Yompl, A Us-Based Saas Platform, To Acquire Masterstyle, A 1M+ Clients Europe Based Online Marketplace

Company

About

Yompl is a software as a service marketing platform and online marketplace for local businesses. The company provides automated tools that power an innovative approach to referral incentives structures offered by businesses to clients and the public. In this approach, businesses can reward their customers for their proven referral efforts, rather than for the results of the referral. For people who refer businesses to someone they know or to their followers on social media, this solution eliminates the negative public perception of the typical "Get $X Give $X" incentive structure, where referrers are often seen as trying to benefit from their friends or followers. In addition, it removes friction between a referrer and her reward, as the reward is given on the basis of proven effort rather than the results of the referral.