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Loyalty app startup to accelerate UK growth with £2m funding

FinTech startup Bink has announced it has closed an interim funding round of £2m following the official launch of its app in October.

The funding, which has come from unnamed angel investors, brings total funding in the startup to £10m as it looks to accelerate its growth across the UK.

Big name retailers including Pizza Express, River Island and Morrisons, along with air miles group Avios, are already signed up for the loyalty app’s service which links a user’s payment card directly to individual loyalty schemes.

The firm, which was founded in 2014 by entrepreneurs Greg Gormley and Lee Clarke, said its latest funding will be used to grow its operations across the UK, with further investment in marketing and sales staff.

Greg Gormley, Co-founder of Bink commented: “Following our successful consumer launch, this funding puts us in a fantastic position to accelerate our growth, bringing a brand new concept to the market.

“We’re moving fast we think we can shake up a huge, established industry in need of a technology boost. We’ve been working hard to build the best technology in the payments industry as well as a strong team and are now showing traction among consumers and retailers alike.”

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