Consumers rarely exercise their rights for price warranties. This can be attributed to not tracking or monitoring prices, knowing how to proceed for refunds or feeling embarrassed in this process. As a result, consumers miss out on their right to claim price-match warranties, and retailers potentially lose out on loyalty from their customers.
Tjommi is an app that collects user’s receipts and automatically tracks and price-matches the products. The user can manually scan and upload their receipts or have it automatically uploaded from their email. The app registers the products in their database, and refunds are then given to the user if the price drops. Everything is done through automated communication with the store, and Tjommi takes a commission fee of 25% of the difference they are able to save the user.
KEY CUSTOMERS AND INTERNATIONAL PRESENCE
Presently, Tjommi has over 20.000 active users in Norway and Denmark, and has just launched in the UK. With E-commerce growing rapidly, Tjommi is now looking for global expansion, especially in Asia.
Tjommi has a strong executive team with proven startup winners, together with an advisory board with multiple executives from Revolut.
Unique selling point
Tjommi employs a unique technology to attain insights into the post purchase space, a potential which no competitor has leveraged fully.
Tjommi wants to strengthen its foothold in Asia and is looking for distribution partners, funding, R&D, and new talent and ideas in East Asia.
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