Clavaa is a fintech platform that eliminates payment processing fees for SMBs by reinvesting those savings into a dynamic customer rewards system. This allows businesses to reduce costs, increase customer loyalty, and drive revenue through strategic payment solutions.
Funding
Funding not disclosed
Founders
Product
Problem
Small businesses face challenges in managing payment processing fees and building effective customer loyalty programs, often relying on separate, costly systems. Traditional loyalty programs using physical cards lack customer insights and direct marketing capabilities, hindering business growth.
Solution
Clavaa offers a unified platform that combines payment processing with a digital loyalty program, enabling small businesses to eliminate transaction fees and enhance customer retention. The platform provides a mobile payment app for customers to earn cashback rewards at participating local businesses. For businesses, Clavaa offers tools to customize rewards programs, create VIP tiers, and send smart notifications to encourage repeat visits. The system integrates with existing POS systems and provides analytics to track customer spending patterns and measure loyalty program performance.
Target Audience
Clavaa targets small to medium-sized businesses (SMBs) across various sectors, including restaurants, retail stores, grocery stores, beauty salons, gas stations, and service businesses, seeking to reduce payment processing costs and improve customer loyalty.
Features
- Contactless payments via a mobile app with integrated rewards
- Customizable loyalty programs with tiered rewards and spending thresholds
- Automated cashback rewards to drive repeat visits
- Marketing tools for targeted campaigns based on customer behavior
- Customer analytics dashboard to track spending patterns and loyalty program performance
- POS integration with existing systems like Toast, Square, and Clover
- Digital loyalty cards to replace traditional paper cards
- Secure digital wallet for customers to manage rewards