loyalBe Raises £725,000 for its Open Banking Loyalty Platform
Summary
Founder and CEO, Cormac Quinn, said, “We intend to use the funds to build partnerships and upscale our marketing efforts within Ireland. The loyalBe app uses new bank-linking technology, allowing customers to automatically earn rewards simply by paying with their debit card. loyalBe’s mission is to provide independent businesses with a powerful loyalty solution that will level the playing field and allow them to compete against multinational brands with huge resources. The past year has shone a light on the importance of supporting local businesses, to sustain the economy and protect jobs. loyalBe believes that shopping locally is crucial – now more than ever – and this is a message the team is passionate about spreading and incorporating as part of their business model.