Founded in 2011, Fivestars is a leading payment and customer loyalty platform designed to support small local businesses. Its core mission is to help businesses and communities thrive by transforming every transaction into a meaningful relationship. The platform offers tools for customer loyalty programs, marketing automation, and payment processing, focusing on driving sales and fostering community support. Fivestars serves over 14,000 small businesses and has a user base of 60 million people.
Notable affiliated individuals include co-founders Victor Ho and Matt Doka. Fivestars has attracted significant investment from prominent venture capital firms such as Lightspeed Venture Partners and DCM Ventures. Key achievements include facilitating over $3 billion in local sales annually and onboarding more than 1 million new users each month. The overall impact of Fivestars lies in its ability to significantly boost sales for small businesses while strengthening community ties.
