Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
The Rewarder Mobile App will complement the online experience, allowing the community to create Rewards on-the-go or browse and submit to win Rewards during the many hours spent on the bus, in line or at the doctor’s office.
San Francisco, Calif. – April 25, 2013 – Rewarder, Inc., the first social marketplace to monetize knowledge and expertise, announced today that its users will now be able to connect to the platform from anywhere in the world with the Rewarder Mobile App.
Rewarder, which launched in October, connects individuals seeking unique knowledge and expertise with people eager to help in exchange for monetary Rewards. People can post Rewards for the ordinary to the extraordinary, with Rewards ranging from lost pets to hard-to-find collectibles to customized travel itineraries or fitness plans. Some of the more unique Rewards recently posted include:
- A $1,000 Reward to find a 2008 white Bentley.
- A $5 Reward for a marked-up manuscript from Jon Stewart
- A $100 Reward for help arranging a Skype chat with Emma Stone
The marketplace has been highly successful as passionate users share and receive personalized information, making it a win-win for both the person posting the Reward and the expert submitting to win the Reward. In the last six months, the community has grown almost five-fold, reaching nearly half a million members.
The Rewarder Mobile App will complement the online experience, allowing the community to create Rewards on-the-go or browse and submit to win Rewards during the many hours spent on the bus, in line or at the doctor’s office. Users can find Rewards that are good matches for their expertise and submit to win from their mobile device. Those creating Rewards can do so instantly by snapping a picture and adding commentary to complete their post. Users no longer need to make a mental note, return to their computer, and create a Reward.
“Rewarder’s immense popularity has proven that there was a distinct need for this kind of personalized and social marketplace, and we believe it will establish itself as the next evolution of ecommerce,” said Kendall Fargo, chief executive officer and founder of Rewarder. “As our users spend more time on a mobile devices and more time on-the-go, we felt that mobile functionality was the natural next step to expedite adoption and grow our robust network of people helping people.”
Both experts (those who submit to win Rewards) and Rewarders (those who create Rewards) benefit from the dual-sided marketplace. Experts put their knowledge to good use and get paid for it, and Rewarders save time by obtaining expert responses akin to those of a trusted, knowledgeable friend or acquaintance. In a short time, the online marketplace has generated significant traction. $14M in Rewards has been posted and hundreds of Rewards are won each week. The community is active with each Reward receiving an average of seven submissions.
“I’ve recently submitted and won several Rewards for questions surrounding fitness, dieting, physiology and anatomy, as I am currently training in a prestigious martial arts program and have an extensive background in parkour, sanbda, taichi and acrobatics. I love to learn and Rewarder gives me a way to share my knowledge with people who need it,” said James R, a member of Rewarder. “I have a very intense training schedule and I am never at home. The new Rewarder Mobile app will allow me the convenience of browsing new Rewards on my phone and seeing the status of Rewards I've submitted.”
For more information on how to sign up for Rewarder, create a Reward or win a Reward, go to www.rewarder.com. Download the new Rewarder Mobile App in the iTunes store here.
Rewarder is a social marketplace connecting those seeking unique knowledge and expertise with real people who can help in exchange for a monetary Reward. It connects questions with answers, naiveté with experience and mysteries with clues. Rewards range from knowledge-based Rewards – such as customized travel itineraries – to hard-to-find collectibles, like a rare car part or vintage children’s book. With a community of more than 450,000 active and passionate members, the Rewarder marketplace is home to more than $14 million in Rewards. For more information, visit www.rewarder.com.
Download the Mobile App: https://itunes.apple.com/us/app/rewarder-mobile/id620442707?ls=1&mt=8
Rewarder Mobile Video: www.rewarder.com
Rewarder Website: www.rewarder.com
Rewarder on Facebook: www.facebook.com/rewarder
Rewarder on Twitter: www.twitter.com/rewarder