weeMAT.io is an operative group of twelve companies under the ownership of the Swiss Fintec Invest AG, based in Kreuzlingen, Switzerland. The wee Initial Token Offering (ITO) is conducted by the weeNexx AG, which is the issuer of the weeMarketplaceAccessToken (WMA). The group owns a pan-European online shopping, mobile payment and cashback programme, which is fully operative in Germany, Poland, Switzerland, the UK and Slovenia. From 2020, wee will go operational in France, Italy, Austria, the Czech Republic and Slovakia, for which Business Development is already preparing market entry. Further countries are to be added starting 2021.
The group has developed a well-known global shopping community under the brand name “wee”; this weeMAT.io combines renowned brands and local retailers on its online platform, the wee Marketplace. wee offers an innovative alternative to conventional loyalty programmes: registered users collect “wee” for any purchase made at any weePartner, which can then be redeemed for new purchases at any offline weePartner OR withdrawn in form of real cash via bank transfers.
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- System built on tokens set up on Ethereum network
- Solving issues of segmentation and inefficiencies
- Benefits our investors
Easy Transfer and Trading
- Highly liquid asset provides higher utility and demand
- Faster and more cost-efficient transactions
Loyalty and Cashback
The weeMAT.io owns a successful, fully operative loyalty and cashback business with a substantial business in 14 European countries. Further countries to be added starting 2021. For the handling of payments, weeGroup has entered into a strategic partnership with the fully licensed e-money institute Pintail AG, which will facilitate the Introduction of new products and functionalities in the future.
More than just being a cashback provider, an important part of the wee business model is the venture into mobile payment, which is a technology that is currently in its early stages but quickly gaining popularity worldwide through systems like Apple Pay, Google Pay and
Samsung Pay, offering consumers convenience and fast transactions.
The implementation of blockchain technology will bring the wee business model into the future and differentiate it from competing cashback programmes in the target markets by introducing new and important benefits to all involved parties.
Incentives and Benefits for Consumers
Consumers’ incentives for purchasing goods and services via a cashback programme are obvious: to generate savings or receive financial rewards for any purchase made. While the general idea is the same across different cashback programmes, benefits can vary in the
forms of cashback percentage, speed of transactions and redemption or pay-out opportunities.
While it is already possible for consumers to withdraw their cashback credit in cash, the process is currently handled through bank transfers, making it lengthy and inefficient with funds being stuck in banking processing times. Using current withdrawal methods, it can
therefore take up to ten days for customers to get their hands on funds.
The weeMobile Payment functionality will further benefit the entire weeMAT.io, and will differentiate it from existing, traditional cashback programmes. Using the weePayCoin (WPC) in the form of mobile payment will make wee competitive and attractive in the long-term and create additional incentives for consumers to become part of the weeCommunity. Because the WPC is a stable coin pegged to the Euro, wee users will be able to use their mobile payment application at all offline weePartners, but also at all POS where ERC20 wallets are available. In the near future, a combination of WPC and classic credit/debit card functionality will also be introduced to weeMobile Payment.
Since mid-March 2017, wee has been active in sports sponsorship as part of its media campaign. The company’s involvement in the field of sports, with the goal of creating awareness of the wee brand, is currently focused on ice hockey and boxing. At the moment, wee sponsors three ice hockey teams in Bavaria, Germany and one football team in Switzerland.
The weeMAT.io is dedicated to having a positive impact on people and sees it as its duty to give back to society. Therefore, it formed the charitable organisation weeCHARITY for kids e.V., which is registered in Munich, Germany on May 11, 2016, under the registry number VR 206592. The organisation helps sick children in need – worldwide. With the support of weeMembers, the weeGroup provides financial and material assistance for the care and support of ill children, directly covering important medical expenses to make sure that donations are indeed utilised where they are needed the most.
Donations to weeCharity are tax-deductible with the donation receipt, and 100% of all donations fully go towards the child in need. Any bank fees incurred are covered by wee to ensure that money goes where it is most needed.
Dr Leo Thomas Schrutt, Chairman of the Board
Tobias Engelsberger, Chief Technical Officer
Ewald Schmutz, Chief Financial Officer
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