4 years ago
Loyalize Raises £250K to Revolutionize Retail Payments and Loyalty
Loyalize, a London-based retail tech startup, has secured £250,000 in pre-seed funding from SFC Capital and angel investors
The funding will be used to expand the company's development team and build new platform features
Loyalize's platform combines payment and loyalty into a single transaction, allowing customers to earn rewards on every purchase
The company aims to revolutionize the way payments and loyalty work together in the retail ecosystem.
ProblemTechnology
"Retailers struggle to engage customers and offer personalized experiences, leading to lost sales and customer churn. Traditional loyalty programs are often cumbersome and require customers to manually scan cards or enter codes, creating friction and reducing engagement."
Solution
"Loyalize simplifies loyalty and payments by integrating directly with customers' payment cards and bank accounts. This seamless integration allows retailers to offer personalized rewards and promotions based on real-time purchase data, enhancing customer engagement and driving sales."