– Seabury Global Markets will lead Seed Round funding
– PointsKash will use proceeds to launch product and marketing initiatives
PointsKash, a Florida based financial technology company is leveraging Algorand to launch the first blockchain enabled platform linked to a mobile phone application that will allow consumers to aggregate, convert, track and spend their rewards and loyalty points while giving issuers the power to engage consumers like never before.
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Freedom to Pay Your Way. PointsKash was created to overcome the discontent expressed by consumers related to their inability to spend reward points at places they truly like and the feeling of being ‘locked in’ with very few options. PointsKash—built on the high-performance, low-cost, and fully decentralized Algorand blockchain—is positioning itself to be a ‘Rewards Cash Wallet’ to help consumers be more efficient shoppers and to enhance their shopping experience. By aggregating points into a single interface and converting them to PointsKash users can easily see their total rewards on a single screen and immediately translate them into a monetary value.
“We built PointsKash to help the consumer capture their portion of the billions of dollars in reward and loyalty points available to them with a simple and easy to use application while providing points issuers with the ability to meet their redemption goals” said Steve Janjic, PointsKash co-founder & CEO. “We see an opportunity to bring consumers and points issuers together in one place. It’s about putting the power of points to work. Pay your way. Play your way. Give your way.”
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“We are thrilled to partner and support the PointsKash team on their journey to improve the loyalty point redemption process and the introduction of digital wallets that allow consumers to freely spend their hard-earned points” said Rob Fleschler, CEO of Seabury Global Markets.
PointsKash serves as a direct communication link across rewards programs that can utilize mobile push notifications, email, social media, and SMS alerts to help consumers stay in-the-know about special programs, bonus points, coupons, and other ways to generate or maximize the value from their rewards points. Soft launch is planned in time for the holidays.
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