
Swipii connects users to local brick-and-mortar businesses in their vicinity via its app. It allows users to earn cashback on every transaction done through the app via a debit/credit card and allows local businesses to reach more customers and run their business profitably. Swipii has 26,500 registered users on its platform and has witnessed £440,000 spent at 212 businesses nationwide. The company argues that despite the COVID lockdown, 33% of Swipii users made >1 cashback transaction each month in 2020. It aims to become a contender in the £60 billion global cashback market. Swipii has featured in The Guardian, BBC, and Wired. It won the 2016 UK Digital Experience Awards and its founders were mentioned in Forbes '30 under 30' winners. The company will use the investment to scale up user and business acquisition in new cities across the UK before going global.
-
£805,453
pledged -
107%
of goal
£750,000
target
£7,575,286
pre-money valuation
9.01%
equity available
405
investors
£1,989
pledge per investor
SC437576
company number
Active
company status
26/11/2012
incorporated 8 years
£0.21
share price
Previous Funding rounds
25 Mar 21 | Crowdcube | £805,453 / 107% |
Officers
Mark Logan
Appointed: 01-09-2018
Louis Martin Schena
Appointed: 31-01-2013
News
Cashback app Swipii crowdfunds to boost local network - Daily Business
25/03/2021 Daily Business
Update: Marketing Tool For Local Businesses Swipii Raises More Than £800,000 Through Equity Crowdfunding Campaign on Crowdcube - Crowdfund Insider
12/04/2021 Crowdfund Insider
Swipii in crowd appeal to raise £750,000 | HeraldScotland - HeraldScotland
26/03/2021 HeraldScotland
Par Equity backs cashback developer Swipii with £1m - Daily Business
17/03/2020 Daily Business
New Swipii feature encourages users to shop local - DIGIT.FYI - DIGIT.FYI
14/07/2020 DIGIT.FYI
Swipii makes two hires from search firm Skyscanner - Daily Business
04/06/2019 Daily Business
Swipii brings trio of tech executives into team - Daily Business
12/11/2018 Daily Business
What is Swipii, how to I get reward points and free perks and what shop, restaurants and businesses are... - The Scottish Sun
04/06/2018 The Scottish Sun
With the new Swipii app you NEVER have to worry about forgetting your loyalty cards... - The Scottish Sun
02/06/2018 The Scottish Sun
Swipii users offered great rewards, upgrades and free perks – just for doing their everyday shopping... - The Scottish Sun
02/06/2018 The Scottish Sun
Valuations in Technology
Lenderwize | £22.8M |
ClickMechanic LTD | £15.3M |
YEO Messaging | £10.1M |
Wi-Fi Securities Limited | £9.1M |
Medic Bleep | £8.0M |
ShareVision | £6.9M |
TIME-TO-FIND | £4.8M |
URocked | £4.6M |
8dates | £4.2M |
Artists Ahead | £4.1M |