Pingup reports exceptional Q3 results and expanded Boston team

BOSTON, Nov. 15, 2016 /PRNewswire/ -- Pingup, the nation's largest transaction platform for local services businesses, today announced that it has increased 2016 daily platform transactions by 11x and monthly transaction value by 16x by the end of Q3. Pingup now aggregates over 200,000 businesses across digital directories, search engines and social networks, including Facebook, Kik and Yahoo, with over 300 million users.

Pingup gives consumers the ability to schedule services and order food natively within their publisher network using action buttons and bots. This provides local merchants opportunities to increase business 24/7 whenever and wherever consumers are searching. Pingup technology allows appointments and orders to immediately show up within merchants' software system thus completing the consumer's task and closing the commerce loop within seconds.

2016 results YTD-end of Q3

• Average daily transactions increased 11x
• Monthly transaction volume increased over 10x 
• Monthly transaction value increased 16x

Month-over-month transaction growth is also over 40% YTD. To continue delivering stellar results Pingup has made senior team hires of Dan Gilmartin as CMO, Head of Product and Ben Sack as Chief Scientist.  Before joining Pingup Dan held senior roles at BlueConic, PayPal, Where and Sprint. Dan is leading efforts to expand Pingup's transaction platform.  Ben specializes in artificial intelligence, machine learning and cluster computing and is focused on conversational commerce and business automation that further develop Pingup's marketplace. Prior to Pingup Ben worked with companies including Bank of America, Merck and HBSC.

"We are pleased with these outstanding results. This is proof that consumers want real-time, frictionless transactions with their local merchants on search engines and social networks," said Mark Slater, CEO at Pingup. "The opportunity here is tremendous and I'm excited to have Dan and Ben join the team as we create the future of automated local commerce transactions."

About Pingup Pingup is the nation's largest transaction platform for local services businesses, using proprietary technology to connect hundreds of thousands of local merchants with leading publishers and social platforms including Facebook, Kik, Bing and Yahoo that have over 300 million monthly users. Pingup aggregates over 200,000 US businesses, more than triple OpenTable's quantity in the US and continues to add thousands of businesses each month. The company is headquartered in Boston's Innovation District and backed by Avalon Ventures. For more information visit http://pingup.com. Follow us on Twitter:@pingupapp.

Contact: Heather Sears
(617) 752-1691
[email protected]

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SOURCE Pingup

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http://www.pingup.com