3 years ago

Boodil Secures £525K Pre-Seed Funding to Boost Open Banking Payments App

  • Boodil, a UK-based open banking payments and consumer engagement app, has secured £525,000 in Pre-Seed funding

  • The funding round was led by Louis and Reg Rix, Anthony Morrow, Gary Corbett, 3B4 Investments, and Ben Luscombe

  • Boodil rewards customers with redeemable points for every purchase, which can be used for rewards and prize draw entries

  • The company intends to use the funds to scale its solution

  • The cardless payment method is set to launch in Q4 2022.

      • ProblemFinancial Services

      "Many consumers are not incentivized to engage with their bank or utilize specific payment methods and feel they miss out on rewards for their spending."

      Solution

      "Boodil offers a cardless payment method, rewards customers with redeemable points for every purchase made through the app, and incentivizes consumers to use Boodil as their preferred payment method. Points can be redeemed for rewards like vouchers, holidays, and electronics."

      Covered on