personalized Shopping Aggregator
Company Information
Gift Jeenie is a shopping marketplace and cash-back loyalty program powered by blockchain technology.
The mobile platform serves as a personalized shopping aggregator. Users can save all of their favorite items from multiple retailers in one place. The app is available for both iOS and Android systems.
With its platform, Gift Jeenie is targeting the growing U.S. online sales market, an industry projected to reach $523 billion by 2020.
Instead of having to use a separate loyalty program at each retailer, Gift Jeenie users can redeem loyalty points across all retailers on the app.
Users can create their own “wishlists” and save items from multiple retailers. Wishlists can then be shared with friends and family via social media channels.
Retailers benefit from joining Gift Jeenie thanks to its machine learning capabilities. Over time, the app learns a consumer’s shopping habits, and tailors deals that match the consumer’s interests. This helps businesses sell more merchandise and attract more customers.
By incorporating blockchain technology, Gift Jeenie will enable users to receive cash-back rewards on all of their purchases quickly and securely.
This is a growing trend in the retail industry — for example:
Japanese e-commerce company Rakuten, which has a market cap of more than $1 trillion, recently announced plans to convert its $9 billion loyalty rewards program into blockchain-powered rewards…
And according to Bonner and Partners, a financial publishing company, Amazon (NASDAQ: AMZN) could announce similar plans later this year.
Gift Jeenie has more than 1,700 monthly users, and has partnerships with more than 200 retailers, including Amazon, Nike, and Best Buy. The company earns between 4% and 12% commission from each purchase made through the platform.
Co-founder Gerard Maynard previously achieved a successful exit in the digital retail industry. He founded Alliance Technologies, a software company that focused on the retail sector and was acquired by Cvent in December 2015.