At smallcase, we come up with newer features and updates to provide you with an evolved and seamless investing experience.
To add to this list of features, we’re launching our very own Invite & Earn program! After all, what’s any aspect of life if we can’t share it with others?
The Invite & Earn feature allows you to invite your friends and family to the world of simple investing and earn rewards for the same!
It’s as simple as it sounds, but it never hurts to understand its nitty-gritty, does it? For ease your ease, let’s break this feature into two parts – inviting someone you know and, second, the rewards you earn for it.
How do I “invite” my friend to smallcase?
There could be two scenarios here – either you are an existing smallcase user who wants to invite a friend (Inviter), or you have received the invite to join smallcase through a friend (Invitee). Let’s talk about both –
If you’re the Inviter, you will see a banner which says “Invite friends, get rewards”.
Hitting the Invite Now button generates a code that is unique to you. You earn rewards when your friends use this unique code to join smallcase! Inviting is pretty simple, like all our other features –
Just two steps –
- Share the unique invite link with your friend
- Get ₹300 and unlock discounts as soon as your friend connects their broker ID
When receiving the reward of ₹300, you, as the Inviter, can also view the friends you’ve invited historically to smallcase. Inviting more friends will keep increasing that list. Here, you’ll see the status of the invite you’ve shared with your friends and family and whether they’ve signed up yet.
Important to note: We’re putting an upper cap on the number of people you can invite to smallcase. For now, you can invite a maximum of 10 people using your unique referral code.
What do I “earn” when I invite someone?
More friends = more rewards!
There are two types of rewards to redeem –
- ₹300 into your bank account: If you’re the Inviter, a cash reward of ₹300 is credited into your account for each friend who signs up and connects their broker account using your unique link. This cash payout will be credited to the Inviter’s linked UPI account. However, to redeem this reward, you will have to have invested ₹4000 or more in smallcases.
Important: While the cash rewards are unlocked as soon as the Invitee does broker login, both the Inviter and the Invitee will have to have invested ₹4000 or more in smallcases to redeem this gift (i.e., get the amount credited into your bank account)
- Discount Coupons: Because who doesn’t like discounts? After every successful referral where the Invitee has connected their broker account, the Inviter will be rewarded with discount coupons for subscriptions.
Here’s what you get a discount on –
- Subscription to your first fee-based smallcase! If the Inviter isn’t invested in any fee-based smallcase, they get a brand new coupon to subscribe to smallcases by one of our top finance experts.
- If the Inviter has already purchased a subscription, they get a coupon to discount their next renewal for the currently subscribed to manager/smallcase (if applicable). Otherwise, they get a subscription coupon to discount their next subscription purchase (with applicable managers).
States of a reward:
- Locked (in-progress): These are rewards that you’ve already earned, waiting to be unlocked once your Invitee connects their broker.
Important to note: You will not earn a reward if the person you’ve invited is already an existing smallcase user. The reward will show as locked.
- Unlocked: Rewards you’ve earned that are ready to be redeemed.
- Redeemed: Rewards that the Inviter has already used. Cash rewards will be redeemed only once the Inviter has verified a transfer method with the bank.
- Expired: Rewards that were not redeemed within the given timeframe.
Note: Management has the discretion to add or remove rewards as they see fit.
To see all your past and existing rewards, click on the “Your Rewards” banner.
Let’s start inviting friends, shall we?
With this article, we’ve tried to address any concerns you might have about Invite & Earn on smallcase. For any further questions, drop us an email on email@example.com and we’ll be more than happy to chat.
So, what are you waiting for? Start inviting your friends and family to simple, smart investing!