Versus Systems, Inc. (NASDAQ: VS) operates as a rewards company that aims to build interaction and engagement for live events, games, shows, apps and more. Versus adds interactive games, trivia, polls, and other games to existing entertainment. Shares of the rewards and engagement company are skyrocketing 254% through afternoon trading on Wednesday, February 1, 2023. Over the past three months, Versus Systems has seen average daily volume of 700,370 shares. However, volume of 47.89 million shares or dollar volume of around $109.67 million, has already exchanged hands through afternoon trading.
Shares of Versus Systems are soaring after the company announced that it has partnered with Resolve Debt, Inc., an automated debt collection and artificial intelligence company, to integrate gamification and interactive AI capabilities into Resolve’s existing credit and debt management products. Overall, the two companies seek to obtain a portion of the $4.5 trillion U.S. consumer debt market.
Versus Systems will leverage its rewards and engagement strategies to help Resolve better connect with its customer base. The ultimate goal of the partnership is to use AI and gamification to provide a better user-experience for Resolve’s customers and help those customers manage and pay their debt more efficiently.
Trent McKendrick, Resolve’s Founder: “Consumer debt and past due collections in the United States is an enormous issue, managed by outdated methods in the digital age. We’re nearing a trillion dollars in credit card debt alone and seeing card usage at an all-time high. Resolve is providing businesses with the best technologies to help their consumers manage their finances, pay down their debts, and become debt-free. Versus leans into a scalable solution that prioritizes positive and beneficial solutions for a consumer base that is tired of aggressive and forceful debt collection methods.”
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