28 May 2017
Book a meeting today

Loyalty wallet Bink secures £2 million in new funding

08 December 2016  |  6517 views  |  0 Hungarian mobile wallet

Digital loyalty startup Bink has secured £2 million in financing from angel investors, bringing total funding to over £10 million.

Launched in the UK in October, Bink's app links consumers' payment cards to merchant loyalty schemes.

The company has already secured deals with major retailer chains Avios, PizzaExpress, Virgin Atlantic, Arcadia Group, River Island and Morrisons, who are able to tap in to consumer spending patterns and target users with relevant offers using the startup's digital marketing platform.

Greg Gormley, co-founder of Bink comments on the funding: “Right now, loyalty systems are not making the most of the opportunity. We’ve all been in the situation - at the checkout we reach for our wallets or purses and find that we have forgotten the appropriate loyalty card - that’s points and ultimately rewards down the drain. Retailers need to be making it easier for their customers to earn their deserved rewards and Bink lets them do exactly that - to never miss out again.”

The company recently appointed Bob Wigley (former chair of Merrill Lynch Emea) as chairman and Visa Europe head Steve perry as a non-executive.
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ING and KBC create unified payments and loyalty platform in Belgium

ING and KBC create unified payments and loyalty platform in Belgium

06 July 2016  |  6367 views  |  0 comments | 5 tweets | 14 linkedin
Samsung Pay adds loyalty cards in the US

Samsung Pay adds loyalty cards in the US

18 May 2016  |  6688 views  |  1 comments | 18 tweets | 8 linkedin
MasterCard bids to develop tech spec for mobile loyalty integration

MasterCard bids to develop tech spec for mobile loyalty integration

17 November 2015  |  9285 views  |  1 comments | 20 tweets | 22 linkedin
ING acquires 12-person loyalty startup Qustomer; opens Innovation Studio

ING acquires 12-person loyalty startup Qustomer; opens Innovation Studio

09 September 2015  |  10400 views  |  0 comments | 20 tweets | 14 linkedin
Vodafone lets customers store loyalty cards in mobile wallet

Vodafone lets customers store loyalty cards in mobile wallet

09 May 2014  |  10441 views  |  2 comments | 14 tweets | 12 linkedin
Birdback launches card-linked offers platform

Birdback launches card-linked offers platform

10 April 2014  |  5234 views  |  1 comments | 3 tweets | 4 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit vasco.com/news/PSD2-compliant-solutionsvisit dh.com

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
13305 views comments | 50 tweets | 79 linkedin
Bank/fintech collaboration can take transaction banking to new heightsBank/fintech collaboration can take transa...
7795 views comments | 12 tweets | 24 linkedin
R3 raises $107mR3 raises $107m
7034 views comments | 16 tweets | 16 linkedin
TransferWise launches multi-currency business bank accountsTransferWise launches multi-currency busin...
6876 views comments | 12 tweets | 20 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job