Proactive - Interviews for investors

Mode Mobile disrupts smartphone market with reward-based model, eyes Nasdaq listing

Episode Summary

Mode Mobile CEO Dan Novaes joined Steve Darling from Proactive to discuss how the company is redefining smartphone usage by enabling users to earn rewards for everyday activities. Unlike major tech companies like Facebook, Apple, and Google, which profit from user data, Mode Mobile returns value directly to consumers. The company’s software rewards users for tasks they already do, such as playing games, reading news, trading stocks, or even charging their phones. Available on any Android device, Mode Mobile also offers its own branded smartphones, which are sold at major retailers like Walmart and Best Buy. Novaes compared Mode Mobile’s business model to Roku’s, which earns revenue from streaming rather than hardware sales. By partnering with advertisers, the company allows users to earn rewards while engaging with content. “If you think about what Uber did for cars or Airbnb did for homes, we believe we’re creating a new asset class for smartphones,” Novaes said. Looking ahead, Mode Mobile is raising capital and has reserved the ticker symbol “MODE” with Nasdaq, signaling a potential public listing. With over 33,000 shareholders and a vision to tap into a multi-billion-dollar market, Mode Mobile is poised for significant growth in the evolving mobile rewards economy. #proactiveinvestors #ModeMobile #SmartphoneRewards #TechInnovation #DanNovaes #PassiveIncome #EarnWithYourPhone #DigitalEconomy #AdRevenue #TechStocks #MobileApps