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This is a strong investor proposition, with a good early traction with beta product launch and also a management team with startup experience - both success and failure.
About
Summary Kout is a novel e-commerce platform where customers play a free lottery game for a chance to win their shopping basket, from 30 retailers including Amazon, Nike, Nintendo, Samsung. If they’re not lucky to win, they still get a time limited discount to redeem instantly, increasing retailer’s conversion rate to 4.5% as well as driving incremental revenues. As a premium package, brands can customise their games and integrate it with their own websites. Backed by Collider.io, #1 madtech accelerator in the UK, Kout completed its beta launch in June 2016 and is now turning over £20k per month in revenue.