Pollinate, a London, UK-based provider of a new merchant services platform, has launched with £60m in funding to date.
Backers included RBS, Mastercard, Motive Partners and EFM Asset Management.
Conceived in 2017, Pollinate provides a cloud-based services platform powering merchant and consumer digital experiences including onboarding, portals and loyalty programs, without migrations. This allows merchants to effectively manage their businesses with digital tools and data integrations, grow their businesses by connecting with their consumers, and give back to their local communities. Pollinate also helps banks understand and engage with their customers and build relationships with their merchants and consumers alike.
The first deployment of the system took place in Spring 2019 with the launch of the Tyl by NatWest merchant services business in the UK, and Pollinate is now in advanced discussions with other retail banks around the world.
Available globally through the Azure cloud, the platform uses Microsoft’s big data and distributed AI platforms, threat Intelligence and authentication services. Other global partners of Pollinate include Mastercard, Endava, Motive Partners and EFM.
Pollinate is run by a team of executives from the Payments, Technology and Loyalty industries including Al Lukies CBE, Jonathan Hughes, Fiona Roach Canning, Tim Joslyn, David Beresford and Anna Moore.