Paace is a mobile application that converts physical activity into redeemable points, incentivizing users to increase their movement while supporting local businesses. By partnering with various merchants, the app allows users to save money on everyday purchases, addressing the lack of motivation for regular exercise.
Funding
$400K 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
Many individuals lack the motivation to engage in regular physical activity, hindering their health and well-being. Traditional fitness incentives often fail to provide immediate, tangible rewards for everyday movement, especially in urban environments.
Solution
Paace is a mobile application that addresses this issue by converting users' steps into redeemable points, incentivizing increased physical activity through real-world rewards. By partnering with local businesses, Paace enables users to exchange their accumulated points for discounts on everyday purchases such as coffee, meals, and other goods. The app fosters a positive feedback loop, where users are motivated to walk more, discover local businesses, and save money simultaneously. Paace also incorporates social features like fitness leagues and walking challenges to enhance user engagement and promote consistent activity.
Target Audience
Paace primarily targets urban dwellers aged 20-45 who are looking for accessible ways to increase their daily physical activity and save money at local businesses.
Features
- Step tracking via integration with Apple Health and Android Activity Recognition
- Conversion of steps into Paace points
- Discovery of nearby partner businesses offering discounts
- Redemption of Paace points for in-store savings at participating merchants
- Fitness leagues for social competition and motivation
- Walking challenges with bonus point rewards
- Paace+ premium subscription for enhanced rewards and unlimited point storage