Clinkle, which was founded in 2011 and is currently in stealth mode, is a digital wallet that also offers ways for businesses to offer loyalty points and rewards to customers. Details of how the funding will be used have not been specified.
“We’re grateful for both the financial backing and strategic council our investors have given us. We plan to use our capital to expand our stellar team and to continue to ensure our quality of craftsmanship is of the highest standard.” Says the 22 year-old founder, Lucas Duplan.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
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.