Gavin Dein

Last updated

Gavin Dein
Gavin Dein at Clinton Foundation 2012.jpg
Dein at the Clinton Foundation, 2012
Born
Gavin Alexander Dein

NationalityBritish
Alma mater Babson College
OccupationCEO of Reward
Known forFounding of Reward Insight
SpouseClaire Guerlain
Children2
Parent David Dein Barbara Dein
Website rewardinsight.com

Gavin Alexander Dein is a British entrepreneur and philanthropist, best known for his founding of the Reward Insight business, named the 5th fastest growing UK technology business in June 2024 according to The Independent . [1]

Contents


In November 2020 Verisk, a Nasdaq-listed data analytics company, purchased a strategic minority stake in Reward Insight in a deal worth over £100m [2]

In May 2024 Experian, a FTSE50 company and the world's leading global information services company, acquired a strategic stake in the company and Dein became Founder and Deputy Chairman. [3]

Early life

Gavin Dein is the son of David Dein MBE and Barbara Dein. David Dein is best known for co-owning Arsenal Football Club and founding the Premier League [4] Dein has an older brother Darren, [5] who is a football agent operating in Europe, and a younger sister Sasha. [6] Dein attended Haberdashers' Aske's Boys' School, The_American_School_in_London and graduated with honours in entrepreneurship at Babson College in Boston Massachusetts, the No. 1 MBA programme for entrepreneurship according to the U.S. News & World Report. [7] [8]

Business

Dein founded Reward in 2001.

In 2006 Dein invented a new technology to track and reward programme member shopping without the need for a loyalty card called Cardless Reward Technology (CRT). [9]

The technology links consumers' credit and debit cards to offers and deals, so while making their purchases customers can receive rewards such as discounts or free gifts without showing coupons or a separate loyalty card. [10] In 2007 the innovation was nominated for the Best Industry Innovation of the Year at that years Credit Card Awards, [11] and in 2008 Dein was accorded the Young Gun award by Growing Business for his invention. [12] In addition to this programme, Reward also administers and runs the Barclaycard football credit card. [13] Then in 2012 Reward launched the NatWest CashbackPlus rewards programme, which provides personalised rewards for NatWest debit card holders. [14] In 2014 CashbackPlus won Best Card Benefits Programme of the Year. [15]

Much of the Reward's success can be attributed to partnering with leading financial organizations like Visa_Inc., Mastercard, and American Express, as well as prominent banks in Europe including NatWest, Barclays, Virgin Money Monzo, CEMEA (Central Europe, the Middle East, and Africa) with First_Abu_Dhabi_Bank, the largest bank in the UAE, and the Asia Pacific region.

Reward launched full-service loyalty programmes in partnership with Virgin Money and Barclays Bank, the latter in collaboration with Visa_Inc.. [16]

Reward has offices in Regent Street, London, Belfast, Northern Ireland, Dubai, UAE and Singapore. [17]

Dein was a Non Executive Director of a globally recognised talent representation agency, IE MUSIC, [18] a talent representation business from 2016-2018. Clients include Robbie Williams, Ayda Field, Cher Lloyd, Craig Armstrong, Lemar, Lily Allen, Passenger_(singer) and many more. [19]

Personal life

Dein married Claire Guerlain in 2014. [20] The couple have two children a girl and a boy and currently live in Mayfair, London.

Dein has been involved with the NSPCC since 2012 chairing several boards including the Childline School Service, National Development Board and is currently a member of the Income Generation Committee. [21] [22]

Related Research Articles

<span class="mw-page-title-main">Loyalty program</span> Marketing strategy designed to encourage customers to continue to shop at a business

A loyalty program is a marketing strategy designed to encourage customers to continue to shop at or use the services of a business associated with the program. A loyalty program typically involves the operator of a particular program set up an account for a customer of a business associated with the scheme, and then issue to the customer a loyalty card which may be a plastic or paper card, visually similar to a credit card, that identifies the cardholder as a participant in the program. Cards may have a barcode or magstripe to more easily allow for scanning, although some are chip cards or proximity cards.

<span class="mw-page-title-main">Frequent-flyer program</span> Airline loyalty program

A frequent-flyer programme (FFP) is a loyalty program offered by an airline.

Discover is a credit card brand issued primarily in the United States. It was introduced by Sears in 1985. When launched, Discover did not charge an annual fee and offered a higher-than-normal credit limit. A subsequent innovation was "Cashback Bonus" on purchases.

<span class="mw-page-title-main">Laser (debit card)</span> Irish debit card scheme, 1996–2014

Laser was a debit card scheme in Ireland between 1996 and 2014.

<span class="mw-page-title-main">Flybuys (Australia)</span> Australian customer loyalty program jointly owned by Coles Group and Wesfarmers

Flybuys is an Australian customer loyalty program equally owned by the Coles Group and Wesfarmers through joint venture Loyalty Pacific. Members can accrue points by shopping at Coles Group brands, certain Wesfarmers brands, and some third-party partners like HCF Health Insurance, Coles Express and Optus. Points can then be redeemed for money off purchases at Coles Supermarkets, Coles Express, Liquorland, Kmart, Officeworks, Target and mycar, as well as holidays and household goods.

<span class="mw-page-title-main">Canadian Tire Financial Services</span> Financial services subsidiary of the Canadian Tire retail chain

Canadian Tire Services Ltd. (CTSL), doing business as Canadian Tire Bank, is the financial services subsidiary of the Canadian Tire retail chain. The bank is based in Oakville, Ontario, and has additional business operations in St. Catharines and Welland, Ontario. Between 1968 and 2016, Canadian Tire Services Ltd. was known as Canadian Tire Financial Services Ltd..

