PointsKash, a fintech startup primarily based in Boca Raton, has raised an undisclosed quantity in seed funding to develop a loyalty reward blockchain-based platform.
The funding spherical might be led by Seabury International Markets and can enable the startup not solely to launch its platform but additionally to implement its advertising and marketing initiatives. Rob Fleschler, CEO of Seabury International Markets, stated in regards to the agency’s partnership with PointsKash:
“We’re thrilled to accomplice and assist the PointsKash workforce on their journey to enhance the loyalty level redemption course of and the introduction of digital wallets that enable shoppers to freely spend their hard-earned factors,”
The platform might be powered by Algorand, one of many greatest blockchain networks, to permit its customers to combination, convert, observe, and spend loyalty rewards through a cell phone-linked software. Till now, crypto loyalty rewards had been restricted to crypto debit playing cards issued by main crypto platforms however not, shoppers will have the ability to redeem their loyalty factors to money by utilizing cryptocurrency and blockchain expertise.
By aggregating rewards, the startup expects shoppers to take pleasure in elevated flexibility and comfort not solely by giving loyalty factors speedy financial worth but additionally by performing as a bridge between a number of reward packages. Steve Janjic, PointsKash co-founder & CEO, stated about this mission:
“We constructed PointsKash to assist the buyer seize their portion of billions of {dollars} in reward and loyalty factors accessible to them with a easy and straightforward to make use of software whereas offering factors issuers with the power to satisfy their redemption objectives. We see a chance to deliver shoppers and factors issuers collectively in a single place. It’s about placing the ability of factors to work. Pay your method. Play your method. Give your method.”
Algorad will present the platform with all the advantages of blockchain expertise in addition to its distinctive high-performance, low-cost, and full decentralization. This ensures that customers have true possession of their rewards through PointsKash’s modern “rewards money pockets”.
