San Francisco, California Apr 8, 2021 (Issuewire.com) - Cadoo has gradually been making a name for itself as the most intense fitness app out there. The app pays you to get fit and takes your money when you don't reach your goals. It's now surpassed over $250K in rewards given out to its players and is growing fast making a mark in the fitness app space.
California-based Cadoo has money-based challenges for users to join. Each challenge has a $5-$100 entry amount, and a goal to reach (Like running 5 miles this weekend). Participants have to reach their goal and record with devices like Strava, Fitbit, Garmin, etc to win. Winners get their money back, plus money from the losers, evenly distributed to the winners.
The CEO, Colm Hayden, said "Cadoo is a place for people who are serious about their fitness goals. If you join a Cadoo challenge, you better complete it. Your money goes to the challenge winners otherwise."
Cadoo says its users have run more than 100,000 miles, which is 4 times around the world. They have a strong network of passionate users who join every challenge they get.
Colm Hayden is co-founder and CEO of Cadoo and should be attending college as a junior. He's joined by Daniel Avila, co-founder, and COO, who is taking time off of Yale to grow Cadoo.
Tim-Parsa, Cadoo's third co-founder, says: "Cadoo ticks all the key boxes a successful startup should have: a huge TAM with over 300 million users using our current integrations; a passionate user base built on aligned incentives, and a really impressive yet humble founding team."
Cadoo forms part of a wider growth in digital sports, which includes such breakout names as Peloton, Tonal, Mirror, and Zwift. With the pandemic putting an emphasis on both home workouts and general health, the fascination with digital measurement of performance now has a growing grip on the sector.
Media Contact
Cadoo
46 Plaza Dr Mill Valley, CA, 94941-1540 United States
Source :Cadoo
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