About
Cinch is focused on creating vibrant communities where people have a sense of mutual purpose and belonging. The company aims to connect local businesses, consumers, and communities through its app, Cinch Mobile Wallet. Cinch Mobile Wallet encourages consumers to shop local by allowing them to save money and help their community at the same time. When consumers shop with Cinch, local businesses benefit from increased sales and loyalty. In turn, more money circulates within the community to support local schools, roads, emergency services, and more. In addition, Cinch gives back a portion of all local proceeds to local causes, ensuring that money spent with Cinch directly benefits the users community.
Funding history · 1 round · $1.4M total
Company Intelligence Q&A
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- What is the primary focus of Cinch?
- Cinch focuses on creating vibrant communities by connecting local businesses, consumers, and communities through its Cinch Mobile Wallet app.
- When was Cinch founded?
- Cinch was founded in January 2015.
- What is the operational status of Cinch?
- Cinch is currently inactive, having ceased operations in February 2019.
- How much funding has Cinch raised in total?
- Cinch has raised a total of $1,400,000 USD.
- Which investors participated in Cinch's Seed round?
- In October 2015, Cinch secured Seed funding from investors including lool ventures and iAngels.
- Where is Cinch headquartered?
- Cinch is headquartered in Tel Aviv-Yafo, Israel.
- What was Cinch's former name?
- Cinch was formerly known as Credithood.
- How many employees did Cinch have?
- Cinch had 19 employees.
- What is an example of a community initiative Cinch supported?
- In January 2018, a Cinch contest winner donated $1,200 to the Rockville Centre Breast Cancer Coalition.