meed Introduces New Pricing Model to Empower Independent Retailers: A New Era for Loyalty

At meed, we believe the current loyalty landscape is fragmented and inefficient. Consumers are overwhelmed by an ever-growing number of loyalty apps and forgotten logins, leading to a frustrating experience. Our research indicates that 64% of consumers feel overwhelmed by their loyalty programs, and 75% prefer not to install new apps for such programs. This fragmentation ultimately limits the effectiveness of loyalty initiatives for businesses.

This challenge is precisely what meed aims to solve. We've developed a groundbreaking loyalty platform designed to simplify customer engagement for both independent retailers and their customers.

Today, we are pleased to announce a significant update to our pricing structure, crafted to accelerate adoption and foster growth for independent retailers.

Key Features of the New Pricing Model for meed:

• Full Platform Access, No Upfront Cost: Retailers can now access the complete meed platform, including intuitive loyalty program creation, QR code-based enrolment, and an automated voucher system, entirely free of charge.

• Growth-Based Upgrade Path: The free access accommodates up to 50 consumer members. This allows businesses to fully experience meed's capabilities and build a solid base of loyal customers without immediate financial commitment.

• Proactive Upgrade Notifications: As a retailer's membership grows, meed provides automated email notifications at 25, 40, and 45 members. These prompts ensure businesses are informed and can manage their growth trajectory effectively.

• Seamless Transition to Paid Plans: Upgrading to a paid meed plan removes the 50-member limit, enabling unlimited member capacity and continuous growth for retailers.

• Simple Pricing: The new monthly price of US$59 includes a free second location. Additional locations can be added for US$39 each thereafter.

Why This Matters:

This strategic shift benefits both retailers and meed. For independent businesses, meed's new pricing eliminates upfront costs and risk, simplifying the transition from traditional loyalty methods like stamp cards. Retailers can directly observe the positive impact on customer engagement and revenue.

For meed, this new pricing model is designed to drive network effects and accelerate user acquisition. By removing barriers to entry, we aim to establish meed as a leading loyalty solution within the independent retail sector.

Our commitment is to empower independent retailers with enterprise-grade loyalty tools, fostering a thriving ecosystem where businesses and consumers both benefit.