Overview

Thanx offers customer engagement and loyalty solutions for restaurants and retailers through its CRM platform. The platform collects data from customer interactions, allowing businesses to create detailed profiles and run personalized marketing campaigns easily. Thanx differentiates itself by focusing on enhancing customer experiences with tailored rewards and AI-driven technology. The goal is to help businesses build long-term relationships with customers to increase retention and revenue.

Simplify's Take

What believers are saying

• Growing demand for AI-driven personalization boosts Thanx's market potential.
• Partnerships with Qu and Bite enhance guest engagement strategies.
• Stored value features encourage repeat purchases and customer loyalty.

What critics are saying

• Emerging CRM platforms offer similar features at lower costs.
• Consumer privacy concerns may limit data-driven personalization effectiveness.
• Economic downturns could reduce spending on CRM and loyalty solutions.

What makes Thanx unique

• Thanx integrates with credit card networks for accurate purchase data.
• The platform offers AI-driven personalized marketing and loyalty solutions.
• Thanx provides infinitely customizable branded apps for businesses.

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Funding

Total Funding

$22.5M

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:

BoxGroup

Notable Investors:

BoxGroup

$17,100,000

Series B

Dec 2016

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$17.1M

$30M

$45M

$65M

$100M

View all funding stages