Referral Program
How the referral program works and how to refer friends
You can invite friends to join Play Money and earn rewards when they sign up and invest.
How It Works
Get your referral link
Find your unique referral link on the Referrals page — click your avatar and select "Referrals" or "Earn 0% Carry" from the user menu.
Share it
Share with friends, colleagues, or anyone who might be interested in angel investing, via LinkedIn, Twitter, WhatsApp, email, or any other channel.
They sign up and invest
When they create an account through your link, you automatically follow each other (so you can message right away). When they make their first investment, you both earn a reward.
You both earn carry credits
Both you and the person you referred receive a carry credit — reducing the carry share on a future investment.
What You Earn
You (the referrer)
Earn a carry credit — 0% carry on a future investment. Keep 100% of your investor share of profits.
Your friend (the referred)
They also earn a carry credit — 0% carry on their investment. A great start for new investors.
See Earning Carry Credits for more on how credits work.
Two Kinds of Invite Links
Both links carry your referral code and both earn you a carry credit the same way. They differ in where you are allowed to send them.
Your referral link
The generic link from the Referrals page. It points at the Play Money site rather than at any specific deal, so it is safe to post publicly: social media, a newsletter, a group, anywhere. Join links on your Angel Page work the same way.
A deal invite
A link to one specific deal, sent from that deal's share button or from the post-investment screen. The Earn 0% Carry page shows up to 6 open deals, putting deals you've invested in first. Deals are not public, so these belong in direct messages and group chats only.
Do not post deal invites publicly. Deal terms and company materials are private to Play Money investors. Your generic referral link has no such restriction.
Tracking Your Referrals
The Referrals page gives you a complete view of your referral activity:
Total Clicks
How many times your referral link has been clicked.
Total Signups
How many people have created accounts through your link.
Conversion Rate
The percentage of clicks that resulted in signups.
Carry Credits Earned
The total number of carry credits earned from referrals.
The page also includes detailed tables showing referral signups, earned carry credits, and referral clicks (with UTM tracking if configured).
You can add UTM parameters (source, medium, campaign, content, term) to your referral link to track where your clicks are coming from.
Common Questions
Is there a limit to how many people I can refer? No. Each successful referral (signup + investment) earns both of you a carry credit.
When do I receive my reward? You earn a carry credit when the person you referred makes their first investment.
Can I refer someone who already has an account? No. The referral link is for new signups only.
Do referral credits stack? Yes. If you refer multiple people, you earn a credit for each. Credits can be used on separate investments.
Can I share my referral link on social media? Yes. Your generic referral link can go anywhere: social media, email, messaging apps, or in person.
Can I post a deal link publicly? No. A deal invite links to a private deal, so send it in a direct message or a group chat. Use your generic referral link for anything public. After the round closes and your investment is funded, you can post share graphics about your investment — those unlock on the investment detail page.
Does sharing a deal still earn me a credit? Yes. Deal invites carry your referral code, so a recipient who signs up and invests earns you a credit exactly like the generic link does.