365.fintech started out the year 2019 by investing in Dateio. The investment platform acquired 5.3% stake in this established fintech startup from Czech Republic and Slovakia. The investment’s aim is to keep advancing current product synergies as well as enabling penetration of new foreign markets for the Prague-based company.
Dateio and 365.bank have been cooperating successfully by implementing a loyalty rewards platform Peniaze s5. Today, bank’s clients can take advantage of cashback-based discounts based at more than 60 merchant locations.
„In the recent months, Dateio has shown exponential increase in sales as well as in the total number of clients. This is why we see this investment as an amazing opportunity for continuing and developing our current cooperation and mutual synergies“, explained Rudolf Vrábel, Managing Director 365.fintech regarding future cooperation potential with Dateio.
Dateio started out its operations in 2013. During its relatively short existence, the company managed to close cooperation deals with almost ten European banks and onboarded hundreds of thousands of clients. It operates a rewards platform for banks, which is based on card-linked marketing. The company transforms data into actionable insights which help banks to understand buying behaviour of their client base better. It enables personalized discount offerings to banks’ clients when shopping at partner merchants. On the merchant side, it drives new customer acquisition while strengthening loyalty with existing customers.
„We are very pleased to able to further broaden our cooperation with the 365.fintech ecosystem. We perceive the investment into our company as a significant showcase of trust and proof that we are on the right track. We are convinced it will help us to further fuel our growth and scale our customer acquisition effort,“ explains Ondřej Knot, co-founder of Dateio.
365.fintech is a CEE based investment platform focused on providing financing and support for early to scale-up stage technology startups focusing on innovative FinTech, InsurTech as well as Big Data startups with global aspirations. Besides financing, 365.fintech is uniquely positioned to enable its portfolio companies to develop, test and pilot their products and services in a live regulated setting.
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