Greenbean Recycle
Boston
About Greenbean Recycle
Greenbean unlocks consumer data by incentivizing beverage recycling. We make software for ‘reverse vending machines’, or RVMs, that allows consumers to return beverage containers for a small sum (often 5 cents each). We connect RVMs to the internet, and allow these payments to travel directly to your bank account, PayPal, or charitable cause. Users can create an account online to start recycling, making money, and view stats on their positive environmental impact. We strengthen user engagement by added social and gaming layers, as well as various marketing promotions. Greenbean works great with retail loyalty programs. For our corporate partners we create rich data analytics – individualized and locationary. We even scan UPC (aka bar) codes on every beverage container, which tells us things like the exact brand of drink recycled. Our vision is to bring consumer beverage recycling into the 21st century. Every year more than 100 billion bottle and cans end up in a landfill. Greenbean’s payment, social, and analytics platform incentivizes consumers to recycle their beverage containers so that the harmful (yet valuable) plastic and metal can be salvaged. We are working towards a GB-enabled RVM for everywhere beverage containers congregate – from condos to convenience stores.
Company Facts
- Operating status: Closed
- IPO status: Private
- Employees: 1 – 10
- Estimated revenue: $10K – $50K
- Funding stage: M&A
- Last round: Series Unknown (Jan 2013)
- Website: gbrecycle.com
Industries & Categories
Analytics, Payments, Recycling
Social Profiles
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