Startup Spotlight #94 Boostfeel

March 14, 2023

AI-powered SaaS (Software as a Service) uses artificial intelligence and machine learning to provide advanced features and functionality to businesses. This technology allows companies to automate complex processes, gain insights from data, and improve decision-making. In today's highly competitive business landscape, customer loyalty is more important than ever. That's where Boostfeel comes in. Our startup spotlight guest this week is Boostfeel from theTurkey. Boostfeel is an AI-powered SaaS loyalty program builder that helps businesses boost customer loyalty, repeat sales, and revenue. With its advanced algorithms, personalized rewards, and valuable insights, Boostfeel provides a seamless and hassle-free experience for businesses and customers alike. And with its free communication channel through push-notifications, Boostfeel allows businesses to stay connected with their customers and drive more revenue over time. Co-founder & CPO Roman Zatitskiy told us about their journey.

When and why did you found your startup?

Alex Avdeev and Nick Litviak are the visionary founders behind the highly successful web studio "Magneex." With years of experience, they embarked on a quest to find a scalable and modern product opportunity. In late 2021, they launched their Minimum Viable Product (MVP), and soon after, Roman Zatitskiy joined the team as a mentor, bringing with him a wealth of knowledge and experience. Not long before, he was appointed co-founder and Chief Product Officer (CPO) at Boostfeel.

What are your key and unique features?

Boostfeel, an AI-powered SaaS loyalty program builder, offers a range of cutting-edge features that provide businesses with an easy-to-use platform for developing their full-fledged loyalty program. One of the critical benefits of Boostfeel is its use of artificial intelligence for personalization, which allows businesses to offer unique and personalized experiences to their customers.

Moreover, Boostfeel prides itself on its technological novelty, reflected in its ability to provide businesses with advanced analytics and metrics. By leveraging the latest technological innovations, Boostfeel is able to offer businesses a comprehensive suite of tools and features that can help them to optimize their loyalty programs and maximize their return on investment.

Tell us about your team.

Alex Avdeev: CEO and Founder
With over 10 years of experience as an entrepreneur and CEO of a web studio with 37 employees, Alex brings his expertise to Boostfeel. He holds a Master's degree in Information Security.

Nick Litviak: CTO and Founder 

As a senior full-stack developer with over a decade of experience in a CTO role, Nick manages a team of 25+ engineers at Boostfeel.

Roman Zatitskiy: CPO and Co-founder

Roman brings 9 years of experience in marketing and growth in the US, UK, and EU as an entrepreneur and product manager. He has two exits and an MBA from Finland.

Tell us about the numbers that matter to you.

Before relocating to Turkey, we extensively validated our business model in the Russian market. This process involved achieving a monthly recurring revenue (MRR) of $1500 across 93 point-of-sale (POS) systems, totaling 350,000 installations. Our results have been encouraging, with Boostfeel yielding a significant increase in revenue for every dollar spent on our service. We have achieved an outstanding retention rate of nearly 97%, reflecting the remarkable value and effectiveness of Boostfeel. Our innovative approach and advanced technologies have positioned us as an industry leader, empowering businesses to enhance customer loyalty and drive sustainable growth.

What are your plans for next year and the next 5 years?

Boostfeel has a clear roadmap for the next year and five years. In the following year, the company plans to:

  • Establish itself in the Turkish market and scale up operations
  • Secure a pre-seed funding round of $200,000
  • Upgrade the AI patterns
  • Implement geo-tag and i-beacon push notifications

Over the next five years, Boostfeel has these goals:

  • Expand into the European market
  • Secure a Seed funding round of $1 million
  • Implement a referral tool for clients and customers
  • Create AI-powered chatbots to enhance customer experience.

What is your startup's stage? Please select one.

Early Revenue - $1.000 - $5.000 revenue per month

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