U.K startup Stamp.it, a mobile platform on which independent retailers can offer customer loyalty schemes, has raised USD225,000 from Markco Media (reports StrategyEye). Stamp.it, which was founded by former Marko employee Martin Herd, aims to provide small and medium sized businesses with customer loyalty schemes similar to their larger competitors.
The company offers consumers a physical loyalty card as well as Stamp.it smartphone app that is used in the same way. Retailers, who pay for a subscription to the service, also receive analytics breakdowns that enable them to view the effectiveness of campaigns. While the app is available on both iOS and Android, merchants are required to use an iPad to scan loyalty cards and apps.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.