MyCheck, a London, UK-based provider of mobile payment and loyalty solutions, raised $5m in Series B funding.
Santander Innoventures Fund made the investment, which kicked-off MyCheck’s round.
The company intends to use the funds to accelerate international expansion, especially across the U.S and Western Europe, increase sales and marketing efforts and enhance business intelligence capabilities.
Founded in Israel in 2011 by Shlomit Kugler, CEO, MyCheck provides technology that enhances the merchant and user experience in hospitality via POS integrations. It allows users to check into venues, pay securely, and receive relevant offers and information from their smart device.
The platform is modular, enabling the operator to choose which functionalities to incorporate – pay-at-table, pay-at-counter, loyalty, CRM outreach, order ahead, delivery, etc. It integrates with more than 27 POS systems.
With the deal, MyCheck will be able to leverage Santander’s expertise and scale, reaching over 107 million retail and commercial customers across ten main markets in Europe and the Americas.