Aimed to support local food businesses, this crowdfunding platform allows people to prepay for food. Credibles allows customers to buy prepaid food credits and invest in their own community.
The credits -- also called credibles -- are a part of a prepaid tab customers can use in stores. This also allows small local businesses to receive financing from loyal customers in their community instead of turning to big financial institutions, which is where the crowdfunding element comes in. Businesses can also offer special deals and incentives to customers (or investors) like free gifts or discounts.
To prepay for food, users sign up on Facebook and purchase things through Paypal. A free app helps them monitor credits and redeem them. Custom gift cards are also an option.
Crowdfunded Local Food Platforms
Credibles Lets You Prepay for Food and Invest in Your Community
Trend Themes
1. Crowdfunded Local Food - Opportunity for financial support of local food businesses and investment in the community through prepaying for food.
2. Prepaid Credit Platforms - Disruptive innovation opportunity for businesses to receive financing from loyal customers in their own community through prepaid credits.
3. Mobile Monitoring Apps - Development opportunity for mobile apps that enable customers to monitor and redeem their prepaid credits with local food businesses.
Industry Implications
1. Food Service Industry - Opportunity for small local businesses in the food service industry to receive financing from their community using crowdfunding and prepaid credits.
2. Mobile Payment Industry - Disruptive innovation opportunity for mobile payment apps or platforms to expand services to prepaid credits and investments in local food businesses.
3. Gift Card Industry - Development opportunity for gift card companies to incorporate prepaid food credits that support local food businesses and enhance community investment.