The App to Help You Save w/ Michael Silverman (CEO Flipp)
In this episode, Shamus Madan interviews Michael Silverman, CEO of Flip. They discuss Silverman's responsibilities, Flip's business model, and its contribution to personal finance management. They also explore potential sectors for Flip's future expansion, the impact of COVID-19 on the business, and the issue of market information asymmetry.
Key Points
- Michael Silverman, CEO of Flip, describes Flip as a B2B2C company that connects shoppers with local savings and deals from retailers and CPG companies to help them save an average of $45 per week.
- Flip experienced growth during the COVID-19 pandemic as the need for savings increased, proving the business to be resilient and necessary in times of economic uncertainty.
- While Flip is currently focused on mastering their core offerings in savings and deal distribution, they see potential future opportunities in expanding into the fintech sector, particularly around rewards and helping consumers save money.
In this episode, Michael Silverman the CEO of Flipp joins us to discuss Flipp and its mission in a digital age
Flipp: https://flipp.com/home
Disclaimer: The MBIT podcast is reflecting the opinion of only the host. The podcast is for informational purposes only. The podcast is not a research report and is not a recommendation to purchase or sell any stocks, holdings or securities. The podcast is also not meant to serve as the basis of any investment decision
Chapters
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| 16:01 |
Transcript
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