GreenJinn, a London, UK-based mobile couponing app, closed a £670k seed round of funding on Crowdcube.
Investors range from university students and families to CEOs including Guerrino De Luca, former Logitech CEO and SVP Marketing at Apple and former Jack Wills CEO Wendy Becker.
The company will use the funds to bolster the marketing and product development teams to support the growth in user numbers alongside the products and outlets available via the app.
Launched in October 2016 by CEO Giuseppe Licari, GreenJinn provides a cashback app that enables users to save money without having to sift through offers they are not interested in. Shoppers can download the app for free, choose their preferences, select coupons, purchase products from the supermarkets, and then send a photograph of the receipt to obtain their cashback.
Currently available to shoppers at Waitrose and Sainsbury’s, the company plans to add more outlets to its offering in the near future. The app is already used by over 50,000 users who are saving a maximum average of £100+ each month.