Cinch Technologies

Company profile

Cinch Technologies company profile

Cinch is a payment app that converts customer loyalty into cash. Its mission is to help local neighborhoods thrive through local commerce. With AI-powered platform, Cinch leverages dynamic pricing and transaction data to enable businesses to change prices in real-time. Exposing these changes to a targeted local audience has proven to increase sales and reduce slow times. The company's application provides online funding services where retailers can raise funds from its repeat customer base in return for a discount on goods and services purchased during the term of the loan. Consumers use Cinch wallet to pay in the neighborhood and enjoy personalized savings. It has created a network effect that benefits both businesses and consumers. Founded in 2017, Cinch Technologies is headquartered in New York.