PointsKash, a fintech startup based on Boca Raton, collects an unknown amount per year seed financing loyalty award for developing a blockchain-based platform.
The funding round will be led by Seabury Global Markets and will allow startups to launch their own platform as well as implement marketing initiatives. Rob Fleschler, CEO of Seabury Global Markets, said of the firm’s partnership with PointsKash:
“We are pleased to support the PointsKash team and to improve the process of recovering loyalty points and introducing digital wallets so that consumers can spend the points they earn freely.”
The platform will be provided by Algorand, one of the largest blockchain networks, to unify, convert, track and spend loyalty rewards on its users through a mobile-related app. Until now, crypto loyalty rewards were limited to crypto debt cards issued by major crypto platforms but no, consumers will be able to exchange loyalty points in cash using cryptocurrency and blockchain technology.
By combining rewards, the launch expects consumers to have greater flexibility and convenience, providing immediate monetary value to loyalty points, as well as bridging the gap between multiple rewards programs. Steve Janjic, founder and CEO of PointsKash, said about this mission:
“We built PointsKash with a simple and easy-to-use application on reward and loyalty points available to consumers with billions of dollars worth of parts available, giving point issuers the ability to meet their amortization targets. We see the opportunity to bring consumers and issuing points together in one place. It’s all about putting the strength of the points into action. Pay your way. Play your way. Give way. ‘
Algorad will give the platform all the advantages block chain technology, as well as high-performance, low-cost, and unique complete decentralization. In this way, users are guaranteed real ownership of their prizes through PointsKash’s innovative “award-winning wallet”.