September 22, 2017
When we broke the news in July of the shutdown of Pact, a startup that aimed to motivate users to go to the gym with monetary carrots and sticks, we noted that the reasons for the company's demise weren't readily apparent. Now a new missive from the FTC (first spotted by Gizmodo) is shedding some additional — and, truth be told, not very flattering — light on that story.
While users were promised...
July 5, 2017
Pact, the startup that incentivized users to healthy behaviors by getting them to essentially bet money on their own adherence, has shut down, according to an email the company sent out to its users on Friday. The company will pay out its final rewards to users on July 11th and will continue supporting users until the end of August.
“Thanks for choosing Pact - we hope it has helped you live a...
January 6, 2014
Fitness incentivizing app GymPact has rebranded, changing its name to Pact and raised $1.5 million in a round led by Khosla Ventures and PayPal alum Max Levchin. This brings their total funding to $2.5 million.
Until now, Pact has offered users money only for exercising more, just so long as these users pay $5 if they don't make their goals. The money that users must pay for missing their goals...
December 31, 2013
The gym may never be as crowded as it is in the weeks after people across the nation make New Year's resolutions to reach their fitness goals. While the plethora of activity trackers might make it easier for athletes to head outdoors for exercise, in some colder areas that might not be an option. This year though, several new digital health startups have launched that aim to offer users an...
December 26, 2012
If there are two groups of people who can attest to just how hard it is to motivate healthy behavior change, it's health app developers and trainers -- especially trainers who work at gyms during the first few weeks of the year. Scores of people resolve to go to the gym more in the New Year, manage to sign up for memberships, and maybe end up going a few times. But for many it stops there....
December 3, 2012
Aetna CEO Mark Bertolini kicked off the mHealth Summit this morning by announcing a launch date for the mobile implementation of their health data syncing platform CarePass, which will combine Aetna's recent mobile acquisitions and partners into a single offering.
CarePass has been available as a web platform, but Bertolini said it would go mobile in March 2013. The platform connects iTriage, the...