Fobi Ai Inc Stock Price, News & Analysis

Fobi AI (FOBIF) announced a reseller partnership with ShopperBridge, enhancing its coupon platform, Qples by Fobi. This alliance aims to generate new revenue streams by allowing ShopperBridge to resell Qples to major North American brands and retailers, including Colgate, Dove, Kroger, and Walmart. The partnership integrates mobile coupon solutions with in-store advertising, targeting top CPG brands while driving foot traffic to retail locations. Both Fobi and ShopperBridge expect this collaboration to enhance customer engagement and deliver improved return on investment.

Fobi AI Inc. (FOBIF: TSXV) announced a 3-year exclusive data license with Barnet Technologies, enhancing access to point of sale data in the Canadian beverage alcohol and cannabis sectors. This partnership aims to generate revenue through quarterly and annual data licenses via the Fobi Data Exchange (FDX). Barnet holds over 50% market share in BC POS systems, and the collaboration will provide real-time shopping data, aiding customer segmentation and marketing strategies. Fobi plans to expand this model across other Canadian provinces by year-end 2022.

Fobi AI Inc. (FOBIF: TSXV), a leader in real-time data analytics, announced on July 20, 2022, the launch of its new digital marketing agency and a platform as a service (PaaS) model. This initiative aims to provide managed services for wallet pass solutions and coupon marketing, enhancing operational efficiency for businesses facing labor shortages. The CEO highlighted that this marks a crucial milestone, driven by strategic acquisitions and a revamped tech stack, enabling cost-effective service delivery and revenue growth.

Fobi AI Inc. (FOBI: TSXV FOBIF: OTCQB) has signed its first agreement with Eggs Canna, a leading cannabis retailer in British Columbia, to launch digital loyalty and membership cards. This partnership aims to enhance customer engagement and retention while ensuring compliance with local regulations in the cannabis industry. Fobi will earn revenue through an initial setup fee and ongoing per-pass license fees. Eggs Canna, established in 2014, is recognized for its innovative approach, and the collaboration will leverage data-driven marketing strategies to improve customer experience.

Fobi AI Inc. (FOBIF) announced a successful collaboration with Janam Technologies at the Oscars, showcasing its CheckPoint digital ticketing solution. This case study, available for download, highlights how Fobi's technology streamlined ticketing and venue access during the prestigious event. The solution facilitated contactless entry, allowing guests to self-scan digital passes, enhancing safety and efficiency. A joint webinar to discuss these insights will be held on July 28, 2022. Fobi aims to transform traditional ticketing systems, promising improved user experiences for venue operators.

FOBI AI Inc. (TSXV: FOBI, OTCQB: FOBIF) has signed an annual license agreement with Minubia, a leading digital proof of insurance provider in the Caribbean. This partnership aims to extend their integrated digital insurance and claims management solution from Curacao to the entire Caribbean and parts of Latin America. The collaboration, utilizing Fobi's Passcreator platform, enhances claims processing by connecting insurance records with local police and judicial systems, yielding operational efficiencies and environmental benefits.

Fobi AI Inc. (FOBI: TSXV FOBIF: OTCQB) has expanded its partnership with Barnet Technologies to launch the Bevy Pass, a digital loyalty membership program designed for over 500 liquor retail and hospitality clients. The initiative streamlines customer engagement through a mobile wallet solution, enhancing user experience with a QR code scanning feature, which increases security by minimizing the need for personal information sharing. Fobi will earn revenue through setup fees and a monthly SaaS model. The partnership aligns with the growing adoption of mobile wallet technology, projected to reach 4.4 billion users by 2025.

Fobi AI Inc. (FOBI: TSXV FOBIF: OTCQB) has partnered with Yotpo to launch a digital wallet loyalty solution aimed at Yotpo's 300,000 customer accounts. This initiative targets Shopify retail and e-commerce customers initially, with plans to expand to other platforms. Fobi will generate revenue through initial setup fees and monthly licensing fees. This partnership enhances customer engagement and simplifies the loyalty points management process through a QR code system, improving the shopping experience both online and in-store. The loyalty management market is projected to grow significantly, creating further opportunities for both companies.

On June 14, 2022, Fobi AI Inc. (TSXV: FOBI, OTCQB: FOBIF) reported significant growth in customer numbers and revenue for its Passcreator platform. The number of paying customers surged by 43%, from 119 in Q1 2021 to 170 in Q1 2022, while revenue increased by 48%. Passcreator is now servicing four of the top ten global insurance companies, issuing tens of millions of Insurance Passes. Additionally, the company has successfully integrated digital couponing and completed key loyalty integrations, enhancing its service offerings across various sectors.