PayTech Swapi reels in £860k pre-seed to expand team

UK e-wallet platform Swapi had raised £860,000 from a pre-seed funding round that included Trampoline Ventures.

The round included unnamed private investors, a crowdfunding round as well as investment from Trampoline Ventures.

Founded in 2020, Swapi is an e-wallet platform that claims it has solved the problem of long-term loyalty liability by enabling its users to shift their unredeemed loyalty programme points to the company at zero cost to enable the customer to get rewarded.

The firm allows people to collect Swapi Points and spend on rewards, discounts and coupons on the app with a wide range of retailers, airlines, hotels and more.

According to Swapi, the company intends to use the newly raised capital to expand the team and launch with over 100 international brands on board as well as bringing the app to market.

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