User:Smallbusguru/sandbox

Fanbank is the first commerce automation platform for Main Street. Fanbank instantly transforms the existing point-of-sale terminal used by a local business, the credit and debit cards in their customers’ wallets and the mobile devices in their pockets into the world’s most advanced offers platform for small businesses. Piloted in 2014 in Memphis, TN, and launched as a nationally available platform in 2017, Fanbank is led by experienced founder, Mitch Jacobs, and is backed by top-tier venture investment firms. Fanbank has offices in Santa Monica, CA and Memphis, TN.

History

Four-time entrepreneur, Mitch Jacobs, founded Fanbank in 2014 as a pilot program in Memphis, TN. The initial pilot was focused on a shop local program in coordination with hundreds of Memphis small businesses that offered local shoppers rewards, such as tickets to Memphis Grizzlies games, when they made purchases at member businesses. The rewards were tracked through proprietary card-linking technology.

Mitch Jacobs received seed investments from CrossCut Ventures, Greycroft, Greylock Partners, CampOne Ventures, Clocktower, Contour, First Round, Reciprocal Ventures and JAWS Ventures, to expand this pilot program into a national platform that launched in the fall of 2017. An additional post-seed investment into Fanbank led by Bullpen Capital, with additional investments from CrossCut, Contour, Reciprocal, JAWS, PLG and angel investors was made in July of 2018.

Website

www.fanbank.com

www.reviews.fanbank.com

Media

https://multichannelmerchant.com/ecommerce/fanbank-lets-stores-sell-items-on-facebook-through-credit-system/

https://apnews.com/Globe%20Newswire/406dcd2cec23d260ed6724bd9480f42b

https://www.finextra.com/pressarticle/77696/fanbank-integrates-mobile-plastic-cards-and-pos-for-full-commerce-automation

External Links

https://www.facebook.com/myfanbank

https://www.instagram.com/myfanbank/

https://twitter.com/myfanbank

https://www.linkedin.com/company/fanbank/

https://www.youtube.com/channel/UCCNiQoe61eB-IyyFEF-s4VA?view_as=subscriber