Trading
The U Group & Co Ltd
Building the data of tomorrow, for the business of today
INDUSTRY
Technology
STATUS
trading
OPEN TO
Public
Investment Highlights
The U Group earns double-digit millions of dollars annually by selling real-time, comprehensive market data to major corporate brands, as well as leading market research consultancies, while rewarding its app-users for uploading photos of their purchase receipts to the AI data centre at U Group.
When analysed by the company's proprietary, sophisticated Machine Learning software, valuable, processed data is purchased by major brands, businesses and leading market research firms, generating high earnings margins for the U Group.
Contracts are often multi-year to identify consumer preference trends etc. overlaid against other data such the user age group and earnings band, revealing valuable commercial insights for the company's clients.
The U Group website displays the names of some of its corporate customers here:
https://www.theugroup.co/data-talks
Its growing staff of about 60, plus tens of contractors across several countries, is very highly skilled and includes personnel that have previous high-level experience from very successful, well known, global tech companies.
The company is debt free and growing rapidly.
The company has less than 50 million shares on issue. The most recent off-market transaction between unrelated parties was settled at $2 per share.
Company Overview
About U Group
The U Group is a leader in the ethical acquisition and high-security protection of all consumer data it receives from its large number of subscribed app users, by fairly compensating the company's app users with tangible rewards.
The company’s technology allows it to rapidly extract and process detailed consumer purchase data from receipts. This data is then monetised by selling the resulting, intelligent market information to brands and market research firms alike, enabling these clients to make confident business decisions, based on the market facts and trends documented by the U Group’s reports.
The U Group Business
U Group strives to bring market-leading speed, accuracy and transparency to the consumer data industry. The company delivers valuable consumer choice insights to its clients, be they consumer brands or market research firms.
The Data Collection and Reporting
Using proprietary data capture technology, the U Group uses AI to extract detailed information from online & offline receipts that have been securely shared with U Group by users of its mobile phone App.
When processed and statistically analysed, the now valuable and timely data informs clients of the U Group about the preferences of shoppers across the various age or income groups, documenting how any specific consumer preferences change over time.
Rewarding Consumers for Sharing Purchase Receipt Data
U Group ethically and fairly rewards those consumers using its mobile phone App for entrusting them with their receipt copies, while securely protecting their privacy and receipt data.
In addition to the rewards paid to them, the users of the U Group App benefit directly from preserving, categorising and storing their own purchase history and invoice copies which often include product warranties that may become important later.
Product Data Categorisation
The U Group App handles both on-line and paper receipts. The receipt information is immediately processed by machine-learning software so receipts for multiproduct purchases are broken down to detailed information about each individual product and then categorised accordingly.
Verified Data
U Group data is collected in real time by real people and is therefore unaffected by search bots, collection bias or direct fraudulence. Clients of U Group are sure to receive only accurate and verified data.
Awards
- Startup of the Year Finalist – ARN Innovation Awards 2021
- Startup of the Year – 2020 My Business Awards
- The iAwards 2020 - Startup of the Year Semifinalist
- Merit Award for startup of year 2020 – Lateral INCITE Awards
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