<span class="mw-page-title-main">David Dein</span> British football administrator and executive

David Barry Dein is a British businessman, known for being a former co-owner and vice-chairman of Arsenal Football Club, and founding the Premier League.

Online shopping rewards are a type of loyalty program to e-commerce shoppers.

A cashback website is a type of reward website that pays its members a percentage of the money that they spend when they purchase goods and services via its affiliate links.

Telecom Plus plc is a British multi-utility supplier of gas, electricity, home insurance, and landline, broadband and mobile services to residences and businesses. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Loyalty marketing is a marketing strategy in which a company focuses on growing and retaining existing customers through incentives. Branding, product marketing, and loyalty marketing all form part of the customer proposition – the subjective assessment by the customer of whether to purchase a brand or not based on the integrated combination of the value they receive from each of these marketing disciplines.

Discover Financial Services is an American financial services company that owns and operates Discover Bank, an online bank that offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International. Discover Card is the third largest credit card brand in the United States, when measured by cards in force, with nearly 50 million cardholders. Discover is currently headquartered in the Chicago suburb of Riverwoods, Illinois.

An incentive program is a formal scheme used to promote or encourage specific actions or behavior by a specific group of people during a defined period of time. Incentive programs are particularly used in business management to motivate employees and in sales to attract and retain customers. Scientific literature also refers to this concept as pay for performance.

<span class="mw-page-title-main">Credit card</span> Card for financial transactions from a line of credit

A credit card is a payment card, usually issued by a bank, allowing its users to purchase goods or services or withdraw cash on credit. Using the card thus accrues debt that has to be repaid later. Credit cards are one of the most widely used forms of payment across the world.

Neteller is a global payments platform and digital wallet used to transfer money to and from merchants, such as forex trading brokers, social networks, and gambling websites. Users in the European Economic Area (EEA) and the United Kingdom can add a Net+ Mastercard to their account to pay with their balance in stores or withdraw it as cash from ATMs. Regardless of their location, users can transfer their balance to their own bank accounts or cards if they need to withdraw the funds from their account.

Webloyalty is an online marketing company, part of Affinion Group, that runs reward programmes 'Shopper Discounts & Rewards' and 'Complete Savings'. These programmes require a monthly subscription in return for access to discounts similar to those on a cashback website. Previously, Webloyalty's marketing practices have attracted significant controversy and substantial lawsuits.

Bread Financial Holdings, Inc. is an American publicly-traded provider of loyalty and marketing services, such as private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.

<span class="mw-page-title-main">Barclays</span> British multinational banking and financial services company

Barclays plc is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.

<span class="mw-page-title-main">Scene+</span> Canadian loyalty program

Scene+ is a Canadian loyalty program established in 2007. It is owned by Scene LP, which is jointly owned by Galaxy Entertainment, a subsidiary of Cineplex Inc., Scotiabank, and Empire Company.

InterMiles was the airline's frequent-flyer program of Jet Airways that ceased operations in April 2019, in which 50.1% stake is held by Etihad Airways, part of the Etihad Aviation Group. InterMiles is an independent, loyalty and rewards company formed in 2014. The program has about 10 million members.

References

  1. "Meet the top 100 business tech leaders contributing to the UK economy". The Independent. Retrieved 29 June 2024.
  2. "Ex-Arsenal chief Dein's son gets Reward in £100m UK fintech deal". Sky News. Retrieved 23 November 2020.
  3. "EXPERIAN ACQUIRES STRATEGIC STAKE IN REWARD". FinancialTimes.
  4. "Dein sells Arsenal stake to Russian oligarch for £75m". The Times. Retrieved 19 November 2012.
  5. "Transfer guru Darren Dein: Meet the man helping Harry Redknapp". www.birminghammail.co.uk. Birmingham Mail. 31 August 2017.
  6. Paul Kelso (5 July 2011). "Agent Darren Dein linked to Arsenal transfer deals including Cesc Fabregas Barcelona move". The Daily Telegraph.
  7. "Babson College Official Website". Babson College. Retrieved 29 August 2023.
  8. "Gavin Dein" . Retrieved 1 March 2019.
  9. "Gavin Dein". Archived from the original on 23 November 2012. Retrieved 19 November 2012.
  10. Alex Donohue (11 February 2008). "TMN signs deal with Reward for offline loyalty programme". Brand Republic . Retrieved 19 November 2012.
  11. "Awards and Press". Archived from the original on 23 November 2012. Retrieved 19 November 2012.
  12. "Gavin Dein, Reward". Growing Business. Archived from the original on 7 October 2012. Retrieved 19 November 2012.
  13. "Barclay Football Credit Card". Archived from the original on 28 March 2012. Retrieved 19 November 2012.
  14. "Profitable Data Monetisation". Archived from the original on 23 November 2012. Retrieved 19 November 2012.
  15. "2014 Winners & Finalists" . Retrieved 1 March 2019.
  16. "Reward Loyalty Back in the Black, Confident About Future". Business of Payments. 19 March 2023. Retrieved 29 August 2023.
  17. "Get in Touch" . Retrieved 1 March 2019.
  18. "Gavin Alexander DEIN" . Retrieved 1 March 2019.
  19. "home" . Retrieved 1 March 2019.
  20. "Telegraph Announcements" . Retrieved 8 January 2019.
  21. "Thank you to our National Development Board" . Retrieved 19 November 2012.
  22. "Gavin Dein" . Retrieved 1 March 2019.