Henry Social

About Henry Social

Henry Social offers a blockchain-based cash-back platform that allows users to earn up to 50% crypto-back on online purchases, converting retailer payments into stablecoins that yield over 10% APY through vetted yield protocols. This solution addresses the need for consumers to maximize their shopping rewards while providing brands with increased revenue through customer engagement.

```xml <problem> Consumers often miss out on potential savings when shopping online, and traditional cashback programs offer limited returns. Furthermore, managing and maximizing rewards across multiple platforms can be cumbersome and inefficient. </problem> <solution> Henry Social provides a platform that allows users to earn crypto-back rewards on online purchases. By using a browser extension or web app, users automatically receive cashback at participating stores. Henry Social converts retailer payments into stablecoins and deposits them into yield protocols, allowing users to earn yield on their cashback rewards. Users can withdraw their earnings to a stablecoin wallet, debit card, or bank account. </solution> <features> - Browser extension and web app integration for automatic cashback activation at over 3,500 stores. - Conversion of cashback rewards into stablecoins for yield generation. - Integration with vetted yield protocols to provide users with APY on their cashback earnings. - Referral program that allows users to earn additional rewards by referring friends. - Cashback stacking with exclusive promotions for increased savings. - Earnings calculator to project potential future balance based on shopping habits and APY. - Multiple withdrawal options, including stablecoin wallets, debit cards, and bank accounts. </features> <target_audience> Henry Social targets online shoppers looking to maximize their rewards and earn yield on their purchases, as well as individuals interested in cryptocurrency and decentralized finance. </target_audience> <revenue_model> Henry Social generates revenue by receiving payments from retailers for sending them shoppers and by taking a percentage of the yield generated from the stablecoins. </revenue_model> ```

What does Henry Social do?

Henry Social offers a blockchain-based cash-back platform that allows users to earn up to 50% crypto-back on online purchases, converting retailer payments into stablecoins that yield over 10% APY through vetted yield protocols. This solution addresses the need for consumers to maximize their shopping rewards while providing brands with increased revenue through customer engagement.

Where is Henry Social located?

Henry Social is based in New York City, United States.

When was Henry Social founded?

Henry Social was founded in 2024.

Who founded Henry Social?

Henry Social was founded by Lawrence Lim.

  • Lawrence Lim - Co-Founder/CEO
Location
New York City, United States
Founded
2024
Employees
8 employees
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Henry Social

Score: 100/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

Henry Social offers a blockchain-based cash-back platform that allows users to earn up to 50% crypto-back on online purchases, converting retailer payments into stablecoins that yield over 10% APY through vetted yield protocols. This solution addresses the need for consumers to maximize their shopping rewards while providing brands with increased revenue through customer engagement.

henry.social7K+
Founded 2024 – New York City, United States

Funding

No funding information available. Click "Fetch funding" to run a targeted funding scan.

Team (5+)

Lawrence Lim

Co-Founder/CEO

Company Description

Problem

Consumers often miss out on potential savings when shopping online, and traditional cashback programs offer limited returns. Furthermore, managing and maximizing rewards across multiple platforms can be cumbersome and inefficient.

Solution

Henry Social provides a platform that allows users to earn crypto-back rewards on online purchases. By using a browser extension or web app, users automatically receive cashback at participating stores. Henry Social converts retailer payments into stablecoins and deposits them into yield protocols, allowing users to earn yield on their cashback rewards. Users can withdraw their earnings to a stablecoin wallet, debit card, or bank account.

Features

Browser extension and web app integration for automatic cashback activation at over 3,500 stores.

Conversion of cashback rewards into stablecoins for yield generation.

Integration with vetted yield protocols to provide users with APY on their cashback earnings.

Referral program that allows users to earn additional rewards by referring friends.

Cashback stacking with exclusive promotions for increased savings.

Earnings calculator to project potential future balance based on shopping habits and APY.

Multiple withdrawal options, including stablecoin wallets, debit cards, and bank accounts.

Target Audience

Henry Social targets online shoppers looking to maximize their rewards and earn yield on their purchases, as well as individuals interested in cryptocurrency and decentralized finance.

Revenue Model

Henry Social generates revenue by receiving payments from retailers for sending them shoppers and by taking a percentage of the yield generated from the stablecoins.