FoodsPass developing the first-ever Visa credit card and savings club for food locations

FoodsPass of Newport Beach is embarking on an investor roadshow and trade show for the month of September, executives announced.

The tour includes TechCrunch’s Disrupt on Sept. 21-23, a three-day conference for early-stage startups, and Groceryshop on Sept. 19-22 in Las Vegas, the largest grocery retailer trade show.

FoodsPass was founded by a team of global fintech and foodtech specialists. It’s developing the first-ever Visa credit card and savings club for food—and already has a waitlist of 5,000 people—the company said.

Its mobile app streamlines the process of finding the best local deals on delivery, groceries and more, while the credit card aims to apply a discount from 4% to 40% as cash back on food purchases.

“From the consumer side, it just makes sense,” co-founder and CEO of FoodsPass Travis Siflinger told the Business Journal. “Right now, it’s a mess—we juggle multiple apps, coupons and cards to save on food.”

The service will also donate meals to families in need every time the card is used, Siflinger said.

“We’ll support the community while providing affordable access. We want to rise to the top by doing something good.”

In July, Siflinger and his team pitched at an event where they got the attention of Kevin O’Leary, a judge on Shark Tank. He called FoodsPass “an intriguing idea” and helped it obtain seed funding on StartEngine.

It also recently partnered with Starbucks and was shortlisted for the Kroger Innovation Fund, which supports entrepreneurs seeking to eliminate food insecurity and food waste.

“We’re doing something nobody is at the moment, bringing dynamic businesses into one unique model,” Siflinger said. “We enjoy creating simplicity amidst the challenging environments.”