Reklaim CEO Neil Sweeney Talks To Cantech Letter

Reklaim (Reklaim Stock Quote, Chart, Data, Analysts, Financials TSXV:MYID) founder and CEO Neil Sweeney talked about the company’s methodology to consumer information possession with Ticker Take host Jon Erlichman in the midst of the 2025 Cantech Funding Conference in Toronto on Oct. 9.

Toronto-based Reklaim provides a platform that allows individuals to verify their identification, view the personal information collected about them on-line, and each monetize or defend that information.

Sweeney talked about the company was primarily based on the idea that every consumer has a digital profile nonetheless no administration over it.

REKLAIM CEO NEIL SWEENEY SITS DOWN WITH JON ERLICHMAN AT THE CANTECH INVESTMENT CONFERENCE

“Every consumer on the earth has a information profile, nobody has entry to that information profile, and but it surely acts really as a free enter to every enterprise AI agent available on the market,” he talked about.

Reklaim’s platform permits clients to reclaim their information, place it under their administration, and decide whether or not or to not market it on to producers and AI platforms in alternate for compensation or defend it by requesting elimination from 1000’s of knowledge brokers.

“That’s about clients taking once more from the various completely completely different companies which have really been using their information with out really their consent or permission for the ultimate 20-plus years,” he talked about.

Requested regarding the enterprise model, Sweeney described two elementary revenue streams: a rewards side and a defend side.

“We facilitate the transaction between an selling firm or UPS and the particular person consumer to allow that information to modify. We take a price. Every time information is purchased, naturally, the additional information that we promote, the additional cash we make,” he talked about.

Reklaim’s reward enterprise, he added, is worth it with 80% margins, no debt, and progress above 30% yearly. On the defend side, clients subscribe for between US$3 and US$5 month-to-month, or US$25 per 12 months, to have Reklaim monitor their profile, take away them from seller lists, and register them on do-not-sell databases.

Sweeney talked about Reklaim’s subsequent a part of progress is focused on establishing its Defend product and growing subscriptions.

“We solely within the close to previous employed a former senior chief from Norton to come back again in and run that product,” he talked about. The company targets to reach 100,000 subscribers, which he talked about would translate into roughly a 50% enhance in annual revenue.

He added that Reklaim has moreover launched a model new rewards attribute referred to as the Jackpot, which allows clients to pool small earnings for a possibility to win an even bigger cash prize.

“Ultimate month we gave it to a girl in Virginia who used the $10,000 to buy a vehicle,” he talked about, calling it an occasion of how clients can experience “life-changing points” by taking administration of their information.

Sweeney talked about Reklaim is well-positioned to revenue as additional clients search transparency and administration over their personal information, together with that momentum is establishing all through every its reward and defend firms.

-30-