LITT

Company profile

LITT company profile

What is LITT? LITT is an Australian born and bred community focused super app, that connects like- minded people, businesses and other key stakeholders in local communities. Once onboard, stakeholders can learn and earn from one another as well as share and support each other. We launched LITT because we believe in the power of positivity to grow every community. We believe all communities have good people who want to support one another and help their communities to thrive. However, we could not find a safe, positive, engaging and entertaining digital platform that delivered on this simple goal. And thus began our quest for launching LITT. LITT combines elements of social media, e-commerce and digital payments all rolled up into one seamless, safe and trusted experience. How Does LITT work? Our unique business model enables LITT members to earn digital cash as they watch ads put out by local businesses on their newsfeed (unlike other platforms, we share a part of our ad-revenue with members). This digital cash earned by members sits in their built-in LITT digital wallet – LITT Pay. LITT Cash can be spent at one of the local business on the LITT platform. We refer to this unique circular flow of money within the LITT platform (from businesses to members and then back to businesses), as the LITT circular economy. Why LITT matters? LITT is a membership driven platform that rewards users for their time and engagement. We think the world needs safer, more local focused community platforms to help people connect in positive ways. By bringing together and celebrating key community stakeholders on our Australian domiciled platform, we not only harness the power of positivity in local communities. We also ensure that each Australian business’ ad expenditure is reported and taxed on- shore. This incredibly important detail ensures that the Australian Federal Government stewards its annual tax, which can then be re-invested into further developing our communities.