Hard Yaka has supplied $30m in funding for Yoyo Wallet, a portfolio company of Telefónica and Metro Group, as part of a strategic partnership.
Yoyo Wallet, a UK-based mobile wallet technology producer backed by telecommunications firm Telefónica and wholesale and food retailer Metro Group, secured $30m in funding from investment firm Hard Yaka today.
Yoyo Wallet was co-founded in 2013 by Touchstone Innovations, the commercialisation firm spun out of Imperial College London and since acquired by IP Group, and entrepreneurs hailing from the credit card industry.
The company operates a mobile app that combines payments with loyalty schemes and marketing tools that help retailers…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
