Ubamarket, a London, UK-based provider of a Scan Pay Go’ (SPG) app, raised £800K in funding.
The round was led by IW Capital. This latest tranche of capital brings total funding from IW Capital investors to circa £4.4M.
The company intends to use the funds to expand its market position and its app development team as new retailers are onboarded, and to deliver personalization for larger retail group rollouts.
Led by CEO Will Broome, Ubamarket has developed a market SPG app, with a patented shopping list technology which allows shoppers to enjoy their shopping experience using a mobile device and gives retailers the ability to grow basket size, increase loyalty, reduce overheads, and analyse purchasing data.
The app is currently on course to go live in several retail stores, with current partnerships including SPAR, Budgens and Central Co-Op.
FinSMEs
19/12/2022