Wishpond Technologies Ltd., a provider of marketing-focused online business solutions, is pleased to announce the launch of a new rewards distribution program through its Viral Loops product platform. The new program launches with successful integrations with the Stripe App Marketplace, Tremendous, and Sendoso allowing Viral Loops customers to use their referral rewards on any of these platforms to increase average order value (“AOV“) and customer lifetime value (“LTV“). The program is expected to drive increased customer engagement and strengthen Wishpond’s overall market position and capabilities in the referral marketing space.
Ali Tajskandar, CEO of Wishpond, commented: “We are thrilled to announce the launch of our new rewards distribution program, made possible through successful integrations with Stripe, Tremendous, and Sendoso. These platform integrations represent a major milestone for Viral Loops, improving customer engagement and driving new growth for customers using the platform. One of our goals at Wishpond is to continuously enhance our offerings and the value we provide to our clients. We believe that these platform integrations will help us accomplish the aforementioned goal by significantly improving our referral marketing capabilities, providing Viral Loops customers with more diverse rewarding options for their marketing campaigns. We are proud to demonstrate Wishpond’s commitment to innovation and showcase our efforts in helping businesses grow organically through effective referral programs.”
Stripe App Marketplace is a curated platform offering a variety of third-party applications that integrate with Stripe’s payment processing system, helping businesses manage payments and enhance their operations. In the view of management of the Company, the integration of Viral Loops with Stripe opens new avenues for our SaaS clients by allowing them to offer Stripe credits or coupons as referral rewards and by setting the stage for a comprehensive affiliate program in the future.
Tremendous is a platform that aims to allow organizations to pay people worldwide, offering a range of payment options from a global catalog, including prepaid credit cards, gift cards, and charity donations. significantly enhancing referral reward options. In the view of management of the Company, the integration with Tremendous allows Viral Loops to provide these versatile referral rewards, addressing a demand from customers for diverse compensation methods. Consequently, the Company is of the opinion that Viral Loops’ customers will be able to elevate their referral programs and improve customer engagement.
Sendoso is a gifting automation platform that aims to allow businesses to engage with prospects, customers, and employees through personalized, physical and digital gifts, and direct mail. By automating the sending process, Sendoso streamlines the logistics of gifting, making it easier for companies to foster customer relationships. Integrating platforms with Sendoso will allow customers of Viral Loops to seamlessly reward referrers with customized gifts or incentives. In the view of management of the Company, this not only enhances the user experience but also encourages more referrals by making the reward process smooth and personalized.
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