19/09/2020

London fintech incubator Quantum Group announces the acquisition of Tail rewards App

Mayfair-based fintech incubator Quantum Group has acquired the popular mobile cashback App Tail. Tail provides reward services to major UK challenger banks, enabling them to deepen relationships with their customer base.

Tail takes advantage of Open Banking data to help banks provide cashback, rewards and loyalty programmes to customers in a seamless, automated manner, eliminating the need for loyalty cards or vouchers. Instead, Tail’s unrivalled customer experience sees cashback transferred directly to customers’ bank accounts after purchase.

For participating retailers, Tail provides a fully-managed platform that enables retailers to create hyperlocal marketing campaigns, allowing them to increase general footfall and customer volume across demographics.

Tail began development in 2016, launching its first API integration on Starling in July 2017. It has subsequently integrated with other UK digital challenger banks Monzo and Volopa. Quantum Group, which acquired 30% of Tail in 2019, completed its acquisition of the company in August for an undisclosed sum.

With the completed acquisition, Quantum Group plans to continue to increase the number of banking partners integrated with the Tail platform, and to onboard a diverse set of retailers from around the UK, offering customers ever-greater choice.

Dave Pearson, who has come on board as Managing Director, said: “We are looking forward to continuing the great work that Tail has achieved, and ensuring that the expansion of both banking partners and retailer cashback offers even greater value to our customers. The Tail platform is designed to ensure the customer and retailer alike enjoy a seamless experience that changes the way they interact with their cards.”

Quantum Group is a leading fintech investment incubator, whose portfolio of companies includes pre-paid multi-currency card company Volopa and security specialists Valkyrie. When combined with integrated hardware, world-class service delivery, top-flight management and technical expertise sitting within all of Quantum’s investment arms, Quantum delivers practical real-world solutions at the highest levels. Through both its media arm and investments in software, Quantum has built a streamlined group with a balanced portfolio of capabilities.

Quantum Group Chairman Floyd Woodrow MBE DCM LLB said: “We are delighted to welcome Tail fully on board within the Quantum Group. Tail’s world-class service offers true value to cardholders around the UK, as well as our banking partners and retailers, and we are excited for the platform’s future expansion.”

For more information please contact

Dave Pearson

dave@tail.cash

ABOUT TAIL

Part of the inaugural Tech Nation Fintech programme, Tail is one of the leading cashback solution providers for Open Banking and is already available for Monzo, Starling and Volopa customers. The Tail app integrates directly with a user’s bank account to provide tailored, high-value offers and cashback rewards in the most convenient way possible. Via its industry-first, cashback, self-serve platform, Tail enables hyperlocal, local and national merchants to use a tailored, data-driven rewards solution to engage directly with customers.

Tail.cash

ABOUT QUANTUM GROUP

Quantum Group is a leading fintech investment incubator, delivering regulated financial solutions through a range of core products, including state-of-the-art security innovations. When combined with integrated hardware, world-class service delivery, top-flight management and technical expertise sitting within all of Quantum’s investment arms, Quantum delivers practical real-world solutions at the highest levels. Through both its media arm and investments in software, Quantum has built a streamlined group with a balanced portfolio of capabilities.

Quantumgroup.uk

d4cfe  fbshare20 London fintech incubator Quantum Group announces the acquisition of Tail rewards App d4cfe  fblike20 London fintech incubator Quantum Group announces the acquisition of Tail rewards App d4cfe  googleplus20 London fintech incubator Quantum Group announces the acquisition of Tail rewards App d4cfe  linkedin20 London fintech incubator Quantum Group announces the acquisition of Tail rewards App d4cfe  pinterest20 London fintech incubator Quantum Group announces the acquisition of Tail rewards App d4cfe  twitter20 London fintech incubator Quantum Group announces the acquisition of Tail rewards App d4cfe  rss20 London fintech incubator Quantum Group announces the acquisition of Tail rewards App 

d4cfe  rb95mJbZECA London fintech incubator Quantum Group announces the acquisition of Tail rewards App

GD Star Rating
loading...
Be Sociable, Share!
  • more London fintech incubator Quantum Group announces the acquisition of Tail rewards App

 © 2012 Cool Gadgets Definitive Guide.

Cool Gadgets Definitive Guide is your latest source for cool gadgets and gizmos news and reviews. Find cool gadgets and the latest gizmos, a cool gadget blog featuring smartphones, gizmos and cool stuff for geeks. We have avid readers and feature the latest gadgets in United States of America, United Kingdom, Canada, Australia, Ireland, South Africa, New Zealand, Philippines, Singapore, India, Hong Kong, Puerto Rico, Nigeria, India, Pakistan, Russia, China, Brazil, Saudi Arabia, Japan, Malaysia, Germany, Dubai, Italy and Ghana.