CouponCloud Receives Investment from DST Systems

CouponCloud, a Kansas City, MO-based Consumer Packaged Goods (CPG) coupon redemption and processing company, received an investment by Kansas City-based DST Systems.

The terms of the investment were not disclosed.

The company intends to use the funds to accelerate development of its retail component, which reconciles grocery coupons at the point of sale.

Led by Matthew Simrell, CEO, CouponCloud provides a Coupon Management Platform that works in tandem with its coupon redemption platform, which validates coupons when read by a retail point-of-sale system, charges manufacturers for the coupon face value, and reimburses retailers in real time.
CouponCloud’s Coupon Management Platform is being released to select CPG and agency clients.

Formed in late 2013, the company participated in the 2014 SparkLabKC accelerator class.

SOURCE CouponCloud


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