loyalBe secures £730k seed investment led by Techstart Ventures to fund Irish expansion
The oversubscribed round was led by Techstart Ventures with participation from Clarendon Fund Managers and angels.
loyalBe operates a digital loyalty platform using open banking technology to connect retailers with shoppers. Based in Belfast, it provides card-linked rewards to help independent businesses compete effectively.
Belfast-based fintech company loyalBe has secured £730k in an oversubscribed seed round led by Techstart Ventures. The financing also saw participation from Clarendon Fund Managers and angel investors.
The capital will be deployed to support the company as it expands its operations into the Irish market, building local partnerships and accelerating marketing efforts following a recent collaboration with Visa.
The platform utilises open banking infrastructure to automate reward collection for shoppers without requiring separate in-store equipment or point-of-sale integrations.
From the founder
"We intend to use the funds to build partnerships and upscale our marketing efforts within Ireland. We have recently partnered with Visa to expand into the Irish market and this investment will allow us to accelerate our rollout of the app to local businesses."
Cormac Quinn
Founder and CEO at loyalBe
Use of funds
- 01Expand into international markets
- 02Invest in sales and marketing
