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Snipp Interactive Inc. ("Snipp" or the "Company") (TSX-V:SPN)(OTC PINK:SNIPF), a global leader in innovative loyalty and promotional solutions, is thrilled to announce its first major sale for SnippMEDIA, the Company's Financial Media Network (SnippFMN). The agreement, valued at up to $1.2MM, is with a leading global food and beverage company. The signing marks a significant milestone for SnippMEDIA as it continues to transform consumer engagement in the financial media sector and establish its own proprietary user base.
This announcement builds upon Snipp's expanding relationships with industry leaders, including Triple and Bank of America. The SnippFMN Platform has been live with Bank of America for six months, providing seamless integration into its customer engagement channels.
The SnippFMN platform provides a powerful, customized solution for delivering contextual and behaviorally targeted consumer promotions. By utilizing SnippFMN, clients can leverage digital assets such as web pages, mobile applications, and end-user communications (e.g., email and alerts) to present dynamic promotional offers. Through this innovative platform, consumers can effortlessly clip or select offers, redeem them using Snipp-generated barcodes, and enjoy seamless rewards at checkout.
These cornerstone partnerships underscore Snipp's ability to deliver scalable, AI-powered solutions that drive customer engagement and incremental sales. With the FMN Platform now reaching over 30 million monthly active users and achieving redemption rates of 5-10%, Snipp is well-positioned to attract new enterprise customers while continuing to expand its footprint within the financial services sector.
Tom Burgess, President of Snipp Interactive, commented, "This first major win for SnippMEDIA represents a pivotal moment for our Company. It showcases the transformative potential of our Financial Media Network to bridge the gap between targeted promotions and measurable consumer engagement. By delivering tailored experiences through our platform, we are redefining the way brands interact with their audiences, and this landmark partnership is just the beginning."
The program associated with this agreement will feature 1,527 individual "Buy-Get" offers sponsored by the client, creating an unmatched opportunity to engage and reward consumers at scale. Each offer integrates seamlessly into the SnippFMN platform, allowing users to activate promotions and redeem rewards with ease.
This strategic collaboration underscores Snipp's commitment to innovation, operational excellence, and delivering value to its clients. With its first major success for SnippMEDIA, Snipp is well-positioned to continue driving growth in the loyalty and promotions marketplace.