back Back

Prizeout and Tandem partner to reward couples on splitting expenses

By Gloria Methri

May 05, 2023

  • Expense Sharing
  • FinTech
  • Money Sharing App
Share

Tandem bank, UK, green digital bank, Top Up, savings account, instant access savings account, Money Sharing App, Digital Lending, Prizeout , UK, FinTechPrizeout Corp, the ad-tech company that turns financial balances into growth solutions, is helping couples split their expenses.

In partnership with the expense-sharing app Tandem, couples now can now make money on their end-of-month balances and convert them to additional purchasing power through more than 1,300 merchants and brands.

“Our value prop is truly helping consumers capitalize on their purchasing power. We are literally paying couples to split their expenses,” said David Metz, CEO and Founder of Prizeout. “At the end of the week or month, couples can now choose to ‘settle up’ via Prizeout, where they can see an average of 12% additional purchasing power on more than 1,300 relevant merchants that have been customized geo-targeted directly to them- and likely, brands they are already using.”

Tandem allows couples to split expenses with a swipe, and now with Prizeout, couples can use their end-of-month additional purchasing power and rewards to plan vacations, try new restaurants, and have other fun shared experiences.

“We are beyond thrilled to be partnering with Prizeout and offer our users additional purchasing power on their everyday spend or many trips together,” said Daniel Couvreur, Co-Founder of Tandem. “We built Tandem to create a better option for couples who share finances – a solution without friction, with transparency, and ultimately now, rewards.”

When couples go to their ledger to “settle up,” there will be a button to cash out through Prizeout. Upon clicking, the user will see a list of merchants customized just for them, with the offered additional purchasing power.

“My partner typically owes me a balance at the end of the month,” said Tandem customer Michael Metz. “With the Prizeout option, I love the ability to put the balance on a gift card and receive a bonus to shop at the brands we already use together! It feels like we are working together to increase our budget instead of just depositing the owed funds into my bank account.”

Previous Article

May 05, 2023

RS2 reveals new brand identity for Merchant Business in Germany

Read More
Next Article

May 05, 2023

Velmie adds card module to white-label embedded finance platform

Read More






IBSi Daily News Analysis

Payment, innovation

May 27, 2024

Expense Sharing

New tech boosts European payments with 40% conversion rate increase

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Stripe launches new payments and financing tools in the UK

Read More

Today

4 Payroll Management firms simplifying SME operations in Europe

Read More

Today

FinTech Opus launches Paysemble to streamline operations for FIs

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023