Assertion Not checkable as stated
Corrente: Reel saw higher conversion after introducing a platform fee
“And we saw higher conversion when we started charging
A fee to use the platform, which was fascinating.”
Insight
Corrente: Goal-oriented savings is the necessary model for digital consumers
“Goal-oriented is the way to go when it comes to savings because it aligns with the reality of a digital world where we're consuming the lifestyle that we want 24 seven in our devices.”
Disclosure
Corrente: Reel is establishing direct retail partnerships for point-of-purchase savings
“And we are starting to do direct partnerships with retailers to be part of the point of purchase instead of putting something on a wish list and not taking action and to actually start saving for things as they are shopping.”
Assertion Not publicly verifiable
Daniela Corrente: Reel has raised close to $5 million
“No, we've raised close to five.”
Assertion Supported
Corrente: Millennials Held Fewer Credit Cards Than Prior Generations Post-2008
“It happened after 2008. You could see how millennials Had less credit cards than the previous generation, because they saw what their parents went through, right?”
Assertion Not checkable as stated
Corrente: Users reallocate savings between goals for over 20% of items
“In fact, over 20% of the items that people save for they transfer in between items because there is this element of gamification on your savings.”
Assertion Supported
Corrente: Reel aggregates inventory from thousands of stores via web scraping
“We also aggregate inventory from thousands of stores. So we serve as an aggregator where we, you know, scrape the web and present you with possibilities of items based on what you have liked before.”
Assertion Not checkable as stated
Corrente: Reel Landed First Investor Meeting at SXSW Using Squarespace Site
“I can put a Squarespace website and print business cards, and we can go and talk about this and see if people would like it. And that's how I got my first investor meeting.”
Disclosure
Corrente: Reel Targets Unnecessary Debt for Delayed Consumer Needs
“And we are highly focused on the debt that is unnecessary, right? Things that you might not need right away.”
Assertion Not checkable as stated
Corrente: A Lot of Reel's Users Are First-Time Mothers
“A lot of our users are first-time moms, and when you're a first-time mom, and you're going to need a stroller, you don't need it for another 10 months, nine months.”
Disclosure
Corrente: Reel monetizes via user deposit float and retail partnerships
“So we monetize obviously on the money that we're holding on behalf of the users.
Right.
And then we also monetize through partnerships with retailers because we're driving traffic towards their website, right?
We're driving conversion.
And so we get paid for t…”
Disclosure
Corrente: Reel launched feature allowing users to save for charities
“We just did that last week. People can save for charities that they want to, and that came out, honestly, from a partnership with some influencers where they asked us, hey, look, I want to share these with my following, but I want to make sure that we also hav…”
Assertion Not checkable as stated
Corrente: Reel's Transacted Savings Grew 24% Month-Over-Month in November 2020
“Like November was 24% higher than the previous month, right?”
