The CEO of Daapapp, an active Fintech and cashback platform, says that in 2023, the amount of cash back on Daapapp has exceeded almost 20 thousand dollors on average daily, and the conversion rate of users to customers on this platform is 27%, which is a three percent increase compared to 2022.
According to Iran digital economy annotation, Sajjad Shafizadeh, CEO of Daapapp, said at the fourth anniversary ceremony of this Group: Daapapp is a three-dimensional financial application that has started its activity since 2019 with cashback, which has added new features over time. We have also done some work in the field of wealth management and lendtech, but the most important program that we have pursued in recent years has been Toranj, through which we have pursued installment activities.
Regarding the number of Daapapp users and the amount of cashback last year, Shafizadeh said: We have seven and a half million users, two million of whom make at least one transaction through Daapapp every month. We are also focused on the development of artificial intelligence technologies, and with the help of these technologies, we have reduced the eight percent default rate at the beginning of our activity.
We are not affiliated with a supplier
Shafizadeh also said in relation to Daapapp’s financial resources: We are not dependent on a single supplier, and the crowdfunding mode of our installment resources is financed from several sources, and our adopters are also with us in this process.
Shafizadeh also explained about the income and stability of the company: unlike many startups that sometimes do not generate income for 10 years, we have now reached a point of stability and have been positive since 2023.
According to the CEO of Daapapp, the rate of loyal customers of Daapapp is 18%, and the conversion rate of users to customers in Daapapp is 27%, which has increased by three percent compared to 2022.
At the end of the event, some businesses expressed their experiences in relation to Daapapp and listed the money return experience as attractive for users.
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