PRODUCT NEWS
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| PayAsUGym signs strategic partnership with customer data platform InfoSum |
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| 09 Jul 2018 . BY Tom Walker |
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| The partnership will offer sites using the PayAsUGym platform "greater insight" into customer behaviours |
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Online fitness marketplace PayAsUGym has signed a partnership deal with customer data expert InfoSum.
According to PayAsUGym, the move will enable clubs listed within its service to gain greater insight into the incrementality of customers generated through the platform, assess conversion to membership directly and understand attrition.
The insight offered by InfoSum – a data collaboration technology provider founded in 2016 – will also enable gym operators to work closely on price and yield optimisation on a venue-by-venue basis, ensuring "net positive revenue and member movement".
"We know from our own data that 92 per cent of customers using our platform are new to the gym they visit and 15 per cent go on to become full-time members of the gyms directly," said Neil Harmsworth, COO and co-founder of PayAsUGym.
"Our partnership with InfoSum will demonstrate this incrementality through a transparent and auditable process by an independent third party.
"It will also give our gym partners valuable insight into their customers that can be interrogated through behavioural and demographic segmentation.
"We believe that this work will ultimately generate the most sophisticated understanding of customer movements within the gym industry.”
Harmsworth added that, in future, there will be "significant opportunities" for gym operators to participate in further data enrichment and benchmarking to better understand customer behaviour at an industry-specific level.
The InfoSum partnership follows PauAsUGym’s recent £6.5m Series A investment round led by Albion Capital.
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