Fobi Ai Inc Stock Price, News & Analysis

Fobi AI Inc. (FOBIF) has successfully relaunched the Grocery Coupon Network (GCN), a key asset acquired from Qples, attracting over 14 million visitors since 2016. GCN presents brands with direct access to a substantial coupon-loving audience, supported by 231,164 newsletter subscribers and significant social media engagement. Fobi anticipates a robust increase in Average Revenue Per User (ARPU), projecting earnings of $3-5 per user initially, and potentially growing to $10-15 with further integration of GCN and Qples.

Fobi AI Inc. (FOBIF) has launched AltID, a digital ID verification solution designed for industries like hospitality and education, as well as regulated markets such as cannabis and alcohol. This innovative tool enhances credential management by allowing organizations to transition from analog to digital systems, ensuring secure verification without storing excess personal information. AltID integrates with Fobi's PassPro platform, enabling targeted promotions while mitigating fraud risks. The solution contributes to digital transformation trends, reducing carbon footprints and enhancing customer engagement.

FOBI AI Inc. (TSXV: FOBI, OTCQB: FOBIF) has launched the Fan Pass, a new fan engagement platform aimed at providing personalized experiences for athletes and their fans. Set to debut on March 7, 2022, in collaboration with Canadian golfer Adam Hadwin, the platform digitizes traditional engagement methods and boosts fan interaction through exclusive offers, access to content, and performance analytics. This innovative service is positioned to enhance Fobi's brand visibility and drive revenue through per-pass licensing fees.

Fobi AI Inc. (FOBIF) has announced a strategic partnership with Barnet Technologies Corp., aimed at delivering advanced digital loyalty programs, employee management, and age verification solutions to the liquor, cannabis, and grocery sectors. This collaboration leverages Barnet's extensive experience and customer base, integrating Fobi's enhanced Wallet pass platform for improved operational efficiency. The partnership highlights the increasing demand for digital transformation in retail, especially in regulated industries. CEO Rob Anson emphasized the mutual benefits and market alignment of the two companies.

Fobi AI Inc. (FOBIF) launched PassPro, a new Enterprise-grade SaaS platform enhancing its Passcreator Wallet. This innovative solution targets sectors like Retail, Sports, and Hospitality, promising new revenue streams through setup and licensing fees. PassPro improves customer engagement by integrating CRM tools directly into mobile wallets, enabling real-time promotions and exclusive content. The mobile wallet market is projected to reach $255 billion by 2025, positioning Fobi for significant growth in this expanding industry.

Fobi AI Inc. (FOBIF: OTCQB) announced a partnership with Abbot’s Butcher to implement digital coupons via Fobi’s Qples platform, effective January 17, 2022. This collaboration targets the growing plant-based health food market, projected to reach US$1.1 trillion by 2027. The deal positions Fobi as a leader in digital couponing, enhancing customer engagement and driving revenue through a per coupon model. Abbot's Butcher has expanded to over 800 retail locations, prioritizing customer experience through innovative solutions.

Fobi AI Inc. (FOBI: TSXV; FOBIF: OTCQB) has partnered with Square to integrate its platform with the Square App Marketplace. This collaboration allows Fobi to access Square's global seller base, enhancing customer acquisition and revenue opportunities. Key benefits include a unified dashboard for managing multiple retail outlets and improved data visualization for acquired companies. With a focus on real-time data analytics, this partnership aims to provide valuable insights to enhance customer engagement and drive profitability for businesses.

FOBI AI has announced its acquisition of Passworks, marking its fourth wallet pass acquisition within a year, aimed at consolidating its leadership in the global wallet pass market. The deal, valued at €400,000, will be paid in common shares, with potential additional shares worth €100,000 tied to revenue targets. This acquisition grants FOBI access to tier-one clients like Hugo Boss and increases its share in the expanding mobile wallet market projected to reach $7.6 trillion by 2027.

Fobi AI Inc. (FOBIF) has signed an annual auto-renewal license agreement with a major insurance provider, expanding its revenue model through annual and per-pass licensing fees. The Fobi Wallet pass platform will facilitate digital proof of insurance in five European countries for three of the top ten global insurance companies. Key reasons for selection include excellent customer service, enhanced functionality, and GDPR compliance. The global insurance market is projected to grow significantly, offering further expansion opportunities for Fobi's technology.