International Business & Economy Local start-up gives out money for social media shares

Local start-up gives out money for social media shares

Author

Date

Category

- Advertisement -

Some things are definitely free in this world, such as money. A local startup, RateX, gave out money to those who took a photo and shared it on Instagram with their hashtag #TakeAdvantageOfUs.

On January 23, RateX had a booth for the College of Science Day and NBS Retro Fiesta 2019 at Nanyang Technological University (NTU).

Contributed Photo

To really prove that there was indeed an advantage of using RateX when shopping online, the startup gave out money directly this time. With a mascot with money plastered all over his body, NTU students had to take an Insta-story with the hashtag #TakeAdvantageOfUs that featured the mascot, and tag the start-up’s official Instagram account (@ratex.sg). Only then were they paid SGD2.

- Advertisement -

Unexpectedly, the response of NTU students was overwhelming. They did not miss the chance of taking and sharing the story, and being $2 richer for that day.

Contributed Photo

One of the students who participated in the #TakeAdvantageOfUs campaign,  Almeric Tang, said that the publicity stunt of RateX was “pretty interesting since it helps you to save money anyway so you should take advantage of them.”

With the fun it brought during the event, Tang wanted the campaign to go viral and for RateX to “do more publicity stunts and give more money in the future.”

RateX is a free browser extension that automatically provides shoppers with the lowest exchange rate at no transaction fee for overseas purchases through e-commerce platforms.

Developed by the Singapore start-up Rate, it is considered as a smart shopping assistant where online consumers pay less both local and international online shops. These include Amazon, Agoda, Expedia, Lazada, Shopee, Klook, Kkday, Colorpop and 100 more merchants.

Photo: Screengrab from YouTube

Another way of saving money through RateX is their cashback scheme, earning back the dollars that you have spent through their Clovers which you can redeem for cash, cryptocurrencies, gift cards, or even miles.

Jake Goh, CEO and Co-founder of Rate, said “Our users can now save up to twenty percent on their purchases from their favourite websites. We are achieving this while bringing affiliate sales to our merchant partners; a win-win situation for all. By doing this, we hope to enhance global cross-border commerce while helping Asian consumers get a great deal.”

 

 

 Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

MOH asks hospitals to delay non-urgent surgeries to conserve resources for Covid patients

Singapore— With Covid-19 cases rising, the Ministry of Health (MOH) asked hospitals on Monday (May 3) to delay non-urgent surgeries and give priority to the treatment of Covid patients. In a statement, MOH said it is "working closely with all public and...

5 KTPH staff disciplined for ‘error’ that led to unnecessary treatment of breast cancer patients 

Singapore—Five staff members of Khoo Teck Puat Hospital (KTPH) have been disciplined for a laboratory incident that led to inaccurate test results and unnecessary treatment for some breast cancer patients. The staff members were disciplined for "not adequately performing their duties and...

MOH confirms 17 new Covid-19 cases, five linked to Tan Tock Seng Hospital cluster

Singapore -- The Ministry of Health (MOH) has preliminarily confirmed five new cases of locally transmitted Covid-19 infection that are linked to the cluster at Tan Tock Seng Hospital (TTSH). Tuesday (May 4) also saw another 12 imported cases. It is the ninth...
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

Theindependent