SAN MATEO, CA--(Marketwire - Sep 18, 2012) - FreeMonee, the world's first and only provider of consumer gift incentives, won a Bronze Stevie® Award in the Financial Services category for Best New Product or Service in The 10th Annual American Business Awards last night. This marks FreeMonee's second Stevie® Award this year -- the company was also named the winner of the People's Choice Stevie® Award for Favorite Financial Service last week.
The American Business Awards are the nation's premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations -- public and private, for-profit and non-profit, large and small.
"We are proud to be honored again by the American Business Awards as the recipient of the Bronze Stevie for best new product in financial services," said Gadi Maier, CEO, president and co-founder of FreeMonee. "At FreeMonee we believe a gift is always going to win. Whether it's to help retailers invest in the economic potential of their customers, financial institutions create customer-friendly revenue and top of wallet behavior, or simply give an irresistible gift to consumers, FreeMonee is creating a revolutionary 'win-win-win' opportunity for the economy."
More than 3,000 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Most Innovative Company of the Year, Management Team of the Year, Best New Product or Service of the Year, Corporate Social Responsibility Program of the Year, and Executive of the Year, among others.
FreeMonee is changing the economics of advertising with the world's first and only consumer gift incentive. FreeMonee promotes top of wallet loyalty by letting financial institutions give highly engaging experiences to customers, while giving the nation's largest retailers Customers On-Demand: the right customer at the right time, at scale.
Stevie Award winners were selected by more than 270 executives nationwide who participated in the judging process this year.
"We're delighted to recognize so many innovative companies, new products, technical achievements, and technology executives in the ABA's new product and tech awards categories," said Michael Gallagher, president and founder of the Stevie Awards. "It's gratifying and inspiring to have received so many remarkable entries for this year's competition. We look forward to staging this event in San Francisco for years to come."
Details about The American Business Awards and the lists of Stevie Award winners who were announced on September 17 are available at www.stevieawards.com/aba.
FreeMonee is changing the economics of advertising by enabling stores and restaurants to attract Customers On-Demand using FreeMonee Gifts. With its unique new consumer incentive, FreeMonee delivers gifts of money directly to cardholders of the largest financial institutions. Customized to precisely match consumer interest, gifts allow consumers to purchase anything they want at designated stores or restaurants -- no strings attached. The gifts are made possible by FreeMonee's proprietary Gift Underwriting Engine, which accurately determines the right gift to ensure the highest level of consumer interest and the best return on ad spend for a merchant. Unlike traditional coupons or offers, FreeMonee Gifts feel like a gift card from a friend -- money to spend at places consumers like. For retail marketers, FreeMonee Gifts enable brands to attract large volumes of profitable, incremental customer visits -- without discounting. For banks and credit card companies, FreeMonee provides the opportunity to positively engage customers and strengthen loyalty.
Founded in 2009 and located in San Mateo, California, FreeMonee is led by former executives of Google, Visa, Oracle, Cisco, Procter & Gamble and Coca-Cola. To date, FreeMonee has raised $45 million in funding with investments from Charles E. Ryan, Opus Capital Ventures, Redpoint Ventures and Sutter Hill Ventures, among others. Through continued partnerships with the top U.S. financial institutions, the company expects 50 million households to have access to FreeMonee Gifts in 2012. For more information, please visit www.freemonee.com.
About the Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.