Mobile loyalty and advertising platform Cardagin Networks has closed a USD4.25m Series A-1 round of funding led by private and angel backers from New York, Tennessee, Georgia and Virginia. This investment brings the startup’s total raised to USD5.25m, having raised a USD1m series A in March last year. The Virginia-based network will use the new capital to bolster product development and expand its team. Cardagin offers a proprietary mobile platform to enable small, local merchants and businesses to design, scale, and monetise their mobile loyalty platforms, while giving their customers access to rewards and exclusive promotions.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
