Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc said Passcreator has seen continued success and momentum, with the number of customers using the platform increasing by 43% in the first quarter of this year compared to the same quarter in 2021.
The company said Passcreator customers grew from 119 in 1Q of 2021 to 170 in the same quarter this year, while revenue grew 48%.
Passcreator’s Insurance Pass product offering continues to gain market share, with the company onboarding an additional three key global insurance companies during 1Q.
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Fobi said Passcreator has also completed its integration with the Qples by Fobi coupon platform, making digital couponing through the mobile wallet a reality.
In addition, events and digital ticketing are driving new line revenue with the successful deployment of the platform at several European events.
Fobi CEO Rob Anson said with its diverse applications and value creation, Passcreator is rapidly becoming a key standalone platform for leading enterprise and insurance customers.
“[Passcreator] is a key strategic piece of the Fobi retail ecosystem that we are building by connecting Passcreator with the new 8112 mobile standard coupons from Qples by Fobi,” Anson said.
“As the world is becoming digitally enabled and focused, our tech stack and our various product offerings could not be better positioned and relevant for today’s environment and (are) set for continued success and rapid growth.”
Fobi AI is a cutting-edge data intelligence company that helps its clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits
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