November 25th, 2009 | 
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Quidco
Quidco is a website that gets paid by retailers for sending them shoppers. What makes us different is that we give all that money back to our members in the form of “Cashback”. So for example – if we were to send you to the Vodafone website and you buy a mobile phone – we get paid a commission – for example £100 – all of which we then pay directly into your bank account – no fuss – no catches. This year alone – Quidco will be putting over £35m into member’s bank accounts for the purchases they made by clicking from Quidco to our 1,700 retail partners. It really is the savviest way to shop.
Quidco is the UK’s No.1 cashback website with nearly 50% market share, and bigger than the top 10 competitors combined (Hitwise Aug ‘09). It has 660,000 members. The company was founded in 2005 by husband and wife team Paul and Jen Nikkel, their mission at that time was simply to save students money. Since then it’s expanded to saving Britain millions. In May 2009 Michael Murphy led a management buy in with the mission being to turn Britain’s best kept shopping secret into a household name.
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