MarkosWebWeb intelligence for the agentic economy

Open Rewards Inc

Active

Building the Platform that Powers Local Commerce, Starting with a Community-wide Shop Local Program

What it does

We are building the technology layer that empowers cities as a marketplace. Two things are true about cities: 1/ They are the original, and largest, 2-sided marketplace They enable local businesses to connect with consumers; when businesses make a sale, they take a cut. Currently, US state & local governments collect $690B in sales tax accounting for 23% of its total revenue.  2/ They are way behind on tech stack in running this marketplace Compared to all the things that Amazon/DoorDash/Airbnb does to boost the sellers/restaurants/hosts and help them grow revenue, cities are not doing any of it. We are building the technology layer that empowers cities to run this marketplace and maximize its economic potential. - Since launching post-covid, we have grown to 200+ cities and counties across 30 states and Canada. - Notably: Las Vegas, Arlington County VA, El Paso TX, Camden NJ - Our cities have collectively invested $4M+ rewards fund into our platform which turned into 194K purchases at local businesses and $11M local economic impact

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