Wikets is newly launched social app on the iPhone that encourages users to share and recommend products and places to friends. Each time you ‘rec’ something to a friend, you receive points that can be later redeemed as vouchers to spend at participating online stores.
To recommend something, you can choose from the list of featured stores from Wikets’ 60 partners, including iTunes, eBay, Amazon, Best Buy and Etsy. You can also select any location from Foursquare or Yelp and even scan the barcode of a product.Vice versa, you can see what your friends are recommending and purchase the product from within the app to also earn points.
In September, Wikets managed to raise $1.5 million from venture firms and angel investors. Founders Andy Park, Vijay Manwani and Ravi Reddy believe that although Wikets faces strong competition in the product review space, the social features of the app will make it stand out from the others.