Back to Mobile View
Subscribe to the CrunchBase Daily for the latest on Fundings, Acquisitions, and Startup Events

General Information

Offices

New York, USA
10 East 33rd Street, 6th Floor
New York, NY, 10016
USA

People

Advisor

Funding

TOTAL $925k
FUNDING TOTAL $925k
Seed, 1/2012
Entrepreneurs Roundtable Accelerator
$25k
Seed, 8/2012
Actinic Ventures
Payment Ventures
$900k
DEBT TOTAL $100k
Debt, 3/2013
$100k

Competitors

Tags

LocalBonus

About Us

LocalBonus allows consumers to use their existing credit & debit cards to automatically earn cash back rewards at local businesses. Consumers connect their existing cards to LocalBonus once, and automatically earn points towards cash back rewards with every purchase at over 1,000 different merchants. Participating merchants get an easy way to attract and retain customers without having to offer deals or discounts, no POS integration, and no employee training. They are headquartered in New York City, with merchants in Denver, New York City, Portland, Sacramento, and Seattle. For more information on LocalBonus, contact [email protected] or visit www.LocalBonus.com.

How It Works: Sign up on the LocalBonus site and connect your existing credit or debit cards to your account and start shopping at LocalBonus merchants. Points earned from shopping are automatically added to your account whenever you spend money at a LocalBonus merchant. LocalBonus is free to use. Rewards start at 4,000 points ($10 LocalBonus Cash) but the more you save, the more valuable your points become.

Members can also earn bonus points through Facebook and Twitter promotions, as well as through the LocalBonus WolfPack. If 5 or more LocalBonus members shop at a merchant on any given day, members will earn double points at that merchant.

As of April 2012:

5 cities - NYC, Denver, Portland, Sacramento, Seattle 1,000+ merchants

Recent Milestones

  • Check
    LocalBonus — Thank you for being a supporter of LocalBonus. We're proud to have helped local businesses and to have rewarded those who shopped locally. As of May 17, 2013, LocalBonus has been discontinued. If you have any questions, please email us at support@localb (5/17/13)
    Posted 10/1/13 at 11:26pm via localbonus.com
  • Dollar
    LocalBonus received $100k in Debt funding. (3/11/13)
    Posted 6/13/13 at 4:39am via sec.gov
  • Dollar
    LocalBonus received $900k in Seed funding. (8/2/12)
    Posted 8/2/12 at 7:47pm via techcrunch.com
  • Dollar
    LocalBonus received $25k in Seed funding. (1/9/12)
    Posted 11/13/12 at 2:31pm via eranyc.com
  • Check
    LocalBonus added Tim Saunders as Co-Founder and CTO. (8/1/11)
    Posted 10/3/11 at 6:34am
  • Check
    LocalBonus added Derek Webster as Founder and CEO. (10/1/10)
    Posted 3/23/11 at 6:32pm
  • Check
    LocalBonus added David Levy as Advisor.
    Posted 7/16/13 at 7:08am

Videos

Screenshots

LocalBonus screenshot
Above: LocalBonus Screenshot -- #1
Uploaded: 5/18/12

Sources

  1. ER Accelerator Announces Participants in its Winter 2012 Program (eranyc.com) [edit]
  2. LocalBonus Raises $900,000 To Provide A Universal Loyalty Program For Anyone With A Credit Card (techcrunch.com) [edit]
  3. SEC (sec.gov) [edit]
  4. Thank you for being a supporter of LocalBonus (localbonus.com) [edit]
Edit This Page
Last Edited 2/17/14

Revision History RSS Picture

Sharing

Share this page on Twitter or Facebook:
Or copy this code to embed a widget: customize ยป

TechCrunch Posts TechCrunch Logo Small Picture

External Links

CrunchBase API

Sponsors



Become a Sponsor
Terms of Service | Privacy Policy | Licensing Policy