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.
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Swipii Rating Review
Pitch rating powered by CROWDRATING™
Rated on 20/04/2021
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£7,664,856
pre-money valuation
9.01%
equity available
539
investors
£1,710
pledge per investor
26/11/2012
incorporated 12 years
£0.21
share price
Previous Funding rounds
11 Mar 24 | Crowdcube | £921,643 / 123% | 53.33% |
News
Swipii - University of Strathclyde
26/02/2020 University of Strathclyde
Swipii launches £750000 crowdfunder as it seeks to spearhead the shop local recovery - Scottish Financial News
25/03/2021 Scottish Financial News
Vow Currency Acquires UK Rewards App, Swipii - Yahoo Finance
23/03/2022 Yahoo Finance
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
Glasgow customer loyalty platform Swipii raises $2.5m - UKTN (UK Technology News
05/10/2016 UKTN (UK Technology News
DripApp has sold its 'Oyster card for drinks' app to Swipii - Business Insider
02/12/2016 Business Insider
Greenshoots: Swipii to quadruple business network - Scottish Financial News
17/03/2021 Scottish Financial News
Former Skyscanner bosses and 5pm.co.uk founder join Swipii - Insider.co.uk
12/11/2018 Insider.co.uk
Swipii Secures $2.4M in Journey to Bring Advanced Tech to Local Business - PR Web
05/03/2019 PR Web
Glasgow-based Swipii buys struggling startup DripApp - UKTN (UK Technology News
02/12/2016 UKTN (UK Technology News
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What the ratings mean
RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.