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Zipzero Secures £1M Funding Through Invance Capital

Zipzero Secures £1M Funding Through Invance Capital

03/10/23, 2:41 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svglondon
Money raised
£1 million
Round Type
seed
InVance Capital has assisted ZipZero, a fast-growing FinTech business in securing £1m of funding from their private investor network. ZipZero are a consumer app that allows users to receive cash rewards by sharing receipts from their everyday purchases, which are then used to pay household utility bills.

Company Info

Company
ZIPZERO
Location
london, ontario, canada
Additional Info
Last year, Big Tech generated £26bn+ of revenues by using your data to push ads to you – we believe this is unjust & simply wrong. We created ZIPZERO so that consumers can become the beneficiary of their data’s monetisation – in a way that is fully in their control whilst meaningfully impacting their household’s finances. Via our app, consumers get rewarded for sharing any shopping receipt – physical & digital – with cash rewards which can be used to pay off any recurring utility bill. Our cash rewards are funded by advertisers – leading retailers, brands & financial institutions – who gain access to a unique consumer insights & marketing platform that’s based on real-time, product-level shopping data. Our USP lies in our capture of product-level spend from consenting consumers across all their retail transactions – hugely valuable data that Open Banking doesn’t have access to. We’re focused on diverting the £26bn+ spent yearly on digital advertising towards the payment of consumers’ utility bills – corresponding to a whopping £80/month per household. Launched in 03/22, ZIPZERO already boasts 100k+ active users who have shared >2m receipts worth >£50m in retail value. Our path to scale is in partnership with leading utilities, who are encouraged to push ZIPZERO to their customers as we help them pay their bills.

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