ALFI, Inc
ALF NASDAQ

ALF
ALFI, Inc NASDAQ
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Jun 162021

Getting all excited over Alfi

Ad tech company Alfi hasn't been on the market for long, but it’s already making waves. Prices soar over 100% on the back of an impressive tablet supply deal for Uber and Lyft drivers.

Newly public advertising technology company Afli, which only listed at the start of May, is making its mark already: dabbling with the big dogs and striking a deal to deliver a bucket-load of digital tablets to Uber and Lyft drivers. Where there’s a load of fancy tablets, there’s likely a load of money, and investor excitement sent prices skyrocketing 104% on Tuesday. The company will develop 10,000 tablets for the ride-sharing giants in partnership with a tech firm called All-Niter, who will handle the fulfilment, staging and shipment of the new devices.

The tablets will be on display in the rideshares, using ALFI’s machine learning and AI to make sure that content publishers are able to deliver those freakishly personalized ads to consumers without violating user privacy or tracking their data by analyzing human behavior (still kind of freaky tbf). On top of that, rideshare drivers will be able to make some extra $$$ by using ALFI’s technology while driving passengers around. As the rideshare industry continues to grow, these ads are becoming increasingly relevant and the room for growth is massive.

Alfi’s AI-backed advertising platform uses machine learning to deliver content to the right target audience and accurately show us the personalized ads that seem to read minds. Alfi went public below its IPO price range at $3.75 on May 4, and since then has seen a few pop and drops in price, but ultimately looks to be on the up and up thanks to some impressive recent earnings and the increased deployment of its tech in international markets.

Big things on the way people, these guys could be ones to watch.