Daniela Corrente, co-founder and CEO of automated savings platform Reel, describes how user savings accelerated during the pandemic.
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“Like November was 24% higher than the previous month, right?”
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More from Daniela Corrente
AssertionNot 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.”
Daniela CorrenteDec 17, 2020▶ 12:17How I Built Resilience: Daniela Corrente of Reel
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.”
Daniela CorrenteDec 17, 2020▶ 19:24How I Built Resilience: Daniela Corrente of Reel
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.”
Daniela CorrenteDec 17, 2020▶ 2:39How I Built Resilience: Daniela Corrente of Reel
AssertionNot publicly verifiable
Daniela Corrente: Reel has raised close to $5 million
“No, we've raised close to five.”
Daniela CorrenteDec 17, 2020▶ 7:24How I Built Resilience: Daniela Corrente of Reel
AssertionSupported
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?”
Daniela CorrenteDec 17, 2020▶ 14:40How I Built Resilience: Daniela Corrente of Reel
AssertionNot 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.”
Daniela CorrenteDec 17, 2020▶ 21:32How I Built Resilience: Daniela Corrente of Reel
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