Mobile payment and customer engagement platform Alain Falys has raised £12m ($15.3m) in a series B round led by German retailer Metro Group. The UK-based fintech - the fastest-growing mobile payments app in Europe - enables its 400,000 registered users to make payments using their smartphones, and offers tailored rewards based on customer data. CEO Yoyo Wallet said the funding would help the company take its product to a "wider array of retailers, large and small, in the UK and across Europe".
Mobile payment and customer engagement platform Yoyo Wallet has raised £12m ($15.3m) in a series B round led by German retailer Metro Group. The UK-based fintech - the fastest-growing mobile payments app in Europe - enables its 400,000 registered users to make payments using their smartphones, and offers tailored rewards based on customer data. CEO Alain Falys said the funding would help the company take its product to a "wider array of retailers, large and small, in the UK and across Europe".