SparkBase provides white-label reward program and gift card processing to ISOs and acquirers in the financial services industry. The company offers a technology platform for loyalty and gift card management and plans to accelerate development and deployment using the new funding. It intends to roll out new products including Paycloud, a mobile wallet scheduled to launch this summer that will consolidate loyalty, gift and reward cards, enable single-click enrollment in merchant loyalty programs, and allow merchants to broadcast specials and coupons. SparkBase was founded in 2004 and is led by CEO Doug Hardman. The company is based in Cleveland, Ohio and currently has 30 employees, with plans to double its headcount this year. The Series A proceeds are intended to support platform expansion and the Paycloud product rollout.

Total raised

$3M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2011