Stocard, the developer of a mobile loyalty app backed by Cewe, has secured $20m from investors including Engelhorn.
Stocard, a Germany-based developer of a digital loyalty wallet, raised $20m in funding on Tuesday from investors including online fashion retailer Engelhorn.
The round was led by Macquarie Capital, while public-private partnership High-Tech Gründerfonds (HTGF) also committed capital, as did Shortcut Ventures, Alstin and Rocketship.
Stocard operates a mobile app that lets consumers save their loyalty cards in one place. Retailers can provide targeted offers through the app, with Stocard also preparing to integrate a payment service in the near…
