Stocard offers a mobile wallet that consolidates loyalty cards, shows real-time points and transactions, provides personalized offers, and allows users to sign up for new loyalty programmes inside the app. The company serves 25 million users globally and supports over 4,000 international retail brands including Carrefour, Ikea, and Decathlon. Led by Björn Goß and David Handlos, Stocard aims to add a payment feature that will let consumers make purchases directly from the app. It plans to use new funding to launch that mobile payment functionality, recruit 40 employees across engineering, sales and marketing, and expand into new markets. The company already operates offices in Mannheim, Sydney, Rome, Amsterdam (Benelux) and has just opened in Paris with Toronto planned next. Stocard is a mobile loyalty wallet founded in 2011 that enables users to store all their loyalty cards in one app, see points balances and transactions in real time, and receive personalized offers. The company reports far more than 10 million users and has described substantial growth since closing a Series A earlier this year. Stocard opened local offices in Italy and Australia to deepen collaboration with retailers and accelerate expansion. Management said it was not actively raising but has seen strong investor interest. The app’s roadmap includes launching a mobile payment function next year while keeping the holistic shopping experience—from browsing offers to paying at the POS—as its focus. The company positions itself as a market leader in mobile wallets and aims to shape the future of retail and the mobile wallet experience. Stocard offers a mobile loyalty-card wallet for iOS and Android that lets users scan physical loyalty cards with their phone camera and display replica barcodes at checkout. The app is multi-platform and does not require retailer integration, though partner retailers can push offers and coupons to users. Stocard targets customers in the UK, Germany, Austria, Switzerland, Italy and Australia. The company was founded in 2011 by David Handlos, Björn Goß and Florian Barth while they were studying at university. Prior to graduation the app had 200,000 installs and it has since grown to more than 425,000 installs. Its likely monetization route is through retailer partnerships that can deliver promotions via the app. Competitors noted in the article include Apple’s Passbook (iOS-only) and services such as FidMe.

Total raised

$21M

Funding rounds

3

Latest round

Series B

Latest activity

Jun 2018