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Office: 63 Chulia Street, OCBC Centre East, #15-01, Singapore, 049514
Main contacts:
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Business Hours: Mon. - Fri. (11.00-19.00)
Time zone (Singapore)
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TrustFinance is trustworthy and accurate information you can rely on. If you are looking for financial business information, this is the place for you. All-in-One source for financial business information. Our priority is our reliability.

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Shapa Health Inc.

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United States

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01 Thg 01 2015 (11 Years)

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BridgerPay

BridgerPay

(180 reviews)

foundedInCyprus

2017

(9 years)

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Company hasn't provided information.

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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Company Information

Get to know Shapa Health Inc.

Shapa Health Inc. is a health and wellness technology company founded by renowned behavioral scientist Dan Ariely. The company's core offering is a behavior-change platform centered around a unique number-less scale, which displays weight trends through a 5-color feedback system instead of specific pounds or kilograms, aiming to reduce the anxiety associated with daily weigh-ins. This system is paired with a mobile application that provides personalized daily missions and feedback based on behavioral science principles to help users develop sustainable, healthy habits and improve their overall relationship with their health and weight.

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Summarization

Shapa Health Inc. Overview

Brief Introduction and Overview of the Company

Shapa Health Inc., established in 2016 by CEO Nati Lavi and behavioral economist Dan Ariely[1], is a health and wellness platform. Unlike traditional insurance providers, Shapa focuses on building digital tools designed to effect positive behavioral change and improve overall health. The company's innovative approach centers around personalized programs and motivational feedback mechanisms to help users build healthier habits and achieve their wellness goals.

Key Highlights of the Company’s Market Position and Reputation

Shapa distinguishes itself through its unique approach to health tracking. Instead of relying on precise numerical weight measurements, it employs a five-color system and a numberless scale. This method emphasizes the direction of weight trends, offering daily motivation and feedback that reflects true progress in body composition[1]. This less-pressuring approach is designed to foster sustained engagement and healthier lifestyle changes, moving beyond the limitations of traditional weight-loss programs which often focus solely on numerical targets.

Overview

Year of Establishment and Background Story

Shapa's journey began in 2016 with the shared vision of Nati Lavi and Dan Ariely[1] to create a more effective and engaging platform for health and wellness. Recognizing the limitations of traditional weight-loss strategies and the importance of behavioral change, they developed a system focused on long-term lifestyle improvements rather than short-term results.

Key Milestones in the Company’s History and Growth

  • 2016: Shapa Health Inc. was founded.
  • Product Development: The company developed its core product: a 5-color system and numberless scale for intuitive weight tracking and a corresponding mobile application for personalized program delivery and habit formation.
  • Lifestyle Tracking and Habit Forming Programs: Shapa introduced comprehensive lifestyle tracking and habit-forming programs designed to help users build sustainable, healthy routines.

Regulatory Compliance and Licenses

While specific licensing information for Shapa Health Inc. isn't publicly available, the company adheres to standard data protection and privacy policies as detailed in its Privacy Policy[4]. This commitment to user data privacy and security is a crucial aspect of its operational framework.

Health and Wellness Products and Services

Main Health and Wellness Products

  • Shapa Scale: A smart scale that seamlessly integrates with the Shapa app, providing the unique 5-color feedback system based on recent weight trends. This visual representation of progress is designed to be less anxiety-inducing than precise numerical data[2].
  • Shapa App: A mobile application that serves as the central hub for the Shapa experience. It offers personalized daily missions, connects with Apple Health (and soon Google Fit), and provides a platform for tracking progress and receiving motivational support[2].
  • Lifestyle Tracking and Habit Forming Programs: These programs go beyond simple weight tracking, offering comprehensive tools and guidance for building healthier habits across various aspects of daily life, promoting a holistic approach to wellness[1].

Additional Services

  • Personalized Programs: Utilizing user questionnaires, Shapa tailors activities and missions to individual lifestyles, hobbies, and personality traits, creating a more relevant and engaging experience[2].
  • Mission Tracking: The app meticulously tracks users' progress on their daily missions and intelligently suggests new ones based on past performance and responses, ensuring a dynamic and adaptable program[2].

Premiums and Pricing

Pricing Structure

Shapa offers several membership plans with varying durations (6-month, 12-month, and 18-month options). These plans include the Shapa scale, access to the Shapa Assessment, personalized daily missions, and membership support for up to seven family members[2]. This family-oriented approach emphasizes shared wellness goals and support systems.

Discounts and Special Offers

Specific information regarding discounts and special offers isn't readily available on the Shapa website. However, the company does provide international shipping to a variety of countries[2], expanding its reach and accessibility to a global audience.

Customer Service and Support

Contact Methods

  • Customer Service Channels: Shapa offers multiple avenues for customer support, including access through their website, email, and in-app support through user accounts[3].
  • Availability of 24/7 Support and Multilingual Assistance: While specific details on 24/7 support or multilingual capabilities are not explicitly stated, the multiple contact methods suggest a commitment to providing customer assistance[3].

Pros and Cons of Shapa Health Inc.

Pros

  • Innovative Approach: Shapa's unique 5-color system and numberless scale offer a refreshing and less anxiety-provoking approach to weight tracking and health monitoring.
  • Personalized Programs: The app's ability to tailor programs to individual user data ensures a relevant and motivating experience.
  • International Availability: Shapa's international shipping demonstrates a commitment to serving a global user base.

Cons

  • Limited Availability Without Smartphone: The personalized program is smartphone-dependent, potentially limiting accessibility for users without access to mobile technology.
  • Data Collection Concerns: As with any digital health platform, concerns regarding data collection and privacy practices may arise. Reviewing the company's privacy policy[4] is recommended.

Conclusion

Shapa Health Inc. presents a novel approach to health and wellness, utilizing innovative technology and personalized programs to promote lasting behavioral change. While the reliance on a smartphone might limit accessibility for some, its focus on motivation and long-term habit formation represents a significant departure from traditional weight-loss methods. The platform's unique features and commitment to personalization make it a noteworthy player in the digital health landscape.

Frequently Asked Questions about Shapa Health Inc.

Answers to Common Questions

  • Can I Sync My Shapa with Other Applications or Devices? Yes, the Shapa scale syncs with the Shapa app and integrates with Apple Health.[2]
  • What is the Purpose of the Questionnaire? The questionnaire gathers information about your lifestyle, habits, and personality to personalize your program and create relevant daily missions.[2]
  • How Do I Choose Which Day of the Week to Start? The best day to start is today! Shapa encourages immediate action and consistent engagement.[2]
Question Answer
What are the different membership plans offered by Shapa? Shapa offers 6-month, 12-month, and 18-month membership plans, all including the Shapa scale and access to personalized programs.
Does Shapa offer any customer support? Yes, Shapa provides customer support through its website, email, and potentially in-app support. The specifics of 24/7 support and multilingual assistance are not detailed.
What data does Shapa collect? Refer to Shapa's Privacy Policy[4] for a detailed explanation of data collection practices.

References

  • [1] https://home.myshapa.com/about-us/
  • [2] https://www.myshapa.com/contact/faq
  • [3] https://www.myshapa.com/policies/terms-and-conditions
  • [4] https://www.myshapa.com/policies/privacy
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