Funding & Acquisitions Roundup: Yoyo raises $1.2M to power its mobile point-of-sale payments and loyalty platform

By Editor September 11, 2013

By Brian Kovalesky, StartUp Beat Editor

Today’s early-stage startup funding and acquisitions news:

Yoyo, which has built a combined m-commerce/loyalty program platform, has raised $1.2 million in Seed funding from Imperial Innovations. The London-based startup, which made its funding announcement at the TechCrunch Disrupt show, has built a mobile payment platform that utilizes on-screen barcodes to allow retailers to build in loyalty perks programs. For retailers, it allows for the use of existing scanners so that no additional equipment is needed, and it claims that it is faster than other e-payment solutions. While it is up against some steep competition, the founding team has significant experience in the payments space.

Vital Info.:


HQ: London

Founders: Alain Falys, Dave Nicholson, Michael Rolph

Year Founded: 2013

Seed Investor: Imperial Innovations

Innovation: A mobile payment platform that utilizes barcodes and existing scanners to enable retailers to build in loyalty perks programs.

Total Funding: $1.2 million

# # #