Social Platform Phlok to create 100 jobs with $600,000 investment

Irish-owned Social Platform Phlok, are delighted to announce the creation of 100 new jobs over the coming 18 months following an investment of $600,000.

With the investment of $600,000 from private and institutional investors, the company will be recruiting over 100 new staff in the areas of Software Development, Sales, Training and Account Management over the coming months across the island of Ireland.

Phlok is a unique rewards platform that offers end-users the opportunity to earn virtual currency as they interact with businesses. Paul Graham (CEO) said, “Gaining these investors allows us to execute on our vision to assist local businesses to attract consumers back to their main streets.  Their goal is to connect local businesses with local people incentivising consumers to Shop Local.

Having launched just six months ago they have already gained 300 businesses throughout Ireland including shops, restaurants, bars, off licenses, pharmacies, coffee shops, car dealerships, clothes retailers and even clairvoyants. Businesses have already witnessed in excess of €200,000 worth of sales and over 10,000,000 social media impressions occur through their innovative platform.

A unique social media concept, Phlok is the new web and smartphone platform that incentivizes consumers with virtual currency (points), collectable and spendable with any business on the network.

Businesses worry less about their social media presence as their customers are promoting them when collecting their Phlok points and consumers gain more than Phlok points, they are exposed to exclusive promotions that local businesses can target them with from time to time.

The innovation with Phlok is the ability to collect immense value as a consumer without it costing any individual business more than a few cents. Phlok points accumulate extremely quickly and can become quite addictive, bringing people back to Main Street more often. 

Paul added “We established Phlok to be the key digital incentive platform and become pervasive in the marketplace. Phlok is becoming an additional integral element of the business to business and business to consumer economy.  Our overall aim is to get local customers to transact more often with local business and support an ongoing vibrant community. Phlok makes the term ‘Shop Local’ make sense”.

The impact that it can have on a business is extremely measurable.

Phlok’s Business Control Panel gives simple to use and vital information on the people that have connected with them on the Phlok platform. Not only, can they see who is connected to them, but they get visibility of key consumer data based on spending habits with the ability to communicate individually or by the demographic group when encouraging them to try their service or product.

Phlok is not targeted at a specific demographic, in the past six months statistics have shown a range of user profiles expanding across all ages, professions and geographical areas.Phlok uses virtual currency incentives to make social media easy and profitable for businesses giving consumers a reason to shop local.

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