Recasher

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Harry Potter
Posts: 12
Joined: Fri Jan 06, 2017 3:09 pm

Recasher

Postby Harry Potter » Fri Feb 17, 2017 12:32 am

Another company with a ludicrously overcooked valuation, madness. 9.5million euros, please! Its cash back with very little point of difference that I can determine, against the many others floating around. Ive been a happy member of imutual.co.uk for the last 3 years, took over £2,000 in cash back over the past year or so - but even imutual doesn't have it right. The obvious evolution in this market is a simple piece of software downloaded by the user that allows them to forget about the cash back thing and instead just plod on with buying whatever they need to buy - the software allows the 'click through' to essentially have matched the account up with the retailer and cash back added automatically. I imagine the iPhone app Bink will end up doing something like this - they have already linked loyalty cards to your bank account so that whenever you spend money, all the loyalty points are added automatically and if you're not a member of the loyalty programme in a particular retailer, it joins for you. Anyway, back to Recasher, valuation is madness and the amount they are looking for isn't anywhere near enough to support the continued development and growth (they appear to have a fairly 'finished' project - but in technology, nothing is ever finished - continuing development is inevitable).

An easy avoid for me

ShawnBer
Posts: 2
Joined: Wed Jun 21, 2017 9:52 am

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ShawnBer
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