Mode Mobile provides the EarnPhone, a smartphone pre-loaded with EarnOS software, allowing users to earn rewards for everyday device activities like gaming, browsing, and shopping. This platform redistributes the value generated by user engagement back to the user base.
Funding
$40M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Consumers spend a significant portion of their time on smartphones, generating value through engagement and data, yet they receive little to no direct compensation for this activity. This creates an imbalance where technology companies profit from user attention without a reciprocal benefit to the user.
Solution
Mode Mobile offers the EarnPhone, a smartphone integrated with its proprietary EarnOS software, designed to reward users for their device engagement. Users can accrue earnings through various activities such as listening to music, playing games, fitness tracking, shopping, and browsing the web. The platform also strategically acquires successful Android applications to enhance its ecosystem and user value proposition. This approach aims to redistribute wealth generated by user activity back to the user base.
Target Audience
The primary target audience includes individual smartphone users seeking to monetize their device usage and app developers with established Android applications looking for acquisition opportunities.
Features
- EarnOS: Proprietary software enabling users to earn rewards for common smartphone activities.
- EarnPhone: A dedicated smartphone device pre-loaded with EarnOS.
- Reward Activities: Includes earning opportunities from music playback, gaming, fitness tracking, charging, shopping, web browsing, news consumption, task completion, and video viewing.
- App Acquisition Strategy: Mode Mobile acquires profitable Android applications with strong user metrics and over $1 million in revenue to integrate into its ecosystem.
- User Earnings: Users can earn up to $1200 annually through engagement with the EarnPhone and EarnOS.