There are nearly 7,000 vendors in the martech landscape. Dizzying, to say the least. We want to help you get to know a few of the better ones.
In this series, we pick one extra cool martech company and profile them each week. What problems do they solve? What challenges do they face? Where do they go for clarity? How do they prepare for the future?
This week, we speak with Adam Broitman, the Chief Strategy Officer at Kiip (pronounced “keep”). He oversees business development, marketing, and their data product. Formerly, Adam was VP of Global Digital Marketing at MasterCard, where he was one of Kiip’s largest clients.
Adam Broitman: We are a brand-safe mobile advertising platform that creates ads that people do not hate.
AB: In 2010, Co-Founder and CEO Brian Wong recognized a problem: Mobile advertising was a terrible experience for consumers (and publishers). His insight led him to a model whereby people could actually derive value from an ad—whether it be a gift card, product, or just content. Brian wanted to acknowledge the fact that, if brands are going to disrupt a consumer experience, there is a way to do it so the experience does not leave a negative feeling.
AB: We create engaging, user-respecting ad experiences that both create an affinity toward a brand and drive sales.
AB: Our viewable, brand-safe, engaging ad experiences would drive impact by creating brand love and driving sales. We are confident that we can have this impact for any brand at any budget.
AB: We have multiple products, most of which are in Mobile Marketing, Programmatic Advertising and Audience Data, but we do overlap with other areas such as CRM.
AB: There are a lot of mobile ad networks, but we feel our approach is totally unique. Others have copied our approach, but if you are looking for moments-based marketing, we feel we stand alone.
AB: Well, we actually hear from end users who see our rewarded ads and send us thank you notes. I don’t think there are many ad tech firms that get thank you notes from people stating how they are happy to have seen their ad!
AB: While we look at other companies in this space, we spend more time looking at great consumer technology companies like Apple or Tesla. We prefer to set our standards for end user experience very high.
AB: Not sleeping and taking vitamins!
Our engineering team is hard at work. Building products with new tech such as blockchain is a challenge, but the team is doing an amazing job.
AB: Our core business are the in-app moment-based ads, but we also have two others. One is our data product, which is like the inverse of those ads. We take those moments and tie them to anonymous, non-personal information. We build audiences, which advertisers buy through programmatic exchange.
Our other new product is blockchain. We built a DApp (decentralized application) on Ethereum. It records transactions so they can’t be changed or frauded. It gives full transparency to everything we do. The second part of that product is Koin, which is essentially a media token. The ethos behind it is that we wanted to reward users for seeing ads—not to bribe them, but to say thank you for your time. Instead of giving them coupons or products, we’ll give them a form of cryptocurrency.
The user is already involved. There’s a growing wave of people who don’t want to be the subject of commerce, who don’t want to be bought and sold. For brands who spend so much time on customer experience, why wouldn’t you involve and reward the user?
With Koin, if a user sees an ad, we can do the revenue split between us and the brand, and then also give part of that split to the user. For the brand, it verifies the person is real and that they paid attention. For the user, it says thank you.
We’re still working out the details, but right now we’re looking to introduce Koin in Q1 of 2019.
AB: The first time they encounter Koin, they’ll be asked to create a wallet. From then on, future tokens will be inserted into wallet. A lot of people won’t engage at first. We’ll have to do marketing around it. But we believe there will be buy-in.
AB: We hope that in 2019 marketers pay more attention to the ad experience that they are delivering. It is not just about attention; it is about favorable attention. We believe our product delivers on this promise.
Employees: ~50 across five offices
Customers include: Campari, Kraft, The New York Times, Google Play McDonald’s, Coca-Cola, General Mills, BMW, Johnson&Johnson
Year founded: 2010
Funding status: Late stage venture
Last funding type: Series C
Total funding: $32m
Rounds of funding: 8
Headquarters: San Francisco
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