Scan App Shark Tank UpdateFebruary 20, 2022
Scan App Shark Tank Update. Episode season 5 episode 504; 1) d’ontra hughes is the creator of spare.
A few months ago, garrett gee, founder of scan, got a call to come on shark tank and pitch his startup to the founders. Coinout, the smart receipts app that lets you scan receipts for cash back, was pitched on season 9 of shark tank. Thanks so much for reading!
This Relatively New And Innovative App Blew Up After Its Appearance On The Shark Tank Show On February 201.
2) his idea turned into the mobile atm app which allows. Witten opted to propose his concept to shark tank investors in season 9 episode 23 of coinout on shark tank in order to help him increase his merchant list. If you’ve used coinout before, i’d love to hear what you think about the app.
Gee Made His Pitch To The Sharks Wearing A.
Jeffrey witten’s coinout went on the show and eventually secured a $250,000 dollar deal with a 15% equity stake with robert herjavec. He has an extensive background in fintech (financial technology), making him an expert to create this product. After launching the app in january of 2011 on ios, he’d already exceeded one million downloads by may of the same year, hitting 10 million by march of 2012.
Coinout, The Smart Receipts App That Lets You Scan Receipts For Cash Back, Was Pitched On Season 9 Of Shark Tank.
The company, owned and operated by scan, inc, was acquired by snapchat in 2014 for $54 million. This equates to a $20 million valuation. Cerebral success (season 5, 2014):
Garett Then Decided To Enter Shark Tank In 2013 To Pitch For Further Investment And Shine A Spotlight On The App In Front Of A Global Audience.
Despite not getting an investment and the sharks concerns, scan continued to grow after shark tank. Postcard on the run is another app featured on the show where you can take any picture from your smartphone, have it made into a postcard and sent anywhere in the world. Garrett gee introduces the sharks to scan, his qr code app, in episode 507.
What Happened To Coinout At Shark Tank Pitch?
Thanks so much for reading! 1) d’ontra hughes is the creator of spare. He explains how it works before taking questions from the sharks.