CED Tech Venture profile (No. 40): RewardStock, helping you maximize your reward points

How do you keep track of all those customer reward points, from airline miles to credit card points?

Cary-based RewardStock may have the answer for you.

Says CEO Jonathan Hayes: “Rewards are poorly understood assets and, therefore, not well used by the majority of the traveling public. If you have reward points, we’ll show you the best ways to use them, and if you don’t, we show you ways to earn them quickly.”

The startup is among the presenting companies at CED Tech Venture 2016.

This is the 40th in a series of profiles featuring CED Tech Venture presenters published by WRAL TechWire in partnership with the CED.

The Q&A:

What is the focus of your business?

RewardStock helps users earn, manage, and use reward points (airline miles, hotel points, credit card rewards). Our algorithm generates customized plans that show users exactly how to save thousands of dollars on travel by using points in place of cash.

Rewards are poorly understood assets and, therefore, not well used by the majority of the traveling public. If you have reward points, we’ll show you the best ways to use them, and if you don’t, we show you ways to earn them quickly.

What is the top pain point/business application you are seeking to address?

Everyone wants to travel, but typically cost is a prohibitive factor. With a sound financial plan to earn and use points instead of cash, people can travel more often, travel to better destinations, and travel in a higher standard – like business or first class.

What makes it unique?

We have built an industry-first algorithm that analyzes over 1 million flight and hotel options and the points needed to fly the route or stay in the hotel. This allows anyone to quickly take advantage of the incredible potential that reward points offer to enrich our lives through travel experiences.

Why should investors be interested in your firm?

We have a business model that profits while providing a free service to users, which gives our app broad mass-market potential. We are a skilled team with key domain knowledge and technical and business experience that position us for success.

We’re also making a real positive impact with a service that enriches lives and capitalizes on a recent cultural shift in that these days, people want experiences more than things.

Business facts: